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Politics : Formerly About Advanced Micro Devices
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To: Petz who wrote (116759)6/20/2000 7:30:00 PM
From: chic_hearne  Read Replies (1) of 1573716
 
Re: Looking up the Q1 financial report, I just noticed that Intel reports earnings using a very low tax rate, for a profitable firm, of 18%. (AMD announced that they will use a 31% tax rate once tax loss credits are exhausted.) The explanation for this is that Intel only pays taxes on its REAL earnings not on the bogus earnings obtained by ignoring acquisition costs and the like.

Petz,

I won't be complaining if AMD can come up with some creative accounting and get the rate down to Intels.

chic
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