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back to article Google prints money for Alphabet to stuff into Uncle Sam's pockets: $10bn blow from Donald Trump's tax shakeup

Google-parent Alphabet suffered a $3bn loss of the final quarter of 2017 after handing over $9.9bn to Uncle Sam due changes in the US tax system. Despite that hit, Alphabet is still very profitable [PDF] as you'd expect for a biz with near monopolies in ads, search and mobile phone operating systems: it would have banked $6. …

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  1. Anonymous Coward
    Boffin

    Doh!

    The Donald reduced corporate taxation to the level that Google, Apple etc. were OK in repatriating $Bs in overseas earnings!

    3 3 Reply
    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: Doh!

      Is that good or bad, and for whom?

      0 0 Reply
      1. Tigra 07
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        Thumb Up

        Re: John

        Good for everyone. The staff at these big companies are getting huge bonuses and more jobs will be created in the US. Disney alone is giving all their staff $1000 bonuses.

        1 1 Reply
        1. Anonymous Coward
          Reply Icon
          Anonymous Coward

          Re: John

          More jobs created in the US? It isn't like any of the companies with billions overseas were short on cash in the US if they wanted to hire more people here. The money coming back will retire debt and be returned to shareholders (you hope) or used for ill-advised acquisitions (you fear) Now that overseas earnings are from US taxes, it is actually an incentive to do more business overseas...

          A one-time $1000 bonus is not "huge" by anyone's definition, and after AT&T announced their $1000 bonus the next day they announced nearly a thousand layoffs in the US - yep, right before the holidays! So much for job creation.

          5 1 Reply
  2. Anonymous Coward
    Anonymous Coward

    We may mock the Orange one....

    but this does seem to be one thing he has gotten right, in terms of multi-nationals.

    Still I'm sure HMRC will come to some deal where they will get £32.65p for 10 years back taxes and claim it as a victory.

    3 0 Reply
  3. Anonymous Coward
    Anonymous Coward

    Google...

    The retail arm of the NSA

    4 0 Reply
  4. John Brown (no body) Silver badge
    WTF?

    What I find funny...

    ...is Google/Alphabet make billions, but come in a measly few 100 grand under their profit prediction and the share price falls. WTF?

    0 0 Reply
    1. Anonymous Coward
      Reply Icon
      Anonymous Coward

      Re: What I find funny...

      “share price falls. WTF?”

      It means what is obvious to you is also obvious to other shareholders, so the previous price already took that into account...

      0 0 Reply

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