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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 5
by 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 agoEven splitting off 1 company, and shielding that $999M in revenue from the higher tax burden, would make sense for Netflix.
- browningstreet 6y agoVersus paying $0 on the whole. Fine, I'll take it.