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Comment by deepsun | Hacker News Reader

I'm pretty sure Meta will drag the case in appeals for many years until the order becomes irrelevant. Cheaper than paying $942m.

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Why would dragging it on make the order irrelevant?

Keep dragging it until there isn't a Facebook any more for unrelated reasons

You think they'll shutdown FB?

Zuck has a finite lifespan.

Actually, it’s infinite because he’s really good at fighting now (and wears a cool chain). Kachow!

God willing.

While they wait decades for the court cases to resolve they can take the amount of money they were fined and invest it. They have so much money they wont even notice it and they'll have made a profit on the whole thing by the end of it.

One way is an appeal may cancel the order or reduce the amount.

Aand, Meta just announced they are going to appeal.

A corporation will shift the capital loss to a tax write off like any other firm.

The taxpayer just takes a dollar out of their pocket, and pays a dollar in tax revenue short fall. This fine changes nothing, punishes tax payers, and Meta will just lobby more politicians. =3

You have the right idea, but remember that tax rate is not 100%. So if a company gets a fine on X dollar, that reduces their surplus by X, and they pay e.g X*20% less in tax (if the tax rate is 20%).

I am sure they will figure something out in whatever jurisdictions they find advantageous. =3

LOL. Yes, let's do absolutely nothing, that always works well.

This fine also sets a precedent that some will follow. When New Mexico does it, ok, avoidable. If NY, California, etc start doing it, at some point there is no place left to run to.

Also, what's the "=3" supposed to mean?

wah!

It’s a cat face emoticon

I have no idea what it's supposed to add to the conversation...

Don't worry about it =3

I'm not afraid of you, catman!

Cuteness, sometimes a small trans identifier, sometimes an in-community joke or reference. Here I’m not exactly sure. But it’s not too far from UwU and similar

Sometimes I wonder if these comments are about lamenting the state of big corporations, about defending big corporations, [1] or about lamenting how fungible value exchange were even the Rule of Law can be reduced to an expense makes everyone except for conentrated wealth into losers.

[1] “They won this battle and the last one. But the other side has millions of soldiers. They will just replace them.”

>about defending big corporations

It is not personal opinion, but rather a fact of doing international large business.

Sometimes doing "something" means the political posture of appearing to do "anything popular" with the naive, and achieving nothing but the status quo within a year.

If our legal systems were serious... they would have split up the company, and Chapter 7 divisions that failed to fix problems the judge ordered addressed. =3

I know. My opinions are facts too.

Comedic, now watch META's ticker symbol remain boring over the next 2 years. =3

Corporations don’t ignore expenses just because they reduce taxable income.

>A corporation will shift the capital loss to a tax write off like any other firm.

The payment of fines for penalties from breaking civil or criminal laws is not deductible according to IRS tax rules : https://www.irs.gov/publications/p529#en_US_202012_publink10...

I suspect if they fail to figure out a way to socialize the losses (they won't), than the identical lost-revenue value will be deducted from nonvoting shareholder 401k investments.

People need to understand single jurisdictions are practically meaningless for large multinational corporations like Meta. =3

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