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> pays taxes on that $11.7B No company pays tax on revenue. Netflix profit is less than 10% of revenue.
by dingaling 8y ago
> pays taxes on that $11.7B
No company pays tax on revenue.
Netflix profit is less than 10% of revenue.
- EpicEng 8y agoTrue, though certainly its employees are paying taxes. Netflix reported a profit of $558.9 million on 2017 and is on Pace to blow that out of the water this year. You're saying none of that was taxable? I get that there are plenty of ways to avoid paying taxes on profits, but really, they paid _nothing_? It's all rather beside the point anyway. Saying that Netflix privdes no individual or societal benefit is just wrong.