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View Full Version : Goldman Sachs pays 1% in taxes



Brother Power the Gong
12-18-2008, 08:19 AM
From Bloomberg:
Goldman Sachs Group Inc., which got $10 billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes worldwide for 2008 compared with $6 billion in 2007.

The company’s effective income tax rate dropped to 1 percent from 34.1 percent, New York-based Goldman Sachs said today in a statement. The firm reported a $2.3 billion profit for the year after paying $10.9 billion in employee compensation and benefits.

Obligatory note that more information can be obtained by clicking the link below:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aznONFlyupOI

Marc Lombardi
12-18-2008, 08:20 AM
Obligatory note that more information can be obtained by clicking the link below:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aznONFlyupOI
O-bah-ma! O-bah-ma! O-bah-ma!