logic56 said:
20happyballs said:
logic56 said:
Ji99saw said:
sales2099 said:
Leave it to the fanatics to make this news good news lol |
^^ This lol, can't argue with logic lost money is lost money no matter the circumstances
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even if they didn't do anything to obtain said money
I'm sure Sony can stomach it lol
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They only obtained the asset ( or I'll say money because that's all you seem to understand), because they lost money in the first place. The government would have lessened their losses if Sony hadn't already racked up as much tax assets as they did.
Here it is is simply.
Sony lost a lot of money. The government was gonna give them a tax break because they lost a lot of money. Sony lessened their calculated losses on this belief. But now the government will not give Sony a tax break. Sony now has to account for their whole loss.
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the assest (money) was already on thier blance sheet dude. It wasn't about to be given to them and then wasn't. Don't know where you got that from
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I don't know how is it in other countries, but in Spain, when a company has profits, has to pay a corporate tax of 25-30%. If you have losses, you obtain a tax asset of a 25% of the losses, so you can compensate with future profits, but you can only use it during a number of years. If you don't have profits during several years, you lose that tax asset. I believe this is what has happened here.
If you can't use that asset, it's lost money that you have to put in the balance, as it's money that you won't recover compensating against future taxes due to profits.
