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Roughly but not exactly: public companies can report a profit to their investors while at the same time reporting losses to the IRS (or other government tax aut
by not2b 5y ago
Roughly but not exactly: public companies can report a profit to their investors while at the same time reporting losses to the IRS (or other government tax authority), because the rules are different and those who know how to exploit those differences are very well paid.
- chii 5y ago> report a profit to their investors while at the same time reporting losses to the IRS i wonder how the tax rules and accounting/SEC reporting rules could be tweaked such that the IRS and investors must receive the same level of reporting - aka, if investors see a profit/loss, the taxman must also see the same profit/loss