Weeble@Moon@shitposter.club @coolboymew@shitposter.club Demonstrating a company loss/investment failure like a cancelled movie allows the company to take a large bite out of how much of their income is actually taxable. It’s a shitty loophole (BUT crucial for small businesses). It can very much be more worth it for a company to have a “failed investment” at certain magnitudes for tax avoidance strategies, but only megacorps have the volumes of cash needed to minmax it into being an exploitative strategy.
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