Re:Pandora papers: biggest leak of offshore data exposes fin...
by pjc50 on Sunday October 03, 2021 @02:24PM
(#28739315)
> Reporting to investors ought to mirror reporting to the taxman.
This would be a nice simple GAAR: you pay either the current corporate rate or 20% of the GAAP profits you report in your stockmarket statement, whichever is the larger.
This would be a nice simple GAAR: you pay either the current corporate rate or 20% of the GAAP profits you report in your stockmarket statement, whichever is the larger.