Google pays an effective tax rate of 2.4% in America

[thewayne]

Gee, I wish I could get a tax rate like that! I love the "Don't Be Evil" motto, then turn around and emulate every other tech company with dodging taxes.

http://www.bloomberg.com/news/2010-10-21/google-2-4-rate-shows-how-60-billion-u-s-revenue-lost-to-tax-loopholes.html

http://tech.slashdot.org/story/10/10/21/1627220/How-Google-Avoided-Paying-60-Billion-In-Taxes

Comments

[silveradept]

Those shell games are a real PITA. Our tax code could do with significant simplification to the point of "scrap it, start again with the basics of the progressive income tax, require referenda when it comes to changing it." I'd rather have the postcard than have to do my own taxes. (Excepting that I'd still probably do them just to make sure our numbers agreed.)