Live data from Hacker News

Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

itep.org

41–50 of 512 posts

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#41

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.

Companies also lobby heavily for these tax laws. The laws may be directly responsible, but big companies share some blame as well.

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#42
post #24

Why 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.

The consumer just cares about the final price. They won't distinguish a price increase caused by taxes from one caused by corpo decisions. So assuming Netflix set their current prices optimally, they will be have to keep them and take the hit.

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#43
post #35

Now 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.

They do pay their taxes. This is a problem with the tax code, not the company.

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#44
post #24

Why 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.

Basic econ theory shows that tax burdens are shared by consumer and producer, regardless of who legally pays.

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#46

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.

It's not that simple. Companies lobby to keep, even coerce, laws that benefit them and allow these sorts of things to happen. What is the common person, or collection of persons, supposed to do when they are against that kind of force? I believe one way is to actually be involved in politics and get into the seats that govern and make the laws. But it's easier said than done.

Re: Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes

#47

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.

> 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

#48

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.

If I spend a few million to get some lawyers to work out a legal loophole that means I can murder someone and get away with it that wouldn't make it OK to actually do it.

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

#49
post #35

Now 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.

> 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.

Post reply on HN