politics

At this point, I just don’t even know what to say. The guy makes idiots look good.

How does one tax a movie…like raise ticket prices at movies, charge to be shown in the US? And what about movies that just go straight to streaming? I mean isn’t that kinda like trying to tax the internet at some point?

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Aviator, diver, Etherean, nexialist, PhD in aviation ∩ climate science | Host of /diving /ethfinance /eth-staker /geopolitics /science /singapore /thomas

Oh yeah that’s true, forget that technically there’s a whole distributorship process. Feels like we’re getting to the I don’t like your ideology so I’m going to tax/tariff/discourage it however I can. But like you said it’s super murky, like is it ok for US production companies to film overseas, the company just has to be incorporated in America? As usual such a complex issue boiled down to just a oh let’s do it statement haha.

Not a tax expert, but working with a few. Movies are like any other product. They are sold by overseas production companies to U.S. distributors who import them, incl. Netflix. That transaction can get tariffed just like any other.

Things get slightly murkier for U.S. production companies that make or buy part of the filming abroad. In this case I think the same materiality test applies at the border as every other product — is most of the value being added domestically or overseas, and the overseas component gets tariffed accordingly.

Not saying it’s a smart decision, just that it’s in principle enforceable