U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006 [View article]
What's so surprising? If payroll is a major expense, than the amount of income taxes that the employer collects and pays together with payroll taxes may easily be more than their profit. If a company is just a retailer with a small margin, they would collect more sales taxes and VAT than their profit also, especially in Europe.
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What's so surprising? If payroll is a major expense, than the amount of income taxes that the employer collects and pays together with payroll taxes may easily be more than their profit. If a company is just a retailer with a small margin, they would collect more sales taxes and VAT than their profit also, especially in Europe.
Nov 02 04:34 am
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All Comments by grishick »U.S. Oil Companies Paid, Collected More in Taxes Than They Made in Profits in 2006 [View article]