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06-01-2021, 06:53 PM
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Join Date: Jan 09, 2001
Posts: 126,314
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ViacomCBS accused of using SpongeBob SquarePants and Star Trek to avoid paying taxes
https://www.nytimes.com/2021/06/01/b...ax-scheme.html
A study from the Centre for Research on Multinational Corporations found that much of the media giant's $30 billion in non-U.S. royalty revenue brought in by the company’s film and TV franchises has not been subject to corporate taxes. ViacomCBS disputed the findings, saying in a statement that the study was “deeply flawed and misleading” and that it “demonstrates a fundamental misunderstanding of U.S. tax law.” Centre for Research on Multinational Corporations is a nonprofit group funded in part by the Dutch Ministry of Foreign Affairs. |
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