Submitted by giteam t3_11lsrt1 in dataisbeautiful
Obvious_Chapter2082 t1_jbesfa9 wrote
Reply to comment by HopefullyFunny69 in [OC] NVIDIA's FY22 income statement by giteam
Go look at their 10-K, they paid around $2 billion, or a 50% tax rate. The reason their income tax expense is negative is due to R&D getting capitalized this year, so they get a large deferred foreign benefit, but that doesn’t reduce the actual tax they owe
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