For a large company, tax rates and applicable credits can have a major impact on profitability. The expired research and development tax credit that Google lost shaved 2% off its profitability. For a company with billions in revenue and profits, 2% is not insubstantial. Proper tax planning and knowing your business's tax planning is a must.
wsjhttp://online.wsj.com/news/articles/SB10001424052702304626304579509523971197320?KEYWORDS=google+taxes&mg=reno64-wsj
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