A long-running tax dispute is racking up a potentially hefty price tag of nearly $2 billion and counting for dozens of big U.S. companies, including Facebook Inc. and Alphabet Inc.
Since the most recent ruling on the case, in June, more than two dozen companies have disclosed the potential impact on their financial results. Facebook recorded a $1.1 billion tax expense because of the case, while Alphabet, the parent of Google, reversed a $418 million benefit it had previously taken. Other companies reporting at least a $50...
'Everyone acts according to self-interest.' - Gracian
And why should Tech companies be able to circumvent their liability by using tax shelters or 'made up' GOP tax exemptions when it just provides them with a MOTIVE to 'materially aid' one political party to get re-elected, e.g., using 'bots' to unduly condition voters?
At some point, they have to pay some kind of tax too.