What impacted Netflix's income tax expense in Q2 2024?

Netflix's income tax expense for Q2 2024 was $366.55 million. The tax expense is impacted by various factors, including the company's revenue, profit, and the tax rates applicable to them. Here are some factors that could have impacted Netflix's income tax expense in Q2 2024: 1. **Global Operations**: Netflix operates in multiple countries, each with its own tax laws and rates. Changes in the tax laws of any of these countries or the implementation of new tax regulations could have impacted the company's tax expense. 2. **Profitability**: The company's profitability in Q2 2024, which is a direct determinant of the tax liability, could have influenced the tax expense. Higher profits generally lead to higher tax expenses. 3. **Investments and Expenditures**: The company's investments in new content, production facilities, and other assets may be tax-deductible, which could reduce the overall tax expense. 4. **Tax Incentives and Credits**: Netflix may be eligible for various tax incentives and credits, such as those for foreign production investments, which could reduce the company's tax burden. 5. **Legal and Regulatory Changes**: Changes in tax laws or regulations, such as the proposed tax on foreign digital services in the Philippines, could have impacted Netflix's tax expense if applicable to the company. In conclusion, Netflix's income tax expense in Q2 2024 was likely impacted by a combination of factors including its global operations, profitability, investments, tax incentives, and regulatory changes.