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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

#21
post #4
post #2

Right, I'm going to unsubscribe at end of this years sub, I'm not subsidising this business through tax.

Where you able to read the post? I'm getting a DB connection error, guessing there's no cache.

I sent the article URL to Pocket, they seem to have it cached in their system.

I made a copy of that through 2read, here's the IPFS cached copy https://ipfs.io/ipfs/QmWAz8WZsufXPJFCWaneCt4QsvxiYumUQjZgpt2...

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

#22

Cached [1] Edit: For those unaware, in Chrome, you can type "cache:" before the URL in the address bar (not with the quotes of course) to get a cached version from Google. [1] http://webcache.googleusercontent.com/search?q=cache%3Ahttps...

Nitpick: You can do this in Firefox or any other browser, as well. It's the Google search engine that provides this functionality, not the browser.

Wasn't aware, thanks friend!

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

#23
(read the cached version) I'd like to see figures on how much of that $22 million was re-invested in the workforce and economies which surrounded Netflix's productions. Those figures would be key in any personal judgement call I'd make on the report.

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

#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.

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

#25

Cached [1] Edit: For those unaware, in Chrome, you can type "cache:" before the URL in the address bar (not with the quotes of course) to get a cached version from Google. [1] http://webcache.googleusercontent.com/search?q=cache%3Ahttps...

For DuckDuckGo users, simply use the !cache bang.

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

#26

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 most places in the US are segmented. My grocery tax is different than my gas tax is different than my alcohol tax is different than my iPhone tax.

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

#27
There is a lot of talk about increasing taxes on wealthy companies & individuals in the US as of late again. Whether that's a good or bad strategy I'm unsure.

Either way it seems that well paid accountants are easily winning the arms race on how to avoid taxes. I'm curious if a government can actually win that race.

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

#30
So they found/caught/exploited an opportunity to pay no taxes this year. Is it a permanent thing thanks to new tax laws? It's pretty easy to see that they have paid millions in income tax in previous years: https://www.marketwatch.com/investing/stock/nflx/financials
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