5 ms·
Thats what they do. It also earns money from leases (tax event), while itself pays a lease to a subsidiary (tax deduction). Who knows how the subsidiary is st
by vmception 5y ago
Thats what they do.
It also earns money from leases (tax event), while itself pays a lease to a subsidiary (tax deduction).
Who knows how the subsidiary is structured or returns money to shareholders or if it is located in a different jurisdiction with more favorable taxes.
Each subsidiary is different.
Each vehicle could theoretically be owned by a distinct subsidiary. Distributing vehicles in the best way to shield liability in the specific jurisdiction of operation.
I really do wonder how they return money to shareholders. It could just be all about the potential of returning money to shareholders and never doing so.