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A comment on Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in Income Taxes. Parent comment

Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by pathseeker on Wednesday February 06, 2019 @02:47PM (#19099054)
It is exactly how it works. Apple has been taxed on the profits that make up their giant cash balance. Once that is paid out to investors through dividends or to employees through payrolls, it will get taxed again.
[ Parent | on HN ]
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by throwaway190102 on Wednesday February 06, 2019 @04:40PM (#19100309)
You're right about dividends, but payroll comes out before profit calculations.
[ Parent | on HN ]