3 ms·
Walmart easily owes over 3 billion in taxes every year. There is a tiny almost non existent chance they will get a return as profit. However there is a 99.999%
by dpeterson 10y ago
Walmart easily owes over 3 billion in taxes every year. There is a tiny almost non existent chance they will get a return as profit. However there is a 99.999% chance they get jet.com for free when they write it off as a complete loss in 2 years. If nothing else they get a valuable 3 letter domain name for nothing.
- deleted 10y ago[deleted]
- bjacokes 10y agoYou're misunderstanding how taxes are calculated. If they could deduct the writeoff, they'd make back their marginal tax rate times the purchase price, so they'd still lose around $2B. (Similarly, when people deduct their mortgage interest, they don't get the mortgage "for free".)