News for hackers. Stuff that matters.

A comment on Microsoft Irish subsidiary paid zero corporate tax on £220bn profit last year. Parent comment

Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by jermaustin1 on Thursday June 03, 2021 @09:20AM (#27380857)
technically true, since every year you take a cash distribution of the profit, BUT you then roll that into the following year and all distributions are tax free... cuz you already paid taxes on it.
[ Parent | on HN ]

There are no comments on this comment yet.