Profits = revenue - costs. Costs include depreciations and write offs of investments, and capital costs (what they pay to service debt), before you get to a taxable profit for accounting purposes. It's going to be many years before they pay taxes, if ever.
They do have to pay Value Added Tax on their sales in many countries (all of the EU), but not in most of the US. (The basis for Trump's claim that the EU is robbing the US. Sigh.)
> I'm a simple man, I just want these companies to pay taxes where they make money.
The folks who bankroll elections work tirelessly to insure this doesn't happen.
Especially when they make money off the free work of all the people who contributed to those training sets.
There really needs to be some kind of "commons tax" for that kind of thing.
Profits = revenue - costs. Costs include depreciations and write offs of investments, and capital costs (what they pay to service debt), before you get to a taxable profit for accounting purposes. It's going to be many years before they pay taxes, if ever.
They do have to pay Value Added Tax on their sales in many countries (all of the EU), but not in most of the US. (The basis for Trump's claim that the EU is robbing the US. Sigh.)