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

Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by a-priori on Wednesday February 06, 2019 @01:23PM (#19098008)

I don't know about American taxes, but at least in Canada individuals can do this for capital gains / losses.

If you have investments that produce losses one year, you can carry those losses forward to cancel out capital gains in following years and reduce your tax payable.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by lorenzhs on Wednesday February 06, 2019 @01:43PM (#19098237)

In Germany, if you have less taxable income than tax deductions, you can carry that loss forward, too. It's a rare case, though, but it can save you several thousand when pursuing a second degree.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by a-priori on Wednesday February 06, 2019 @02:42PM (#19098986)

Very interesting. This feels like one small baby step away from a negative income tax scheme where you'd receive that difference immediately, rather than having to wait until you make more income in a later year.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by el_cujo on Wednesday February 06, 2019 @01:43PM (#19098241)

This is how it works in America as well.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by MetalGuru on Wednesday February 06, 2019 @02:16PM (#19098663)

But the max per year is $3k, which is garbage.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by refurb on Wednesday February 06, 2019 @03:07PM (#19099289)

$3k max to offset other income. There is no limit to offset capital gains.

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Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by MetalGuru on Wednesday February 06, 2019 @03:57PM (#19099872)

Even when carried forward?

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