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Companies don't need special tax exemptions to write off losses. Typically, expenses directly reduce income without any need for a special exemption.

• logifail 4y ago
  > Companies don't need special tax exemptions to write off losses There are places where selling certain product types below cost isn't OK, Wal-Mart got into trouble for this in Germany: https://www.latimes.com/archives/la-xpm-2000-sep-09-fi-18061-story.html https://www.latimes.com/archives/la-xpm-2000-sep-09-fi-18061...
  • vostok 4y ago
    That's so interesting. Thanks for sharing.
    • tpxl 4y ago
      This is called price dumping. First time I've heard of any action being taken to prevent it though. https://en.wikipedia.org/wiki/Dumping_(pricing_policy) https://en.wikipedia.org/wiki/Dumping_(pricing_policy)
  • Semaphor 4y ago
    Interesting, I hadn’t heard of that one. Relevant: > Wal-Mart’s prices were matched and even undercut by the Aldi and Lidl food chains, which also were ordered to cease selling below cost or face fines of about $445,000 for each product sold in violation of the order. They probably still would have lost, our supermarket system is very cut-throat ;)