TMNT & Other Paramount Movies Allegedly Part Of Massive Tax Fraud

*Leo656* · 06-01-2021, 07:11 PM

Quote:

TMNT & Other Paramount Movies Allegedly Part Of Massive Tax Fraud
A new report says ViacomCBS’s Paramount Pictures has used an elaborate strategy to avoid paying U.S. taxes on its entertainment properties.

https://screenrant.com/tmnt-paramoun...fraud-details/

Lots of Legal-ese gobbeldygook in there. Long story short, "Big Corporation Cheats the Government; Grass Green, Water Wet." But I figured it's relevant because TMNT is specifically cited as part of Viacom's massive tax evasion scheme.

EDIT: Can a Mod please fix the spelling of "Paramount" in the thread title? Thanks in advance.

*Andrew NDB* · 06-01-2021, 07:15 PM

Quote:

Originally Posted by Leo656

https://screenrant.com/tmnt-paramoun...fraud-details/

Lots of Legal-ese gobbeldygook in there. Long story short, "Big Corporation Cheats the Government; Grass Green, Water Wet." But I figured it's relevant because TMNT is specifically cited as part of Viacom's massive tax evasion scheme.

EDIT: Can a Mod please fix the spelling of "Paramount" in the thread title? Thanks in advance.

You can. Just double click next to it.

*Leo656* · 06-01-2021, 07:17 PM

Holy SH*T, I never even knew that.

Thanks, buddy!

*Papenbrook* · 06-01-2021, 07:41 PM

Interesting. I was just about to post this.

I feel like a major scandal is about to brew within the entertainment/media industry.

*TigerClaw* · 06-01-2021, 08:15 PM

CNBC covered this story. They are not labeling this as tax fraud, it seems more like a loophole they took advantage of.

*oldmanwinters* · 06-04-2021, 06:21 AM

This just seemed appropriate to post here:

Funny, this seems like something that was more likely to have happened during the franchise's fledgling years when all the international licenses were a nebulous hodgepodge. One would think ViacomCBS would be savvy enough to get away with corruption and "tie up the loose ends" when necessary.

*Ninjinister* · 06-10-2021, 04:36 AM

I could have sworn this was all something a few years ago, like when the Paramount movies were actually contemporary? Or was that some other legal trouble with Viacom?

Anyway, what really is the threshold with a company before they're allowed to get away with not paying taxes? Is it at all consistent?

06-01-2021, 07:17 PM	#3
Leo656 The Franchise Join Date: Mar 2003 Location: nWo Country Posts: 26,814	Holy SHT, I never even knew that. Thanks, buddy! __________________ "I left some words quite far from here to be a short reminder... I laid them out in stone, in case they need to last forever..." "But hey... I'm not telling you anything that you don't already know."* nWo Tech: The Official Thread Poison of the Technodrome Forums https://www.youtube.com/channel/UCxr...awnHgDz1ceDcfA

06-01-2021, 08:15 PM	#5
TigerClaw Mutant Tiger Join Date: Sep 2002 Location: Hialeah, Florida, USA Posts: 13,252	CNBC covered this story. They are not labeling this as tax fraud, it seems more like a loophole they took advantage of. __________________

06-04-2021, 06:21 AM	#6
oldmanwinters Overlord Join Date: Feb 2004 Location: Between yesterday and tomorrow! Posts: 13,922	This just seemed appropriate to post here: Funny, this seems like something that was more likely to have happened during the franchise's fledgling years when all the international licenses were a nebulous hodgepodge. One would think ViacomCBS would be savvy enough to get away with corruption and "tie up the loose ends" when necessary. __________________ Experience the TMNT Fan Commentaries! Check out my TMNT fan comic, "Nothing to Fear"! View my sketch work! I'm selling some of my hard-to-find TMNT items!

06-10-2021, 04:36 AM	#7
Ninjinister 無問題 Join Date: Jan 2004 Location: Moesko Island, WA Posts: 14,209	I could have sworn this was all something a few years ago, like when the Paramount movies were actually contemporary? Or was that some other legal trouble with Viacom? Anyway, what really is the threshold with a company before they're allowed to get away with not paying taxes? Is it at all consistent? __________________

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06-01-2021, 07:41 PM	#4
Papenbrook Umm. Wait, ... WHAT?!! Join Date: Oct 2013 Location: No comment -_- ... Posts: 2,571	Interesting. I was just about to post this. I feel like a major scandal is about to brew within the entertainment/media industry.