Re:Alphabet Announces Fourth Quarter and Fiscal Year 2016 Re...
by Johnie on Thursday January 26, 2017 @08:36PM
(#13497048)
Ruth mentioned this on the call:
"Porat replied, “In terms of, you noted the one-time item, there are really two I’m actually going to call out. One was in the cost of revenues. I noted that as equipment costs were elevated by some one-time charges, and so there was some pressure there. And then the other item I noted was with respect to our tax rate. I noted that there was slightly elevated tax rate this quarter. It’s always affected by the geographic mix of results but we did have a discrete that affected the US tax rate, to make that clear.”"
It still doesn't answer the question. Basically a one time charge increased the tax rate. In one of the live blogs, an analyst mentioned some windfall tax from Europe. But now I can't find it.
"Porat replied, “In terms of, you noted the one-time item, there are really two I’m actually going to call out. One was in the cost of revenues. I noted that as equipment costs were elevated by some one-time charges, and so there was some pressure there. And then the other item I noted was with respect to our tax rate. I noted that there was slightly elevated tax rate this quarter. It’s always affected by the geographic mix of results but we did have a discrete that affected the US tax rate, to make that clear.”"
It still doesn't answer the question. Basically a one time charge increased the tax rate. In one of the live blogs, an analyst mentioned some windfall tax from Europe. But now I can't find it.