Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Activision Blizzard and a whole lot of taxes.

stayontargetstayontarget Member RarePosts: 6,508

Velika: City of Wheels: Among the mortal races, the humans were the only one that never built cities or great empires; a curse laid upon them by their creator, Gidd, forced them to wander as nomads for twenty centuries...

«1345

Comments

  • NorseGodNorseGod Member EpicPosts: 2,515
    *shrugs*
    I do my best to pay as little taxes as possible. Good for them, I guess.
    mrputtsOctagon7711Gyva02Caffynated
    To talk about games without the censorship, check out https://www.reddit.com/r/MMORPG/
  • MMOExposedMMOExposed Member RarePosts: 7,030
    THIS IS AMERICA!!

    image

  • some-clueless-guysome-clueless-guy Member UncommonPosts: 220
    Not that I was under any delusion that they were paying their dues before reading that, but now I question how they have balls to come out denouncing private WoW private servers as "unfair".
    XodicGdemami
  • XodicXodic Member EpicPosts: 1,052
    They didn't write the tax laws. As a business they would be remiss if they didn't use the loopholes also provided to their competition.
    mrputtsNorseGodMisterZebubDaranarSirAgravaineWaan
  • GutlardGutlard Member RarePosts: 985
    I wish regular citizens had half as many loopholes to use....

    Gut Out!
    MendelIselinrojoArcueid

    What, me worry?

  • mrputtsmrputts Member UncommonPosts: 273
    It's not like they are breaking the law. If they can get away with it legally then Ok. I do what I can to pay as little as possible.

    Ea is like a poo fingered midas ~ShakyMo

  • alkarionlogalkarionlog Member EpicPosts: 3,007
    getting loop holes to prevent state to steal from you is normal and everyone does, expecting people pay they "dues" just because you belive the state is there to protect and help you don't make this any more right
    NorseGodmoshra
    FOR HONOR, FOR FREEDOM.... and for some money.
  • SovrathSovrath Member LegendaryPosts: 27,659
    getting loop holes to prevent state to steal from you is normal and everyone does, expecting people pay they "dues" just because you belive the state is there to protect and help you don't make this any more right
    Well, taxes pay for things. Without taxes we wouldn't have a lot. Should taxes and tax laws be looked at? Sure.

    But I don't feel like living in a world where there are no roads or services or 'anything.'
    MendelKylerannatpickTorval



  • NorseGodNorseGod Member EpicPosts: 2,515
    edited August 2019
    Sovrath said:
    getting loop holes to prevent state to steal from you is normal and everyone does, expecting people pay they "dues" just because you belive the state is there to protect and help you don't make this any more right
    Well, taxes pay for things. Without taxes we wouldn't have a lot. Should taxes and tax laws be looked at? Sure.

    But I don't feel like living in a world where there are no roads or services or 'anything.'
    I don't care too much about "living in a world". I live in the US for a reason. And the Constitution only requires the Gov to do a very few things. ex. military, a navy to prevent piracy off our shores, etc.

    Here's some fun facts that some people may not be aware of:

    In the US, the central bank (Federal Reserve) is a privately owned bank. (I'll come back to this in a minute)

    Know which countries do not have a centralized bank? N. Korea, Iran, Iraq, Libya. Do those countries sound familiar?

    So, the way the tax system is setup:

    Corporate taxes pay for the military.

    Property taxes pay for emergency services and schools.

    Gasoline taxes pay for the roads.

    And in 1916, income taxes pay for the interest on the money borrowed by the US Gov from the Federal Reserve. We are paying interest on our own money!

    If the US Gov (or any country with a centralized bank), went back to controlling our money supply, we wouldn't have to pay a privately owned bank for our own money. There would not be a need for income taxes on workers.

    Bankers have been trying to control the money supply since this nations founding. 

    Some notable US Presidents in regards to centralized banks:

    Andrew Jackson - he won

    Woodrow Wilson - worked for the banks prior to taking office,  Federal Reserve Act 1913, (passed during Christmas Break when Congress went home and the bank lackeys stayed behind) even an outspoken Congressman was murdered fighting this.

    John Kennedy - murdered (checkout his speeches on the Federal Reserve and his Executive Orders).

    The history of banks trying to take over the money supply is vast, interesting, and plenty of WTF moments. 

    So, Activision/Blizzard legally used the law to avoid paying taxes. Good on them.

    Some may disagree that's a good thing, but to those same people, does the US military really need any more money? They are working well beyond the responsibilities outlined in the Constitution (world police, etc).

    With that said, if you don't like the tax laws, then change them (loopholes and exemptions are stupid). However, it's the worker paying income tax to service interest on borrowed money that's unnecessary here. Let's start efforts  there.

