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 tonfa on Monday March 05, 2018 @06:58PM (#16525729)
Wasn't the 8% due to the deferment of foreign income tax? And with the US tax reform they will pay it for all those years of accumulated profit (and they are no longer able to defer it).

Eg. Alphabet had a 3B loss last quarter due to taxes.

[ Parent | on HN ]

There are no comments on this comment yet.