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On a corporate level it doesn't really matter as you're only taxed on your profits/losses. If we do a service swap ultimately it's just adding a revenue item wi
by scarby2 5mo ago
On a corporate level it doesn't really matter as you're only taxed on your profits/losses. If we do a service swap ultimately it's just adding a revenue item with a matching loss, and these are infact quantified.
As an individual interestingly it does matter because services received for free are considered taxable income (but businesses are not taxed on their income).
- kube-system 5mo agoThere are corporate taxes on revenue in some situations
- danielmarkbruce 5mo agoYou are just making stuff up, this isn't remotely close to how tax law works.
- gamblor956 5mo agoThe first paragraph is generally correct. The second is not. Business are taxed on their net income but many jurisdictions tax businesses on their gross revenue as well (look up GRT and GET).