Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by kube-system on Monday April 05, 2021 @08:42AM
(#26698214)
Predictability is one of the biggest determining factors in economic stability. Places with a weak rule of law are typically not places that people consider well run.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by batch12 on Monday April 05, 2021 @08:31AM
(#26698116)
So it would be like a criminal trial and be swayed by emotion and presentation-- not the law. I would imagine companies would just move out of the country's jurisdiction, be founded elsewhere, or shut down. I think this would devolve into show trials led by fickle public opinion. Sounds like a bad idea.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by sokoloff on Monday April 05, 2021 @08:33AM
(#26698143)
That sounds sure to spur a lot of productive activity and long-term investing to support same.
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by throwaway9870 on Monday April 05, 2021 @09:54AM
(#26698993)
Nobody in their right mind would ever create a company in that environment. No bank would lend you money. Nobody would invest. Would you invest your life savings in a company when a random jury could just take it away?
Re:Netflix Made Record Profits in 2020, Paid a Tax Rate of L...
by Erlich_Bachman on Monday April 05, 2021 @09:14AM
(#26698484)
That is just a very terrible idea.
If the tax paid is found to be unfair by the jury, the company gets nationalised with no compensation to shareholders. The government could re-privatize it by auctioning it off again.