Possibly, but I notice the vast majority of the deferred tax burden Yahoo has came on to the books at roughly the same time as the Alibaba investment, so the ta

Possibly, but I notice the vast majority of the deferred tax burden Yahoo has came on to the books at roughly the same time as the Alibaba investment, so the tax hit may already be reflected in the balance sheet. Edit (the numbers): Long-term investments: 31DEC13: $5B -> 31DEC14: $44.6B Deferred Long Term Liability Charges: 31DEC13: $1.1B -> 31DEC14: $17.1B