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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 manquer on Wednesday February 06, 2019 @07:05PM (#19101577)
You pay the tax on your expenses even if you have zero income .

I am not talking about the tax you charge on your product and collect on behalf of the government. I am talking about the tax you pay for stuff you consume as a company.

While you may be able to offset some of the taxes you have paid already against what you collect from the customer like in Value Added Tax, you still pay those taxes on your consumption even if there are no customers.

[ Parent | on HN ]
Re:Netflix Posted Biggest-Ever Profit in 2018 and Paid $0 in... by skh on Wednesday February 06, 2019 @09:15PM (#19102340)
I defined the meaning of the phrase "businesses don't pay tax on expenses". My posts have only to do with the meaning I defined. My posts have nothing to do with what you are talking about.
[ Parent | on HN ]