I wonder if Japanese tax laws are similar to the US in that they incentivize write downs to create net operating losses to offset future profit. For SoftBank, w

I wonder if Japanese tax laws are similar to the US in that they incentivize write downs to create net operating losses to offset future profit. For SoftBank, which operates a very profitable core business, losses here could ensure no tax payments for years to come. This happened in 08 with many of the fire sales in the mortgage and banking business.