• CosmicTurtle0@lemmy.dbzer0.com
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    4 months ago

    Never profits. Must be revenue.

    Companies have ways of looking like they don’t make a profit, especially when it comes to filing taxes.

    “Oh, we created a subsidiary in Ireland and, gosh darn, they charged us a gagillion dollars for this pen. We actually have a loss this year.”

    Beat

    “Stimulus please!”

    • lennivelkant@discuss.tchncs.de
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      4 months ago

      I believe that is why people made such a fuss about the GDPR allowing courts to slap companies for up to 4% of their worldwide annual revenue. Whether or not that full extent is ever brought to bear against particularly megacorps is a different question, but at least medium-sized companies will probably avoid repeat offenses. I don’t know how Meta felt about the 1.2 billion ticket either, but I can’t imagine they just shrugged it off as normal business expenses.