‘SpongeBob’ and ‘Transformers’ Cost U.S. Taxpayers $4 Billion, Study Says

A new report details ViacomCBS’s use of a labyrinthine tax shelter to sell rights to its shows and films overseas.


By Edmund Lee

Dismissed by critics and devoured by fans, “Transformers: Age of Extinction” was the top box office film in 2014, bringing in $1.1 billion, with more than three-quarters of those dollars coming from overseas.

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