    SensaiGdemamiMendelIselinKyleranMaddog666Gyva02AlBQuirkyk61977WalkinGlenn
    To talk about games without the censorship, check out https://www.reddit.com/r/MMORPG/
  • kjempffkjempff Member RarePosts: 1,642
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    MisterZebubGdemamialkarionlogKyleranAlverantAlBQuirky
  • moshramoshra Member RarePosts: 326
    Sovrath said:
    getting loop holes to prevent state to steal from you is normal and everyone does, expecting people pay they "dues" just because you belive the state is there to protect and help you don't make this any more right
    Well, taxes pay for things. Without taxes we wouldn't have a lot. Should taxes and tax laws be looked at? Sure.

    But I don't feel like living in a world where there are no roads or services or 'anything.'
    Muh roads!
    Sovrath
  • MisterZebubMisterZebub Member LegendaryPosts: 3,584
    kjempff said:
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    While I agree, tax avoidance is not tax evasion. So until those laws are changed these companies are well within their legal rights to use these "loop holes" to their financial advantage. What personally galls me is the fact that quite a few people champion the idea of closing these loop holes, but at the same time don't utter a peep about these governments complete lack of ability to spend these tax revenues responsibly.
    alkarionlogmoshraNorseGod

    "You have kept me at your beck and call for fifteen years. I shall never again do what you demand of me. By every rule of single combat, from this moment your life belongs to me. Is that not correct? Then I shall simply declare you dead. In all of your dealings with me, you'll do me the courtesy to conduct yourself as a dead man. I have submitted to your notions of honor long enough. You will now submit to mine."

  • stayontargetstayontarget Member RarePosts: 6,508
    Just remember, whatever the amount they don't pay gets passed down to the masses.  One way or another someone will have to pay for it all.

    Velika: City of Wheels: Among the mortal races, the humans were the only one that never built cities or great empires; a curse laid upon them by their creator, Gidd, forced them to wander as nomads for twenty centuries...

  • laseritlaserit Member LegendaryPosts: 6,211
    Take this from someone who pays more tax in one year than the everyday working man will pay in a lifetime.

    The less that these companies pay in taxes using loopholes and offshore tax havens the more YOU will pay in taxes.
    SovrathGdemamiIselingervaise1KyleranAlverantNorseGodGyva02AlBQuirky

    "Be water my friend" - Bruce Lee

  • SovrathSovrath Member LegendaryPosts: 27,659
    kjempff said:
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    While I agree, tax avoidance is not tax evasion. So until those laws are changed these companies are well within their legal rights to use these "loop holes" to their financial advantage. What personally galls me is the fact that quite a few people champion the idea of closing these loop holes, but at the same time don't utter a peep about these governments complete lack of ability to spend these tax revenues responsibly.
    Well, there will always be debate as to what is spending responsibly. Oh sure, there are some exceptionally egregious errors in judgment but then you get some people who believe that taxes should be used for certain things and others thinking those "certain things" should not be paid for with taxes.

    It's just an eternal back and forth.


    KyleranAlBQuirky



  • AmatheAmathe Member LegendaryPosts: 6,398
    edited August 2019
    One thing to keep in mind about American taxes. Tax exemptions are not giveaways. It is Congress influencing people and companies to behave in some way that Congress wants them to behave.

    To illustrate, take honey bees. We don't have enough of them. That is a big problem because they are needed for pollination of crops. 

    Congress could spend a ton of taxpayer money making bee farms.

    Or it could pass legislation making certain people and companies have to operate bee farms as a condition to something or other. Want to operate a wind turbine? First show you have a bee farm.

    But more often - lots more often - Congress entices people to voluntarily do things at their own expense by offering a tax exemption, such as the exemption you get for bee farms!

    For Activision to get that much tax exemption, it would have to dance like no one is watching, behaving in ways that Congress finds desirable (for whatever reasons).

    That doesn't explain everything in the article, but it's part of it. You don't get tax exemptions by accident. 






    EQ1, EQ2, SWG, SWTOR, GW, GW2 CoH, CoV, FFXI, WoW, CO, War,TSW and a slew of free trials and beta tests

  • DrunkWolfDrunkWolf Member RarePosts: 1,639
    Look how much amazon makes and they pay zero taxes.
  • PhryPhry Member LegendaryPosts: 11,004
    DrunkWolf said:
    Look how much amazon makes and they pay zero taxes.
    True just look at how much Disney makes and they .. oh wait.. nvm :p
  • IselinIselin Member LegendaryPosts: 13,293
    laserit said:
    Take this from someone who pays more tax in one year than the everyday working man will pay in a lifetime.

