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Blizzard paid $0 in US federal taxes in 2018
- Thread starter NattyBo
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This is a Trumpism. These corporations pay money to lobby the politicians to change the tax laws.
"I just take advantage of it to pay almost no taxes, blame the laws not me!" Nah it's both.
I could be wrong but acquisitions (buildings, teams, etc.) and investments often lead to tax cuts.
Did Actiblizz buy something significant in 2018?
One of our two political parties is vehemently opposed to doing so, and campaigns every 2/4/6 years on "Raising taxes kills jobs!" While fundamentally ignoring how these big companies actually spend their tax cuts/write offs.
If you're a public company that's not abusing the tax code as its written, you're not doing right by your shareholders.
Change the tax code, eliminate the loop holes, force business to play their fair share.
Change the tax code, eliminate the loop holes, force business to play their fair share.
Its not right, but you cant blame Blizzard for finding loopholes and using them to make more profit, i mean what would you expect management to do? Yo, so we can pay millions in taxes, or we do this which is completely legal and pay nothing ...
Blame your politicians and government. You would all do the same.
Blame your politicians and government. You would all do the same.
If you understand that the system has "serious, serious problems" and why people might rightfully criticize capitalism, then it shouldn't be a major leap to understand why someone might say "Fuck Capitalism", especially in a thread about a major corporation exploiting the law to avoid paying taxes.
If that's not enough of an answer, then maybe consider the fact that it is possible to directly benefit from a system you find deplorable and want changed, and that there is nothing strange about that.
Also "actively" participating is a bit funny to me, I wasn't aware that we get a choice?
Glad you agree with this person. Seriously I can blame Blizzard for paying less taxes than I do. That is not how a civilized society works. I would not do the same sorry.
I guess fuck the shareholders too then? They aren't more important than the majority of the American people who are getting screwed by this.
Shareholders are taxpayers too. You're not doing right by anyone when you abuse tax loopholes.
Yall are saying you cant blame them for exploiting a broken system
How about blaming them for directly influencing it to remain broken then
How about blaming them for directly influencing it to remain broken then
This only works if you put your "HQ" somewhere in a tax haven like the Rotterdam based ATVI CV.
https://thecorrespondent.com/6942/bermuda-guess-again-turns-out-holland-is-the-tax-haven-of-choice-for-us-companies/417639737658-b85252de said:
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But we need a very wealthy corporation to vote with money to influence our so called representatives to change this code. And this moral corporation will have to fight against the other corporations who will fight with their money against that goal. Darn Citizens United, it made such a mess, allowing these companies to openly bribe politicians with a lot of money, and even without it billionaire individuals like the Koch brothers, Bill Gates, Mr Facebook, etc. would donate for their own agendas. Money and politics.
People should remember these kinds of things next time these companies goes around touting their own horn about how much "good" they do.
I dunno. Its just crazy to me that companies be making billions upon billions of dollars, shit that an average human probably couldnt spend in their lifetime...and yet STILL go to GREAT lengths to find ways to KEEP the money and make MORE money. Like this shit aint gone be buried with you, you know that right?? What exactly is your old ass gonna do with all this money in your remaining lifetime??
Some will probably create generational wealth, but others its just like dawg....you WON already. You got ALL the money. What else do you possibly NEED???
Some will probably create generational wealth, but others its just like dawg....you WON already. You got ALL the money. What else do you possibly NEED???
You know what, there's that as well so I stand corrected. The lawmakers are the ones allowing this to happen but the companies spend a lot of money so that the lawmakers do that.
Difference is, Joe sixpack doesn't own an army of finance gurus and lawyers to bend the laws all over the planet and find loopholes in the deepest corners of the tax code. Joe sixpack doesn't own an army of lobbyists either.
Blame can definitely be put on these corporations too, they would breed children in an underwater colony in the middle of the ocean and lend them their shares till their 18, if that scheme would allow them to safe billions in taxes.
Also when they're claiming they need to put MTX in games because otherwise they couldn't afford to make them.
Wow this thread went liberal quick. You know those tax laws have incentives which benefit the employees? There are some that help 401k plans and such. Without these federal mandates, there would be no incentive to improve employee benefits. Play the corporations that receive these tax loopholes create more jobs by expanding their business with the extra funding. Closing these loopholes are not going to force you the money going to the executives to decrease, it will just come out of the funding for new growth, aka more employees.
So........ Which is it? Create jobs or slash jobs?
I mean, that's not what the tax break is used for: https://apnews.com/438fae12f9204b1fbd8e8b1985ae554f
Sure, but the bigger issue is that we need to change laws to close loopholes like this.
good thing the video game industry is renowned for taking care of its workers and giving great benefits.
I think there might've been a Jimquisition episode about this a few months ago. It was some Jim Sterling video at least, for sure. I guess it's a story worth repeating though. They're using the incompatible tax laws of the US and Netherlands to their advantage, as do many other big corporations. It's really unfortunate and unfair that such a thing is lawful.
notice the emphasis on growth for "new employees" in that diatribe not... i don't know, higher wages and quality of life.
Who do you think lobbies and donates to those politicians so the tax code is written that way?
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