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by runarb 1047 days ago
> Fines like this are a nice little tax write off, just another business expense.

The fines seem to be leveled at Meta's local company in Norway. As I understand it, fines are not deductible in Norway.

(I am not an accountant, and my company has never gotten a find, but looking up this in the accounting system I use, it seems it is not deductible: https://kontohjelp.fiken.no/as/medMoms/7799?sok=7799 ( in Norwegian)).

2 comments

> fines are not deductible in Norway.

If a company tried I think it should be viewed as contempt of court. A company trying to get money back for which it was fined would basically be them thumbing their nose at the fine. Maybe that is why fines are not deductible.

See that’s the thing about being a global company: You can pay off the fines in one country as part of an expense for a branch in another, where it can then be deducted from taxes in that foreign country. So yea, fuck you courts.
There’s gotta be some financial engineering that ultimately results in deduction somehow.