Rather than being outraged at the headline, what are the actual details? Why were they able to pay no taxes? Was it due to carried losses or something like that? Anyone mad at a company for not pay taxes is misdirecting their anger. Companies follow the law. If you don't like the law elect different politicians. Don't get mad at companies that follow the law.
Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
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Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#42Why not just increase sales tax? Or make sales tax sector by sector. Since they are almost a monopoly, it will come out of their own pocket mostly.
Sales tax is a tax to the consumer. I fail to see how that would affect Netflix at all.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#43Now here's a problem whose fixing would truly make the world a better place! Why is there no YC/SV initiative to help make tech companies freaking pay their goddamn taxes? Sounds easier than basic income experiments, robocars and going to Mars.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#44Why not just increase sales tax? Or make sales tax sector by sector. Since they are almost a monopoly, it will come out of their own pocket mostly.
Sales tax is a tax to the consumer. I fail to see how that would affect Netflix at all.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#45Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#46Rather than being outraged at the headline, what are the actual details? Why were they able to pay no taxes? Was it due to carried losses or something like that? Anyone mad at a company for not pay taxes is misdirecting their anger. Companies follow the law. If you don't like the law elect different politicians. Don't get mad at companies that follow the law.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#47Rather than being outraged at the headline, what are the actual details? Why were they able to pay no taxes? Was it due to carried losses or something like that? Anyone mad at a company for not pay taxes is misdirecting their anger. Companies follow the law. If you don't like the law elect different politicians. Don't get mad at companies that follow the law.
Agreed. Are they supposed to purposely waste their shareholders money to take a moral stance against tax avoidance? When it's something that any corporation can do, then they have no choice but to do it to stay competitive. Regulators are the only ones in a position to stop it.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#48Rather than being outraged at the headline, what are the actual details? Why were they able to pay no taxes? Was it due to carried losses or something like that? Anyone mad at a company for not pay taxes is misdirecting their anger. Companies follow the law. If you don't like the law elect different politicians. Don't get mad at companies that follow the law.
The same applies to tax avoidance. It might be legal but it's still wrong.
Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes
#49Now here's a problem whose fixing would truly make the world a better place! Why is there no YC/SV initiative to help make tech companies freaking pay their goddamn taxes? Sounds easier than basic income experiments, robocars and going to Mars.
I genuinely wonder which is harder. One is a problem of politics and capitalism, the others are largely technical hurdles and one where you're giving away money instead of trying to take it from giant corporations with armies of lawyers.