“This agreement should serve as a reminder to companies large and small that engaging in these deceptive marketing ploys is illegal.” I think he meant profitable. From Intuit’s perspective this is like a court order to dump out the cup of coffee you bought.
Forget the people who signed up from their ad, let’s add up the money the country has collectively spent (wasted) on CPAs, TurboTax, H&R Block, etc due to the complex income tax code Intuit and friends perpetually lobby to maintain.
Intuit is a parasite on our society. Their newest strategy is to force businesses using QuickBooks into software subscriptions because we all know the logical rules for double entry bookkeeping are constantly in flux /s
The right comparison is yearly income - $2.062B. From the 10K, TurboTax and Mint are 37% of revenue. Mint is probably negligible, so the income from TurboTax is $0.67B a year or 5x the fine.
Fortunately there's an easy way to work out if the punishment is sufficent - Fiduciary duty will cause the replacement of the CEO and board if they made the wrong decision in fucking the population over and assuming their vast profits wouldn't easily cover any fine.
It isn’t stealing to have a justice system, police, roads, schools, healthcare, trade, investment in things like the internet, a military, regulation around pharmaceuticals and foodstuffs, and a million other things that functional governments provide. Without the US government I literally wouldn’t be able to write this to you, both technologically as well as literacy-wise.
There are plenty of failed governments out there where there effectively is none, and no taxation with a totally informal economy. I don’t see high immigration to any of these places.
Cool, go live on an island and stopping using the infrastructure we all pay for or grow up and accept that we have shared infrastructure that needs to be maintained and paid for by everyone collectively.
Be more specific. We have it due to government funded projects and subsidies that built the infrastructure that let's people actually use the internet. Then of course there's the tax-funded programs that created the internet in the first place.
Forget the people who signed up from their ad, let’s add up the money the country has collectively spent (wasted) on CPAs, TurboTax, H&R Block, etc due to the complex income tax code Intuit and friends perpetually lobby to maintain.
Intuit is a parasite on our society. Their newest strategy is to force businesses using QuickBooks into software subscriptions because we all know the logical rules for double entry bookkeeping are constantly in flux /s