boem@lemmy.world to Technology@lemmy.worldEnglish · 1 年前Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comexternal-linkmessage-square75fedilinkarrow-up1712arrow-down133cross-posted to: [email protected][email protected][email protected]
arrow-up1679arrow-down1external-linkSince Elon Musk’s Twitter purchase, firm reportedly lost 72% of its valuearstechnica.comboem@lemmy.world to Technology@lemmy.worldEnglish · 1 年前message-square75fedilinkcross-posted to: [email protected][email protected][email protected]
minus-squaretech@lemmy.worldlinkfedilinkEnglisharrow-up6arrow-down1·1 年前Can these measurements be used as losses to offset taxes?
minus-squareruneko@programming.devlinkfedilinkEnglisharrow-up4·1 年前Typically, losses in one year can be used to offset profits in following years, but not indefinitely… maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.
minus-squareSeaJ@lemm.eelinkfedilinkEnglisharrow-up7·1 年前They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
minus-squareHiddenLayer5@lemmy.mllinkfedilinkEnglisharrow-up3·1 年前Yup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.
Can these measurements be used as losses to offset taxes?
Typically, losses in one year can be used to offset profits in following years, but not indefinitely… maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.
They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.
Yup of course they fucking did. Can’t have corporations paying their fair shares after all, that’s a concept as ridiculous as cold fire.
TIL, thanks
Regulatory capture is awesome, isn’t it?