Quote:
Originally Posted by Jacks
Saw that story earlier but the numbers seem kind of funky. Someone would have to explain to me how 2% rate increase would swing them from a profit to a $400M loss. The additional tax should be charged on profit no? unless the tax was retroactive or something.
|
I think our corporate tax is charged on revenue, not profit. Even so, I'd really like to see the ledger that shows they ate over $500 million in extra taxes.