    The less that these companies pay in taxes using loopholes and offshore tax havens the more YOU will pay in taxes.
    There was a famous Canadian politician, as you know @laserit , who coined the phrase "Corporate Welfare Bums." The rest of us are all subsidizing these bums with our taxes.
    Alverant
    “Microtransactions? In a single player role-playing game? Are you nuts?” 
    ― CD PROJEKT RED
  • PemminPemmin Member UncommonPosts: 622
    Sovrath said:
    kjempff said:
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    While I agree, tax avoidance is not tax evasion. So until those laws are changed these companies are well within their legal rights to use these "loop holes" to their financial advantage. What personally galls me is the fact that quite a few people champion the idea of closing these loop holes, but at the same time don't utter a peep about these governments complete lack of ability to spend these tax revenues responsibly.
    Well, there will always be debate as to what is spending responsibly. Oh sure, there are some exceptionally egregious errors in judgment but then you get some people who believe that taxes should be used for certain things and others thinking those "certain things" should not be paid for with taxes.

    It's just an eternal back and forth.

    The eternal back and forth is fine...its why we have a legislative branch. The problem is that money allotted for specific things just disappears into the bureaucratic machine without ever reaching its intended goal. That and policies being passed without of a source of funding cannibalizing tax payer money intended for other things. The problem is usually not on what its being spent on but how its being spent.  Why would I want to give the giant inefficient bureaucracy more of my money? at least with private companies they have efficient spending and balanced budgets. 
    MisterZebubmoshraAlBQuirky
  • PhryPhry Member LegendaryPosts: 11,004
    Pemmin said:
    Sovrath said:
    kjempff said:
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    While I agree, tax avoidance is not tax evasion. So until those laws are changed these companies are well within their legal rights to use these "loop holes" to their financial advantage. What personally galls me is the fact that quite a few people champion the idea of closing these loop holes, but at the same time don't utter a peep about these governments complete lack of ability to spend these tax revenues responsibly.
    Well, there will always be debate as to what is spending responsibly. Oh sure, there are some exceptionally egregious errors in judgment but then you get some people who believe that taxes should be used for certain things and others thinking those "certain things" should not be paid for with taxes.

    It's just an eternal back and forth.

    The eternal back and forth is fine...its why we have a legislative branch. The problem is that money allotted for specific things just disappears into the bureaucratic machine without ever reaching its intended goal. That and policies being passed without of a source of funding cannibalizing tax payer money intended for other things. The problem is usually not on what its being spent on but how its being spent.  Why would I want to give the giant inefficient bureaucracy more of my money? at least with private companies they have efficient spending and balanced budgets. 
    Sounds a lot like the EU, and they haven't had their accounts signed off on for  how long now?  Never understimate the level of government corruption when it comes to money. :/
    AlBQuirky
  • alkarionlogalkarionlog Member EpicPosts: 3,007
    kjempff said:
    "The case of Activision Blizzard is just another example demonstrating the need for governments to introduce more effective measures to deal with royalty-based tax avoidance schemes."
    Tax avoidance is one of the side effects of the broken state of our current branch of capitalism.
    While I agree, tax avoidance is not tax evasion. So until those laws are changed these companies are well within their legal rights to use these "loop holes" to their financial advantage. What personally galls me is the fact that quite a few people champion the idea of closing these loop holes, but at the same time don't utter a peep about these governments complete lack of ability to spend these tax revenues responsibly.

    with I tells you more, if most then half of out tax was not spend keeping the fat politician wellfed, then maybe we could come to a middle ground, but what I see is people without kids paying for other people kids, people without cars paying for others cars, and working people paying for lazy fucks who don't want to work
    GdemamiKyleranIselinNorseGodAlBQuirky
    FOR HONOR, FOR FREEDOM.... and for some money.
  • NibsNibs Member UncommonPosts: 287
    Unfortunately it is a legal requirement for all directors of a company to always act in the best interest of the business and the shareholders. It could therefore be argued that not taking full advantage of tax loopholes would be a crime...
    NorseGod
  • alkarionlogalkarionlog Member EpicPosts: 3,007
    activision/blizzard hates capitalism and complains about it all the time

    activision loves to make use of capitalism and makes ton of money from it

    Hm....
    ah no, that is common with socialists, they want to everyone to work together, but they are more equal then others so they deserve a bigger share, that is what goverments love to do, and they minions, less brights and miserables, they love to spill they want social jsutice and such, but most they just want the people they envy for they work to be in the same miserable lvl, so they work for that
    kenguru23BaalzharonIselinNorseGod
    FOR HONOR, FOR FREEDOM.... and for some money.
Sign In or Register to comment.