I refer to my "Google's SOS to the SEC: The modern corporation and private property in the Third Millennium" (Jan. 29-Feb. 11, 2007, page 6). Google's recent filing of its annual report Form 10-K for 2006 permits me to update the chart that accompanied that article and was captioned, "Searching for tax savings: An overview of Google's tax accounting labyrinth for its stock compensation programs," so as to reflect the data for the entire year 2006, as well as for the fourth quarter. (The updated chart appears on page 8.)
Especially noteworthy is the negative income tax liability toted up by me for the final 2006 quarter in the amount of $99 million.
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