181–190 of 334 posts
Earlier quoted context omitted.
> The stock price doesn’t seem to be hurting pre-market at all. Big investors will have eyes and ears inside the IRS, so will have known for years about this already.
I think a lot of the market is people pointing at other people as if they had done the due diligence that they couldn't be bothered with, and those people pointing back.
Yea hello it’s Mr Smith here from the tax department. I’ve just been reviewing your file and it seems that you are a little short in your tax payments by…… let’s seeeee ……. ummmm …… yes, $29,000,000,000. Can you pay it now please?
"We take credit cards. Now now, Mr. Nardella, no need to get... You say we should ask Mr. Ballmer instead? I'm afraid it doesn't really... Yes, credit cards, cheques, bank transfers. My son does everything with his app, these days, maybe you have one...? I see. So when should I call back? Never, you say? Oh."
Earlier quoted context omitted.
"We take credit cards. Now now, Mr. Nardella, no need to get... You say we should ask Mr. Ballmer instead? I'm afraid it doesn't really... Yes, credit cards, cheques, bank transfers. My son does everything with his app, these days, maybe you have one...? I see. So when should I call back? Never, you say? Oh."
Can I pay in v-bucks and cheetohs?
Earlier quoted context omitted.
> The stock price doesn’t seem to be hurting pre-market at all. Big investors will have eyes and ears inside the IRS, so will have known for years about this already.
At what point does information such as this become "insider information" and illegal to share? These "eyes and ears" need to have their taxes audited...
Big market actors are just institutionalized corrupt people working for private companies. Change my mind.
Earlier quoted context omitted.
LOL, like they would ever do that! They will make MS customers pay for it, if they can't convince the IRS to lower the bill significantly, which they probably can.
"if they can't convince the IRS to lower the bill significantly" Why would IRS agree to this? Would the IRS agree to lower your taxes if you pretty-pleased them? Microsoft should not be an exception.
I mean... I agree, they shouldn't, but I think we all know how this will turn out.
The infraction happened in 2004-2013. So that would be over three billion dollars per year. Microsoft’s operating income in fiscal year 2005 was about $15B and in 2013 almost $27B. So you can kind see where the IRS is getting this number: if they believe that Microsoft evaded tax worth about 10-15% of its earnings before taxes, that’s how it would add up to this whopping sum. It seems like Microsoft believes they can…
Given the Stock Markets inability to predict the Twitter buyout despite public documents stating Elon Musk's contract to buy at $54.20/share throughout 2022, I'm pretty sure that stock market investors are literally illiterate, unable to read public documents.
Anyone who bought Twitter at $35/share after the contracts public disclosure knows what I'm talking about.
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AMC / APE for another example. Anyone who short sold AMC and bought long APE made bank this past year (before the AMC/APE stock ticker merge there were public documents in December 2022 stating AMCs intention to merge the two one-for-one)
I believe I saw an opportunity as wide as $8 for AMC and $1.50 for a legally equivalent APE a few months ago.
Literally public documents with public court signatures and everything, but so many people remaining ignorant for months, providing anyone 'who can read' an opportunity to make tons of nearly risk free money.
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That used to be true, but is no longer. Currently Apple et al pay 12.5% corporation tax in the Republic of Ireland, unlike the past where this rate existed but was notional as most of the revenue was ultimately booked to a real tax haven like Bermuda et al.
Glad it changed. It's still a 50% discount compared to most of EU though…
It's the sixth identical post today :D https://hn.algolia.com/?dateRange=last24h&page=0&prefix=true...
Maybe there'll be one that I can look at without having to enable JavaScript and Cookies.
The infraction happened in 2004-2013. So that would be over three billion dollars per year. Microsoft’s operating income in fiscal year 2005 was about $15B and in 2013 almost $27B. So you can kind see where the IRS is getting this number: if they believe that Microsoft evaded tax worth about 10-15% of its earnings before taxes, that’s how it would add up to this whopping sum. It seems like Microsoft believes they can…
> It seems like Microsoft believes they can settle for something much lower. The stock price doesn’t seem to be hurting pre-market at all Given the Stock Markets inability to predict the Twitter buyout despite public documents stating Elon Musk's contract to buy at $54.20/share throughout 2022, I'm pretty sure that stock market investors are literally illiterate, unable to read public documents. Anyone who bought Twi…
That doesn't make them "literally illiterate" though.