Comment by speleding

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.)