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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 chipsambos on Thursday June 03, 2021 @09:22AM (#27380894)
> So what exactly is left for a corporate tax to collect?

£220bn in profit last year.

It's in the headline.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by G3rn0ti on Thursday June 03, 2021 @12:22PM (#27383642)
> £220bn

As others pointed out — this number is nonsense. See for example https://news.ycombinator.com/item?id=27380998.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by samspenc on Thursday June 03, 2021 @01:51PM (#27384927)
Yeah that was my first thought on seeing the title. MSFT as a whole made a grand total of $143 billion (€118 billion) revenue in 2020 (across the globe), and $44.3 billion (€36.5 billion) profit during this time.

I'm not sure how they got from a €36.5 billion profit for the year (which would be the maximal taxable amount) to a €220 billion number, something 6x higher.

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Re:Microsoft Irish subsidiary paid zero corporate tax on £22... by G3rn0ti on Thursday June 03, 2021 @09:29AM (#27380996)
Well, thanks for your snarky comment. ;)

The profit goes out to shareholders as dividends, to employees as salary rises and into investments of a corporate’s means of production hopefully generating more growth and, hence, growing tax returns.

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