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the_fart_king_farts t1_jbeca4x wrote

Reply to comment by HopefullyFunny69 in [OC] NVIDIA's FY22 income statement by giteam

Wait till you hear about how Ireland uses this to fuck over every other country in the EU.

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Obvious_Chapter2082 t1_jbesgvv wrote

Nvidia’s situation has nothing to do with Ireland though

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the_fart_king_farts t1_jbeu641 wrote

I guess; every company does this. My point was that it isn't only them doing horrible things.

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Cakeking7878 t1_jbh3f62 wrote

Yeah here in the ol’ US of A, it’s Delaware, not Ireland

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Obvious_Chapter2082 t1_jbh46g2 wrote

Eh, it doesn’t really have to do with Delaware either, that’s mainly for legal reasons anyways

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Cakeking7878 t1_jbh9vjb wrote

If your not aware, Delaware is a tax haven. One address in deleware has a few hundred thousand odd companies are registered at it

A video on it as well

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Obvious_Chapter2082 t1_jbhazs9 wrote

Most companies incorporate in Delaware for the ease of it and the legal protection, since they have a chancery court for corps

It can help tax-wise, but only with state taxes. And enough states have combined reporting laws at this point that the benefit is pretty thin anyways

In either case, Nvidia’s state taxes here are a very negligible portion of their tax expense

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