It’s not just patents, Google to get tax benefits from Moto deal
It is not just the hoard of telecom related patents that Google is getting from Motorola deal, company is also expected to gain unusual stable of tax and accounting benefits, reported Reuters today.
According to the wire service, search engine giant can expect to reap $700 million a year in tax deductions and even from the future profits through 2019.
Google also will be able to immediately reduce its taxes by $1 billion due to Motorola Mobility’s U.S. net operating loss, and by a further $700 million due to its foreign operating loss, Robert Willens, a New York accounting and tax expert told Reuters.
You can read the full report at Reuters along with all the nitty-gritties.