3 ms·
Companies would have massive incentives to hide revenue. If we didn’t force companies to reveal revenue and only required tax and dividend, then there would be
by prepend 6y ago
Companies would have massive incentives to hide revenue.
If we didn’t force companies to reveal revenue and only required tax and dividend, then there would be many ways to manipulate their stock.
Want to look successful? Borrow money and pay out a huge dividend.
Don’t need capital, pay zero taxes by offsetting private revenue. Offset forever paying no tax, issuing no dividends and just buying back stock.