Hacker News new | ask | show | jobs
by shanehoban 900 days ago
If the fines would impact profits in a significant way, the companies would just ensure they have no profit on paper going forward.
1 comments

I didn't know companies can just ensure they have no profit on paper. Why don't they do that now and not pay corporate taxes? Why is it dependent on fines?
No clue on your specific question.

However it is a known practice. Most Hollywood studios do it. That's why actors which claimed a percentage of profits of the movie would get $0.