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If the administration wants to do something about this, three little words will do it: investigate hollywood accounting.

And then go after the amount lost in tax revenue.



Little to non is lost in tax revenue due to hollywood accounting; The money and taxes are accounted for in other entities.

It's just the reporting of anything other than gross (and contracts based on that reporting) is misleading.


The money and taxes are accounted for in other entities

Are those other entities all based in (and taxed in) the USA?


I have no knowledge; I suppose some are, some are not - yet, that's not illegal and not what Hollywood accounting is all about.

Apple, Microsoft, Google, Ikea and anyone else who can are all doing the same (google "Double Irish Sandwhich" for an example). I think it should be illegal, but apparently it isn't, and if Apple can do it, Hollywood can too.

Hollywood accounting is all about making sure that there is no direct profit booked, so that profit sharing (which they manage to sell even to people who should know better like Stan Lee) essentially become free labor/assets.




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