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Groupon, Inc. Message Board

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  • stockplaza555 stockplaza555 Feb 8, 2012 8:57 PM Flag

    One time 1600% Tax Rate?. What's that?

    Bump -
    Upon close look, removing the one time 1600% international tax expense, did GRPN actually made EPS of 5 cents profit?

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    • that tax reeks of manipulation, the argument you are making is what they want you to do to attempt to rationalize a long position. High on Hopium!

      Of course next quarter the excuse will be that on a seasonal basis, Q1 is always slow! And so on and so forth with excuses (that CC was pathetic man, sounded like HS teenagers).

      Disclosure: Long a Straddle

      • 1 Reply to smilingwolfcapitalmgmt
      • Got it!.

        Does this mean they are committing an accounting fraud and actually did not incur the UNUSUAL tax expense of $34.8 million - what was said about that expense in the conference call?

        "
        The pro-forma loss of $0.02 per share includes $34.8 million of tax expense, an effective tax rate of approximately 1,600%, related to profitability in certain international countries as well as additional income tax provisions related to the establishment of the company’s international headquarters in Switzerland. This resulted in an unusually high effective tax rate as compared to the company’s current average statutory rate of approximately 33%.
        "

 
GRPN
4.4902+0.2102(+4.91%)1:40 PMEDT