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That article discusses buybacks and dividends. Buybacks and dividends are post-tax expenses. Paying royalties is an expense that comes before taxes. If they b
by cowsandmilk 11y ago
That article discusses buybacks and dividends.
Buybacks and dividends are post-tax expenses.
Paying royalties is an expense that comes before taxes. If they bring $500MM over and pay it as royalties, they would pay no taxes on it.