Earn a Billion and pay negative taxes on it!

  • '12

    I read this and it made me shake my head.  Tax policy is a pretty dry subject no doubt.  But there is a story to be told when a company can earn a billion dollars in profit and actually pay negative taxes, ie, not only pay no taxes for a year you earn a billion but actually get taxes paid in previous years refunded!  If that was not enough fun for a year, you also get tax offsets for future years ensuring you won’t pay taxes on your next few billion dollars in profits.

    http://www.theregister.co.uk/2013/02/17/facebooks_mighty_tax_dodge/

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