News for hackers. Stuff that matters.

A comment on European Union plans to tax tech giants on local revenue. Parent comment

Re:European Union plans to tax tech giants on local revenue by csomar on Monday March 05, 2018 @04:09PM (#16524419)
Nah, it gets cut like sales tax but the deductibility is different. You deduct VAT from sales tax. You deduct taxes you have to pay on profit from that 5% tax you paid (or was paid for you).
[ Parent | on HN ]

There are no comments on this comment yet.