according to bloomberg news major us banks shaved about twenty one billion from their tax bills last year almost double the i.r.s. as annual budget and while the brakes set up a gusher of payouts to shareholders the firms cut thousands of jobs and saw their lending growth slowed down so today my friends i think it s time we net flix and chill america s corporate tax system as we start watching the hawks. this week. to see. what it s like you know that i got. this. welcome. rwanda was. a robot and on top of the wallace. and the bomber. so monstrous amount of money that they made a million dollars and didn t have to pay a single bomb in taxes though per little. you can go toward to move them back and i mean i m sure they re paid sometimes they just amount to pay more in. zero. zero. credible really. no no it is. well when you look at it this is they are so according the twenty seven to see and that s the i t e p report that not flix is is one of the one hundred most is one of t
this week. as. to. what it s like you know that i got. with. the. welcomer on the watching the hawks i am a robot and i m top of the law and. the bomber. acts as a monstrous amount of money that they made eight hundred some million dollars and not didn t have to pay a single dime in taxes though apparently they you know epic iranians even got twenty two million back and i mean i m sure they paid sometimes they just enough to pay more and. zero. zero. credible really. no. well when you look at those as they are so according the twenty seven that s the i-t. e. p. report that netflix is is one of the one hundred most is one of the one hundred most profitable fortune five hundred companies so it s not as if it doesn t do this because it clearly made it so they paid zero percent federal income tax rate. and at least one profitable year between two thousand and twenty fifteen actually if you look at the report according to the icy. mix paid an average tax rate if it literally pains
we paid more for our netflix subscriptions the netflix paid in taxes all of last year. what it sees even harder than a jessica jones kicked to the gut is that netflix didn t even have to cheat or break the law to do this because in all of the you because in all of the u.s. congress and president trumps hayes to reform the tax code last year and lower corporate taxes from thirty five percent to twenty one percent they accidently purpose left in place the legal loopholes and special tax breaks that allow a corporate giant lead net like netflix to pay no taxes and get a rebate but it wasn t just hip streaming services getting in on the game nunu according to bloomberg news major us banks shaved about twenty one billion from their tax bills last year almost double the i.r.s. as annual budget and while the brakes set up. gusher of payouts to shareholders the firms cut thousands of jobs and saw their lending growth slowed down so today my friends i think it s time we net flix and c
profit in two thousand and eighteen a whopping eight hundred forty five million dollars on which netflix didn t pay a dime in federal or state income taxes. not a dime. gardner goes on to point out that netflix had such an epic year that they actually reported a twenty two million federal income tax rebate instead that means my prendes that we paid more for our netflix subscriptions the netflix paid in taxes all of last year. what hits even harder than a jessica jones kick to the gut is that netflix didn t even have to cheat or break the law to do this because in all of the you can because in all of the u.s. congress and president trumps hayes to reform the tax code last year and lower corporate taxes from thirty five percent to twenty one percent they accidently purpose left in place the legal loopholes and special tax breaks that allow a corporate giant lead that like netflix to pay no taxes and get a rebate but it wasn t just hip streaming services getting in on the game n
a signal of warming relations between washington and. i m joining with the sports and its first bloods to the houston astros against the boston red sox as the defending champions win game one in the race to reach baseball s world series. so twelve days now since the journalist jamal khashoggi disappeared in turkish investigators still haven t been allowed to enter the saudi consulate in istanbul where he was last seen and so the international pressure is mounting on the stock market the saudi stock market fell sharply when trading opened on sunday media and business leaders have pulled out of an investment conference in riyadh later this month and the u.s. treasury secretary said to be reconsidering his attendance on the day after he said he planned to go remember the saudis deny plotting to kill khashoggi and say he left the consulate but the u.s. president says the kingdom will face and that s a quote severe punishment if it is found responsible for a murder in a media inte