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

They "lost money" because they moved their profits to their subsidiaries abroad, where it is either not taxed, or taxed at much lower rates.


No, not in this case. They literally made no profit.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

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

Search: