this post was submitted on 02 Jan 2024
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Technology
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If the company's private, which means its stocks are not tradeable anymore, what's the point in measuring the company value at this point?
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?