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>A corporation will shift the capital loss to a tax write off like any other firm. The payment of fines for penalties from breaking civil or criminal laws is n
by jasode 1mo ago
>A corporation will shift the capital loss to a tax write off like any other firm.
The payment of fines for penalties from breaking civil or criminal laws is not deductible according to IRS tax rules : https://www.irs.gov/publications/p529#en_US_202012_publink10008827 https://www.irs.gov/publications/p529#en_US_202012_publink10...
- neonstatic 1mo ago[flagged]
- ourmandave 1mo agopssst, we don't hate corporations and billionaires. We hate organizations and people that knowingly harm children for profit.
- yunwal 1mo agoI hate billionaires! Ok, maybe a few of them are fine people who have too much money, but the vast majority of them are in their position because they were willing to siphon money from lower classes using unethical means. Of all of the competitive advantages you can claim, the "no moral scruples" one is the most persistent.
- Joel_Mckay 1mo agoI suspect if they fail to figure out a way to socialize the losses (they won't), than the identical lost-revenue value will be deducted from nonvoting shareholder 401k investments. People need to understand single jurisdictions are practically meaningless for large multinational corporations like Meta. =3