Re:Yahoo Triples Estimate of Breached Accounts to 3B
by IncRnd on Wednesday October 04, 2017 @12:23AM
(#15398241)
> Indirectly, they are. Governments don't let you blow all your profits on assets that are as-good-as-cash, and then claim you didn't make any taxable profits.
Similar experience here:
In an earlier career my company reinvested all profits back into growth, only to learn that the taxman didn't care about such silly things. The IRS demanded the tax from the profits that had been reinvested and were no longer available.
Plus they wanted the tax from the profits of the growth that had only happened from reinvesting the earlier profits that they wanted tax from. Their demands were in excess of the actual realized profit that had been made by the company.
Similar experience here:
In an earlier career my company reinvested all profits back into growth, only to learn that the taxman didn't care about such silly things. The IRS demanded the tax from the profits that had been reinvested and were no longer available.
Plus they wanted the tax from the profits of the growth that had only happened from reinvesting the earlier profits that they wanted tax from. Their demands were in excess of the actual realized profit that had been made by the company.