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Jim Sterling: Activision pays zero taxes, gets refund anyways
- Thread starter Baccus
- Start date
OP
OP
But he's just the messenger here? The important part are the news.
It'd be like having a Jason Schreier thread.
If we're not getting one dedicated thread for, say, any news related by anything racist said by some random asshole I don't see why Jim can't have his own thread when there's something new to talk about.
We can't have all that we want.
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New news, new thread. You shouldn't have clicked it if you hate the guy. However this particular issue isn't just Activision Blizzard. This is a serious flaw in the u.s. tax system that many, many companies take advantage of. It sucks. I hate taxes and I particularly hate that as the little guy there's nothing I can do about it.
I can't think about shit like this too much or it just makes me want to die. It shouldn't be allowed. It's disgusting.
Fuck Bobby Kotick.
Go and give him a thumbs down to the video while you are it.
Bobby Kotick? more like Yoshi Kotick! Am I right, gamers?
Trickle down economics working as intended, as the Billionaires piss all over the rest of us.
Trickle down economics working as intended, as the Billionaires piss all over the rest of us.
you can filter threads based on keywords i think
just make "jim" "sterling" and "jimquisition" into keywords on your ignore filter if he bothers you that much
I thought gaming companies couldn't make any money without microtransactions, now they can't even make money without evading taxes. Really makes you think.
I'm not sure I do. Having simple taxes, myself, I am not sure how tax havens work. I watched the video and heard a lot about Federal (USA?) taxes, but I am not sure how it is possible for someone to completely avoid paying taxes on hundreds of millions of dollars.
A company can claim they're doing business out of anywhere they want. Even if it's blatantly obvious what's really going on. They get to avoid paying the U.S.A. taxman by saying they aren't part of the U.S.A's system. Unless of course being part of the system makes them money or grants other benefits, then by all means they'll claim those offers!!! "That's what makes them smart! ".
These loop holes piss me off to no end.
This will explain it for you shell corporation
There are entire buildings of empty office space rented out because of stuff like this. It's also common practice among companies that buy out/sue/squat over patents.
Probably no. The point of tax heaves is to avoid paying as much as possible, so they do pay, but at an extremely low rate.
this article goes into detail about how exactly the system works in the Netherlands
https://thecorrespondent.com/6942/b...choice-for-us-companies/417639737658-b85252de
(its a p long article)
As I understand whole situation US ław tells Activision should pay tax in Netherlands (Dutch Activision "owns" IP rights and thus profits) and Netherlands ław says Activision should pay tax in US. So they pay in neither country.
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Can't wait for corporate stans to come in and defend MTX systems as a way to make revenue to keep companies like these afloat.
Best thing Jim has used his platform to educate people on in quite some time.
I wonder how much traction this gains or outrage it generates compared to what virtual storefront a game debuts on or women being put in a war game.
I wonder how much traction this gains or outrage it generates compared to what virtual storefront a game debuts on or women being put in a war game.
This pisses me off so hard. All those employees got laid off- meanwhile Act/Blizz had record profits and paid $0 taxes. This is just too awful to be true
Zero. This practice has been going on for quite some time by American companies. Even Apple does it.
Shareholders eat first and they are hungrier every year.
We should all probably give them our first born children as thralls so they can keep making games.
It's only fair.
On another note, threadwhining like a little baby in a Jim Sterling thread should not be a warning by now but a straight up week ban or something. No one's forcing you to enter a thread. Any thread. FOH with the same shit every time. Grow up.
Sekiro is the last game I buy from them. They've crossed the line, like 20 times over.
Blame Trump and the GOP, and their tax cuts which have pushed federal deficits to all-time highs. Here's the report:
https://itep.org/wp-content/uploads...ce-Remains-Rampant-Under-New-Tax-Law_ITEP.pdf
Other companies in the list paying no US federal taxes include Amazon, Chevron, Delta, Halliburton, Honeywell, IBM, Netflix, and many more.
I often hear about evil Activision laying off people despite record revenue etc., but I rarely see it mentioned that this years numbers will be far below last years, or that Blizzard's revenue this year is going to be a multi-year low.
https://itep.org/wp-content/uploads...ce-Remains-Rampant-Under-New-Tax-Law_ITEP.pdf
Other companies in the list paying no US federal taxes include Amazon, Chevron, Delta, Halliburton, Honeywell, IBM, Netflix, and many more.
I often hear about evil Activision laying off people despite record revenue etc., but I rarely see it mentioned that this years numbers will be far below last years, or that Blizzard's revenue this year is going to be a multi-year low.
uhhhh this has been going on for far longer than you or i have been alive bud
Every time I see someone fight against people who want better wages, better healthcare, better anything I point them to stuff like this where the people making millions are getting rewarded for skipping the rules everyone else has to play by. It's just disgusting at this point.
This is not Activisions fault - they are legally obliged to minimize their tax bill.
Blame the tax legislation that makes this possible.
Blame the tax legislation that makes this possible.