Re:G7: Rich nations back deal to tax multinationals
by nearbuy on Saturday June 05, 2021 @09:29PM
(#27409932)
It's fair that you don't pay tax when don't make a profit after taking depreciation into account.
Depreciation isn't a cheat code that lets you avoid tax on profit. If you depreciate the building more than its actual market value depreciation, you owe back what you deducted when you sell the building.
Depreciation isn't a cheat code that lets you avoid tax on profit. If you depreciate the building more than its actual market value depreciation, you owe back what you deducted when you sell the building.