[OC] NVIDIA's FY22 income statementSubmitted by giteam t3_11lsrt1 in dataisbeautiful
Cakeking7878 t1_jbh3f62 wrote
Reply to comment by Obvious_Chapter2082 in [OC] NVIDIA's FY22 income statement by giteam
Yeah here in the ol’ US of A, it’s Delaware, not Ireland
Obvious_Chapter2082 t1_jbh46g2 wrote
Eh, it doesn’t really have to do with Delaware either, that’s mainly for legal reasons anyways
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
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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