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by d136o 1048 days ago
Perhaps a silly question: If there were previously no profits does that mean they had previously paid no taxes and now will?
2 comments
jy1 1048 days ago
They don't pay corporate income taxes without a profit but they still pay plenty of tax:

1. Sales Taxes 2. Payroll Taxes 3. Property Taxes etc

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skizm 1048 days ago
You can roll losses forward for 3 years I think. So they could not pay any taxes for the next 3 years depending on how much they make in profit. It is why Amazon wasn’t paying any taxes for a few years after they decided to start taking profits.
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