3 ms·
Couldn't the annual valuations be gamed by insiders? Who's going to impartially decide the declared value? Best alternative I can think of is a soft fascism w
by axus 2y ago
Couldn't the annual valuations be gamed by insiders? Who's going to impartially decide the declared value?
Best alternative I can think of is a soft fascism where the government receives a small stake in the company each year instead of cash. Then holds or auctions it as some bureaucrat sees fit.
- JumpCrisscross 2y ago> Couldn't the annual valuations be gamed by insiders? Yes. It's not even difficult to imagine. Management undervalues group assets to buy them on the cheap for themselves.
- fuzzfactor 2y ago>Management undervalues group assets to buy them on the cheap for themselves. It's not my imagination, I've seen how they sell the same assets back for a profit after enjoying some tax depreciation for a while too.