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

submitted 10 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] technicalogical@lemmy.world 5 points 10 months ago (1 children)

Can these measurements be used as losses to offset taxes?

[–] runeko@programming.dev 4 points 10 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 10 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 10 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 10 months ago (1 children)

TIL, thanks

[–] SeaJ@lemm.ee 1 points 10 months ago

Regulatory capture is awesome, isn't it?