91–100 of 333 posts
These tax dodges are corporate shenanigans, and to me it’s no different than tax evasion.
But if you as a citizen owe 1000USD, you'll be pursued more. Its completely messed up, but that's the current rules of the system. Without going into politics, they play by the stretched rules.
He who has the gold, makes the rules.
This would be half of Facebook's net income for an entire year, which is substantial. It's a big deal to them.
This is hilarious! Does anyone really believe the pretense that these are multiple different companies?
Is there a reason why Mike Schroepfer is being called to testify? Boz makes sense given that he ran ads for years, Naomi Gleit and Javier Olivan led parts of the growth team for years, but Schroepfer is the CTO. Not entirely sure why he'd be called while Sheryl Sandberg isn't (or any number of people who actually worked directly on revenue)?
Schroepfer would be asked to testify about the actual source and work product that led to the intellectual property transferred to the Irish subsidiary.
The number is big, but simular to when they faced the 5Bn file for antiprivacy in SF also, it's not that big of a deal for Facebook. In 2019, Facebook's revenue amounted to 70.7 billion US dollars, up from 55.8 billion U.S. dollars in the previous fiscal year. Thats revenue. https://www.macrotrends.net/stocks/charts/FB/facebook/revenu...
The number is big, but simular to when they faced the 5Bn file for antiprivacy in SF also, it's not that big of a deal for Facebook. In 2019, Facebook's revenue amounted to 70.7 billion US dollars, up from 55.8 billion U.S. dollars in the previous fiscal year. Thats revenue. https://www.macrotrends.net/stocks/charts/FB/facebook/revenu...
To those mentioning that Facebook's revenue is $70b: their net income is only around ~$18b. This would be half of Facebook's net income for an entire year, which is substantial. It's a big deal to them.
To those mentioning that Facebook's revenue is $70b: their net income is only around ~$18b. This would be half of Facebook's net income for an entire year, which is substantial. It's a big deal to them.
The number is big, but simular to when they faced the 5Bn file for antiprivacy in SF also, it's not that big of a deal for Facebook. In 2019, Facebook's revenue amounted to 70.7 billion US dollars, up from 55.8 billion U.S. dollars in the previous fiscal year. Thats revenue. https://www.macrotrends.net/stocks/charts/FB/facebook/revenu...
9B out of 70B revenues is a pretty big deal imho, what about profits ?
> "Facebook Ireland and Facebook’s other foreign affiliates - not Facebook US - led the high-risk, and ultimately successful, international effort to sell Facebook ads,” the company said in a pre-trial memorandum. This is hilarious! Does anyone really believe the pretense that these are multiple different companies?