News for hackers. Stuff that matters.

A comment on Salesforce CEO: tech billionaires 'hoard their money' and won't help homeless. Parent comment

Re:Salesforce CEO: tech billionaires 'hoard their money' and... by refurb on Wednesday October 17, 2018 @07:57PM (#18244868)
Weird indeed. What happens if the company had $100M in revenue, but a $10M loss?

Are they expected to take out a loan to pay the tax?

[ Parent | on HN ]
Re:Salesforce CEO: tech billionaires 'hoard their money' and... by rchaud on Wednesday October 17, 2018 @08:58PM (#18245113)
They work with the taxman to figure out a payment plan over time. Tax payments can be deferred under GAAP, and also by the IRS if the entity isn't able to pay.
[ Parent | on HN ]
Re:Salesforce CEO: tech billionaires 'hoard their money' and... by toyg on Wednesday October 17, 2018 @08:14PM (#18244958)
Taxes can be deferred / delayed if the taxman agrees.
[ Parent | on HN ]