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Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value (arstechnica.com)

submitted 1 year ago by boem@lemmy.world to c/technology@lemmy.world

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[–] technicalogical@lemmy.world 5 points 11 months ago (1 children)

Can these measurements be used as losses to offset taxes?

[–] runeko@programming.dev 4 points 11 months ago (1 children)

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.

[–] SeaJ@lemm.ee 7 points 11 months ago (2 children)

They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.

[–] HiddenLayer5@lemmy.ml 3 points 11 months ago

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.

[–] runeko@programming.dev 2 points 11 months ago (1 children)

TIL, thanks

[–] SeaJ@lemm.ee 1 points 11 months ago

Regulatory capture is awesome, isn't it?