Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by briandear on Wednesday February 06, 2019 @12:28PM
(#19097339)
They have regulators. In the US they’re the IRS. And the regulations are being followed apparently.
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by jayko on Wednesday February 06, 2019 @12:05PM
(#19097020)
Regulators don't care about stopping it, they only care about lining up their pockets. You have a corrupt agent and then you expect another corrupt agent to do you justice.
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by shawnz on Wednesday February 06, 2019 @12:51PM
(#19097617)
> You have a corrupt agent and then you expect another corrupt agent to do you justice.
I don't expect anything. I am just saying that regulators are the only ones in a position to stop tax avoidance. Corporations might be corrupt or they might not, and it would have no impact on the issue either way. The corruption of regulators is the sole cause of tax avoidance, not the corruption of corporations. Even morally sound corporations are forced to use tax avoidance to be competitive, since it is legally permitted. If they don't, they will be outcompeted. Therefore whether or not a corporation is corrupt has no impact on whether it will use tax avoidance.
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by macspoofing on Wednesday February 06, 2019 @01:09PM
(#19097830)
You have evidence of Netflix paying-off corrupt IRS agent, right?
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by jayko on Thursday February 07, 2019 @04:01AM
(#19103971)
How is an IRS agent a regulator? IRS are just enforcers of regulation.
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in...
by macspoofing on Thursday February 07, 2019 @10:50AM
(#19105913)
I interpreted 'regulator' as IRS agent because the discussion is on Netflix tax bill and you talked about some corrupt agents ... but OK, an IRS agent isn't really a regulator ... kind of. The executive branch bureaucracy is tasked with enforcing existing laws (which includes regulating specific domains). Regardless, my actual point stands and you haven't answered that. More specifically 1) what is it that you're actually talking about and 2) do you actually evidence of any impropriety with respect to Netflix' tax bill? Because you are so sure about all those corrupt agents who lined their pockets in order to give Netflix a lighter tax burden.
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.