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Reply to post: Basic accountancy problem

Guess who doesn't have to pay $1.3bn in back taxes? Of course it's fscking Google

Electron Shepherd

Basic accountancy problem

The phrase

"For 2013, it paid just £20.4m on sales of £3.8bn – an effective tax rate of 0.5 per cent."

is totally meaningless, since in the UK you pay tax on profits, not revenue.

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