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this post was submitted on 26 Oct 2023
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Technology
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It's by design, you don't need to pay taxes if you don't generate profit, you can just shovel more value into the company with investments and acquisitions that then hopefully generate you even more money in the future.
And at the same time you can point at that loss and use it as an excellent scapegoat for doing shitty things.
I believe they can also load all that debt into these acquisitions before taking what they want and selling the rest off in bankruptcy, no?