How has Oracle's tax strategy evolved since Q4 2022?

Oracle's tax strategy has shown fluctuations since Q4 2022, with a notable decrease in taxes paid in Q3 and Q4 2022 compared to the previous quarter. Here's a detailed analysis:

1. Significant Decrease in Taxes Paid in Q3 and Q4 2022:
   • The tax amount for the quarter ending Q3 2022 was $210 million, which is a substantial decrease from the $403 million paid in the previous quarter ending Q2 2022.
   • This decrease in taxes paid continued in the next quarter, with the tax amount for Q4 2022 being $45 million.
2. Comparison with Net Income:
   • The tax amount as a percentage of net income also decreased significantly. For instance, the tax rate was 0.17% for Q3 2022 and 0.02% for Q4 2022, indicating a substantial reduction in the tax burden during these quarters.

3. Overall Trend:
   • Before the decrease, there was a slight increase in taxes paid from Q2 2022 to Q3 2022, which might indicate a strategic adjustment in tax planning rather than a sustained trend.

Oracle's tax strategy appears to have evolved in response to various factors such as changes in its financial performance, market conditions, or tax regulations. The significant decrease in taxes paid since Q4 2022 could be due to a variety of reasons, including the company's optimization of its tax affairs or changes in the tax laws affecting its operations.