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Comment by HugThem | Hacker News Reader
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HugThem
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Is that $5B fine deductable from taxes?
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formercoder
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It's on the income statement. So, generally, yes.
criddell
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That would make a $500 million dollar difference so in the end, it doesn't really matter.
djakjxnanjak
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I love it. Everyone’s claiming a $5 billion fine is insignificant, so there’s no room to argue the tax savings from writing it off is meaningful.
criddell
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I think it's true though. In part it's because the fine is small but the bigger part is their tax rate is absurdly low.
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