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Old 06-01-2021, 07:11 PM   #1
Leo656
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TMNT & Other Paramount Movies Allegedly Part Of Massive Tax Fraud

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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.
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Old 06-01-2021, 07:15 PM   #2
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Quote:
Originally Posted by Leo656 View Post
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.
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Old 06-01-2021, 07:17 PM   #3
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Holy SH*T, I never even knew that. Thanks, buddy!
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Old 06-01-2021, 07:41 PM   #4
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Interesting. I was just about to post this.

I feel like a major scandal is about to brew within the entertainment/media industry.
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Old 06-01-2021, 08:15 PM   #5
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CNBC covered this story. They are not labeling this as tax fraud, it seems more like a loophole they took advantage of.

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Old 06-04-2021, 06:21 AM   #6
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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.
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Old 06-10-2021, 04:36 AM   #7
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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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