Netflix

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Re: Netflix

Postby Roger Theloger » Sat Jan 18, 2014 8:15 pm

Do you watch anything with Jimmy Carr or Gary Barlow in?
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Re: Netflix

Postby Levied Troop » Sat Jan 18, 2014 9:23 pm

Actually no (apart from repeats of QI in the case of Jimmy Carr). But I turned down Gary Barlow on grounds of taste - is he a tax thief as well?

Fortunately you didn't ask me about Google.
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Re: Netflix

Postby Roger Theloger » Sat Jan 18, 2014 9:59 pm

Gary Barlow was reported in the press as being in the same scheme as Jimmy Carr at the same time. But Barlow donated to the Conservative party so wasn't singled out by Cameron. ;)
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Re: Netflix

Postby Duff » Sat Jan 18, 2014 10:32 pm

Dags wrote:You can also add completely fucking up small publishing in the UK to their 'crimes' :|


To be honest, I don't hold that against them, that's capitalism. My problem is with their tax avoidance and treatment of employees.
broney wrote:You weren't there man! How many stiles are there on the Offa's Dyke Walk? You don't know Man!


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Re: Netflix

Postby --- » Sat Jan 18, 2014 10:34 pm

You would if you'd worked in publishing :|
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Re: Netflix

Postby Citizen Sade » Sat Jan 18, 2014 11:20 pm

Duff wrote:To be honest, I don't hold that against them, that's capitalism. My problem is with their tax avoidance and treatment of employees.

Fair comment on their employment practices, but tax is paid on profit and Amazon doesn't turn one.

http://www.theguardian.com/commentisfree/2013/may/16/amazon-tax-avoidance-profits
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Re: Netflix

Postby Levied Troop » Sun Jan 19, 2014 9:44 am

If you believe that, I have an interesting offer on London Bridge you might be interested in. It'll look good in your back garden.
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Re: Netflix

Postby Citizen Sade » Sun Jan 19, 2014 10:17 am

Don't believe it? Look at their accounts and show me the profit then.

Here you go, check out the latest 10K:
http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-sec&control_selectgroup=Annual%20Filings
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Re: Netflix

Postby Levied Troop » Sun Jan 19, 2014 10:30 am

There are a lot of very clever people who go to great lengths to avoid showing taxable profit in company accounts, to making such profit disappear into intra company/group transactions and other schemes - there is no way we are going to get to the truth of most large corporation accounts in this forum, it takes many years of work to establish what the true position is.

Or, you're right and Amazon (and many other large corporations) are operating at a profit level well below their share price or are actively making a loss. In which case there's a financial crash of epic proportions just up the road.

Choose your preferred reality.
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Re: Netflix

Postby Citizen Sade » Sun Jan 19, 2014 11:49 am

And there are armies of state employees tasked with making sure that companies comply with the law. It seems that Amazon does so and pays little corporation tax because they make little profit. What then is your problem with their contribution?

Regarding your other preferred reality option, it appears that Amazon favours expansion over taxable profit. There's no shareholder revolt about this strategy so I assume that they live with it in the expectation of greater future profits.
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