this post was submitted on 31 Aug 2023
14 points (93.8% liked)

Hacker News

4123 readers
2 users here now

This community serves to share top posts on Hacker News with the wider fediverse.

Rules0. Keep it legal

  1. Keep it civil and SFW
  2. Keep it safe for members of marginalised groups

founded 2 years ago
MODERATORS
haxor@derp.foo
14
The great cancellation: why megabucks TV shows are vanishing without a trace (www.theguardian.com)
submitted 2 years ago by haxor@derp.foo to c/hackernews@derp.foo
3 comments fedilink hide all child comments
 

There is a discussion on Hacker News, but feel free to comment here as well.

you are viewing a single comment's thread
view the rest of the comments
[–] sin_free_for_00_days@sopuli.xyz 3 points 2 years ago

In May, Disney+ announced a content removal plan designed to cut US$1.5bn worth of content, meaning it substantially reduces the company’s value, giving it a lot less tax to pay.

Can someone who has a stronger grasp of corporate tax law explain this too me? They have the content, have paid for it, yet by not releasing it they get a tax break? That makes zero sense to my simple mind.