Re:Facebook Q3 2020
by ghouse on Thursday October 29, 2020 @05:37PM
(#24936286)
It's important to distinguish between operating profits, and taxable profits.
They can have positive operating profits, but tax losses. For example, Congress recently (3-4 years ago?) changed the tax code to allow companies to expense, instead of amortize, capital equipment.
They can have positive operating profits, but tax losses. For example, Congress recently (3-4 years ago?) changed the tax code to allow companies to expense, instead of amortize, capital equipment.