Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Yeah, that confusion is made clear by the earlier statement that he made `1/5` the profit.... he did not make $400 million, which is 1/5th of 2 billion. It says he made $37 million.


It’s easy to keep profits small when you pay a large “license fee” to your offshore parent company.


For so many years this was no problem for the western countrys, when this way came much money to us from africa and other poor places. The "license fee" thing is super old, it's propably the oldest way to "optimise" tax.




Consider applying for YC's Winter 2027 batch! Applications are open till November 2.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: