3 ms·

Deferred tax is only payable when shares in Alibaba are sold, which will not. Yahoo will spin it off tax free to shareholders.

• vonmoltke 10y ago
  In which case that liability does not transfer and all the people here subtracting Alibaba's asset value without subtracting that liability are wrong.
  • btian 10y ago
    That is 100% wrong. Ask an accountant if you don't believe me.