4 ms·

“This agreement should serve as a reminder to companies large and small that engaging in these deceptive marketing ploys is illegal.” I think he meant profitabl

“This agreement should serve as a reminder to companies large and small that engaging in these deceptive marketing ploys is illegal.” I think he meant profitable. From Intuit’s perspective this is like a court order to dump out the cup of coffee you bought. Forget the people who signed up from their ad, let’s add up the money the country has collectively spent (wasted) on CPAs, TurboTax, H&R Block, etc due to the complex income tax code Intuit and friends perpetually lobby to maintain. Intuit is a parasite on our society. Their newest strategy is to force businesses using QuickBooks into software subscriptions because we all know the logical rules for double entry bookkeeping are constantly in flux /s

drummer 5y ago
- azinman2 5y ago
  You cannot have a functional government without taxation.
  - drummer 5y ago
    Yes the mafia cannot exist without stealing. News at 11.
    - azinman2 5y ago
      It isn’t stealing to have a justice system, police, roads, schools, healthcare, trade, investment in things like the internet, a military, regulation around pharmaceuticals and foodstuffs, and a million other things that functional governments provide. Without the US government I literally wouldn’t be able to write this to you, both technologically as well as literacy-wise. There are plenty of failed governments out there where there effectively is none, and no taxation with a totally informal economy. I don’t see high immigration to any of these places.
- alar44 5y ago
  Cool, go live on an island and stopping using the infrastructure we all pay for or grow up and accept that we have shared infrastructure that needs to be maintained and paid for by everyone collectively.
  - sneak 5y ago
    - dwaltrip 5y ago
      You do realize the types of organizations that originally created the internet, right? Hint: It wasn’t private companies.
    - tedajax 5y ago
      The internet was literally started as a government research project paid for with taxes...
      - sneak 5y ago
        Yes. And then the modern internet we use today was built a different way.
        alimov 5y ago
        No. It was built on* publicly funded infrastructure and subsidies paid for by our taxes.
    - ineedasername 5y ago
      >"Somehow" Be more specific. We have it due to government funded projects and subsidies that built the infrastructure that let's people actually use the internet. Then of course there's the tax-funded programs that created the internet in the first place.
    - deleted 5y ago
      [deleted]
goldcd 5y ago
Fortunately there's an easy way to work out if the punishment is sufficent - Fiduciary duty will cause the replacement of the CEO and board if they made the wrong decision in fucking the population over and assuming their vast profits wouldn't easily cover any fine.
bun_at_work 5y ago
For context, Intuit's market cap at end of day today: $126.68B.
- maxerickson 5y ago
  Some cash flow measure is probably a better comparison (it will still only be days or a few weeks of those).
- Mathnerd314 5y ago
  The right comparison is yearly income - $2.062B. From the 10K, TurboTax and Mint are 37% of revenue. Mint is probably negligible, so the income from TurboTax is $0.67B a year or 5x the fine.
deleted 5y ago
[deleted]

drummer 5y ago

azinman2 5y ago
You cannot have a functional government without taxation.
- drummer 5y ago
  Yes the mafia cannot exist without stealing. News at 11.
  - azinman2 5y ago
    It isn’t stealing to have a justice system, police, roads, schools, healthcare, trade, investment in things like the internet, a military, regulation around pharmaceuticals and foodstuffs, and a million other things that functional governments provide. Without the US government I literally wouldn’t be able to write this to you, both technologically as well as literacy-wise. There are plenty of failed governments out there where there effectively is none, and no taxation with a totally informal economy. I don’t see high immigration to any of these places.
alar44 5y ago
Cool, go live on an island and stopping using the infrastructure we all pay for or grow up and accept that we have shared infrastructure that needs to be maintained and paid for by everyone collectively.
- sneak 5y ago
  - dwaltrip 5y ago
    You do realize the types of organizations that originally created the internet, right? Hint: It wasn’t private companies.
  - tedajax 5y ago
    The internet was literally started as a government research project paid for with taxes...
    - sneak 5y ago
      Yes. And then the modern internet we use today was built a different way.
      - alimov 5y ago
        No. It was built on* publicly funded infrastructure and subsidies paid for by our taxes.
  - ineedasername 5y ago
    >"Somehow" Be more specific. We have it due to government funded projects and subsidies that built the infrastructure that let's people actually use the internet. Then of course there's the tax-funded programs that created the internet in the first place.
  - deleted 5y ago
    [deleted]

goldcd 5y ago

Fortunately there's an easy way to work out if the punishment is sufficent - Fiduciary duty will cause the replacement of the CEO and board if they made the wrong decision in fucking the population over and assuming their vast profits wouldn't easily cover any fine.

bun_at_work 5y ago

For context, Intuit's market cap at end of day today: $126.68B.

maxerickson 5y ago
Some cash flow measure is probably a better comparison (it will still only be days or a few weeks of those).
Mathnerd314 5y ago
The right comparison is yearly income - $2.062B. From the 10K, TurboTax and Mint are 37% of revenue. Mint is probably negligible, so the income from TurboTax is $0.67B a year or 5x the fine.

deleted 5y ago

[deleted]