The Stock Market Is Not The Economy Thread II

[6souls]

https://news.yahoo.com/us-treasury-c...162855494.html

The report highlighted virtual currencies and cash as potential ways to hide income from the government.

The US Treasury Department is telling businesses to report on transactions of $10k or more of cryptocurrency. If not reported, they plan to treat it as tax evasion.

[Moss]

Yeah, I think the state should just take the L on this one.

They probably spend more admin money tracking down the fuck ups than just eating the loss, shit is stupid

Sent from my Pixel 2 using Tapatalk

[archibaldcrane]

What was your deal - what circumstance did you apply for PUA under?

[Sirious]

As a gig worker. Events, that obviously didn't happen all year. No weddings, no parties, no concerts, etc

And I took the bare minimum. ($160)

[Krandor]

Nvidia announced a 4 for 1 stock split.

Hoping it excessively spikes up as a result like Tesla did.

[6souls]

Amazon in Talks to Purchase MGM for $9B, Entire Catalogue Would be Added to Prime
https://variety.com/2021/digital/new...on-1234975168/

https://www.cnbc.com/2021/05/26/amaz...5-billion.html

Confirmed for $8.45B

Amazon said it hopes to leverage MGM’s storied filmmaking history and wide-ranging catalog of 4,000 films and 17,000 TV shows to help bolster Amazon Studios, its film and TV division.

“The real financial value behind this deal is the treasure trove of IP in the deep catalog that we plan to reimagine and develop together with MGM’s talented team,” said Mike Hopkins, senior vice president of Prime Video and Amazon Studios. “It’s very exciting and provides so many opportunities for high-quality storytelling.”

In a statement, MGM Chairman Kevin Ulrich said: “The opportunity to align MGM’s storied history with Amazon is an inspiring combination.”

[6souls]

https://www.cnbc.com/2021/05/26/jeff...on-july-5.html

Jeff Bezos to step down as CEO on July 5th. Andy Jassy of AWS to take over. Bezos will stay on as executive chairman of Amazon’s board.

[6souls]

406k new unemployment claims

[kuronosan]

5k away from retirement.

[6souls]

https://twitter.com/VICE/status/1399853279597715456

[Athas]

Pretty soon they're going to start screening that urine for performance enhancing drugs.

To make sure you're taking them.

[6souls]

https://screenrant.com/tmnt-paramoun...fraud-details/
https://www.nytimes.com/2021/06/01/b...ax-scheme.html

ViacomCBS discovered committing tax fraud.

ViacomCBS also has an international division to manage the international versions of the owned networks. Some of the company’s most notable franchises include SpongeBob, Star Trek, and Mission: Impossible, all of which have not been subject to corporate taxes despite their massive revenue. In 2016, a former Viacom executive sued after being fired for calling out the company’s tax avoidance, specifically in response to a plan to attribute the revenue from Teenage Mutant Ninja Turtles to the Netherlands. Though both parties settled, ViacomCBS continues to conduct tax practices that take advantage of international systems.

According to a study conducted by the Centre for Research on Multinational Corporations (via New York Times) ViacomCBS has avoided paying U.S. taxes on its entertainment properties by licensing the international rights through use of tax shelters and subsidiaries in Barbados, the Bahamas, Luxembourg, the Netherlands and Britain. The report was conducted in response to the company’s use of Dutch subsidiaries to take in television revenue.

Even before the 2019 merger, the two companies employed the tax system by moving foreign intellectual property rights outside the United States to take advantage of more favorable international rates. The key player in the scheme is the Netherlands, which allows some companies to pay just .8 percent of revenue from licensing international rights.

[archibaldcrane]

ADP jobs report looking mostly good, the April monthly report from BLS will come tomorrow.
https://twitter.com/jimsciutto/statu...50583128014860

[archibaldcrane]

Seems good

https://twitter.com/EconBerger/statu...48437390675970

[Boyiee]

Been unemployed since May 1st. Still haven't received any payments. Online system says I qualify and during my certification half the weeks say not payable at this time half say you'll receive a payment within 1 week. If it says not payable or you have not received any payments it says to call a reemployment center. When you call a reemployment center it says all operators are busy call back tomorrow.

We got a good system here.

[Day]

Have you considered getting a job ya bum

[Fondue]

all the call center workers are collecting that boosted unemployment smh

[thetruepandagod]

Been unemployed since May 1st. Still haven't received any payments. Online system says I qualify and during my certification half the weeks say not payable at this time half say you'll receive a payment within 1 week. If it says not payable or you have not received any payments it says to call a reemployment center. When you call a reemployment center it says all operators are busy call back tomorrow.

We got a good system here.

exact same

[6souls]

https://twitter.com/Variety/status/1402750607774134272

[6souls]

https://twitter.com/gamasutra/status...36075090239498