3 ms·

Might be time for a gross revenue tax for companies pulling in more than $B

• clairity 6y ago
  yes, and instead, it should be a smooth function on size to avoid discontinuities (like the $1B threshold) that encourage exploitation.
• thehappypm 6y ago
  Corps would find a way around it. They always do. Maybe Netflix could spin off one of its studios into a $999M business, of which Netflix conveniently owns a 51% stake in.
  • browningstreet 6y ago
    > Netflix annual revenue for 2020 was $24.996B, a 24.01% increase from 2019. Would they go to the trouble of making themselves 25 different companies? There might be a way for lawmakers to figure this out... -- https://www.macrotrends.net/stocks/charts/NFLX/netflix/revenue https://www.macrotrends.net/stocks/charts/NFLX/netflix/reven...
    • thehappypm 6y ago
      Even splitting off 1 company, and shielding that $999M in revenue from the higher tax burden, would make sense for Netflix.
      • browningstreet 6y ago
        Versus paying $0 on the whole. Fine, I'll take it.