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by Kaggeceria » Sat Sep 29, 2018 8:29 pm
by Lord Dominator » Sat Sep 29, 2018 8:48 pm
Kaggeceria wrote:Hefty price to pay for a pot joke.
by Special Aromas » Sat Sep 29, 2018 8:49 pm
Kaggeceria wrote:Hefty price to pay for a pot joke.
by Ethel mermania » Mon Oct 01, 2018 5:57 am
by Dooom35796821595 » Mon Oct 01, 2018 6:02 am
Special Aromas wrote:Kaggeceria wrote:Hefty price to pay for a pot joke.
Lol, I would have said that's a slap on the wrist for a multi-million dollar securities fraud but whatever.
by Vassenor » Mon Oct 01, 2018 6:31 am
Special Aromas wrote:Kaggeceria wrote:Hefty price to pay for a pot joke.
Lol, I would have said that's a slap on the wrist for a multi-million dollar securities fraud but whatever.
by Evil Dictators Happyland » Mon Oct 01, 2018 9:59 am
Dooom35796821595 wrote:Special Aromas wrote:Lol, I would have said that's a slap on the wrist for a multi-million dollar securities fraud but whatever.
Considering it’s a company that consistently fails to turn a profit, maybe not. Although that tends to be due to Musk spending money as soon as he gets it. Avoiding corporation tax by not making a profit?
by Dooom35796821595 » Mon Oct 01, 2018 10:56 am
Evil Dictators Happyland wrote:Dooom35796821595 wrote:
Considering it’s a company that consistently fails to turn a profit, maybe not. Although that tends to be due to Musk spending money as soon as he gets it. Avoiding corporation tax by not making a profit?
Bronze Tier: Paying taxes.
Silver Tier: Avoiding taxes by moving your money to a tax haven.
Gold Tier: Bribing the IRS.
Platinum Tier: Overthrowing the government and setting the tax rate to 0%.
God Tier: Avoiding income tax by having zero income.
by Trumptonium1 » Mon Oct 01, 2018 11:27 am
Dooom35796821595 wrote:Evil Dictators Happyland wrote:Bronze Tier: Paying taxes.
Silver Tier: Avoiding taxes by moving your money to a tax haven.
Gold Tier: Bribing the IRS.
Platinum Tier: Overthrowing the government and setting the tax rate to 0%.
God Tier: Avoiding income tax by having zero income.
It’s not zero income, it’s no profit. I don’t know how it works in America, but in the UK companies can avoid corporation tax if they spend their profits instead of keeping them. It’s an incentive to get companies to reinvest their money, instead of hoarding it like a dragon.
by Major-Tom » Mon Oct 01, 2018 11:47 am
by Dooom35796821595 » Mon Oct 01, 2018 12:01 pm
Trumptonium1 wrote:Dooom35796821595 wrote:
It’s not zero income, it’s no profit. I don’t know how it works in America, but in the UK companies can avoid corporation tax if they spend their profits instead of keeping them. It’s an incentive to get companies to reinvest their money, instead of hoarding it like a dragon.
Not quite how it works. You cannot 'spend' profit once it is made at year-end, you can only increase your overheads/investment if your operating budget is favourable because costs are down or revenues are up, or in other words you think you will be making more excess than you hoped (profit) so you choose to spend or invest it during the financial year. If you leave the excess until the financial year ends, that's classified as profit and will be taxed at 20% after interest (or lack thereof) is calculated. There's no moving money to avoid it once you reach that point. Whatever is left is retained profit, or otherwise available for dividends (common misconception - "you can pay dividends to avoid corporation tax" - completely wrong.)
Companies budget each year and monitor and adjust those budgets as they go along. Few companies plan to make as much profit as possible, unless they're looking for a funding round, a large dividend payout, an ipo or are a start-up looking to survive. As they budget along they will build up a fund to pay corporation tax as soon as their financial statements are devised, audited and sent out to the relevant tax jurisdiction. All part of the cash flow.
Not sure if I'm explaining the obvious and you worded it wrong or didn't know, but either way hey-ho. That said, a tax on dividends and royalties is much more logical if you want to see companies re-invest their profits. Quite a few countries have a 0% corporation tax but they tax dividend disbursements like profit. Also stops Apple et al. paying their Dutch subsidiary tens of billions for "the idea" of Apple (royalties) so much more tax anyway. Like Estonia. Makes much more sense.
by Conserative Morality » Mon Oct 01, 2018 12:17 pm
Major-Tom wrote:I should probably care more about the SEC's somewhat straw grasping reasoning (though their reasoning is within legal bounds). The reason I don't care, and am actually happy about this, is because Muck is a fucking prick who is too often worshiped by basement dwellers, wannabe intellectuals, and neckbeards of all stripes.
by Major-Tom » Mon Oct 01, 2018 1:05 pm
Conserative Morality wrote:Major-Tom wrote:I should probably care more about the SEC's somewhat straw grasping reasoning (though their reasoning is within legal bounds). The reason I don't care, and am actually happy about this, is because Muck is a fucking prick who is too often worshiped by basement dwellers, wannabe intellectuals, and neckbeards of all stripes.
My friend just wants an electric sports car and a flamethrower, is that really so bad? Isn't that the American dream?
by Costa Fierro » Wed Oct 03, 2018 4:45 am
by Dooom35796821595 » Thu Oct 04, 2018 9:13 pm
by Kowani » Thu Oct 04, 2018 9:16 pm
Dooom35796821595 wrote:https://www.bbc.co.uk/news/business-45754299
I guess Musk has a lot in common with Trump, with his inability to stop posting crap on twitter.
So, Musk 2020?
by Lord Dominator » Thu Oct 04, 2018 11:12 pm
Kowani wrote:Dooom35796821595 wrote:https://www.bbc.co.uk/news/business-45754299
I guess Musk has a lot in common with Trump, with his inability to stop posting crap on twitter.
So, Musk 2020?
Nah, let’s resurrect Henry Ford’s ghost and put him in the Oval Office. Probably screw the environment less than what we’re already doing.
by Ethel mermania » Fri Oct 05, 2018 12:29 am
Dooom35796821595 wrote:https://www.bbc.co.uk/news/business-45754299
I guess Musk has a lot in common with Trump, with his inability to stop posting crap on twitter.
So, Musk 2020?
by Dumb Ideologies » Fri Oct 05, 2018 1:27 am
Dooom35796821595 wrote:https://www.bbc.co.uk/news/business-45754299
I guess Musk has a lot in common with Trump, with his inability to stop posting crap on twitter.
So, Musk 2020?
by Olerand » Fri Oct 05, 2018 1:46 am
Free Rhenish States wrote:You're French, without faith, probably godless, liberal without any traditional values or respect for any faith whatsoever
by Valentine Z » Tue Oct 16, 2018 12:13 am
♪ If you are reading my sig, I want you to have the best day ever ! You are worth it, do not let anyone get you down ! ♪
Glory to De Geweldige Sierlijke Katachtige Utopia en Zijne Autonome Machten ov Valentine Z !
(✿◠‿◠) ☆ \(^_^)/ ☆
♡ Issues Thread ♡ Photography Stuff ♡ Project: Save F7. ♡ Stats Analysis ♡
♡ The Sixty! ♡ Valentian Stories! ♡ Gwen's Adventures! ♡
• Never trouble trouble until trouble troubles you.
• World Map is a cat playing with Australia.
by Ethel mermania » Tue Oct 16, 2018 3:32 am
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