Reply to post: Re: How does that work?

Facebook tells US tax bods: Swear to God, we were only worth $6.5bn in 2010 because we were menaced by... MySpace and smartphones

Anonymous Coward
Anonymous Coward

Re: How does that work?

You either "sell" it under valued, loan it to them (while they only sell it's rights or outsource usage back to you) or they borrow the funds to do so. At which point they also make zero profit and have a large tax deductible "expense" which is even more fun if you own the bank lending them the money.

I'm no account or lawyer... but I never got into trouble for handing in my homework late, or on occasion not at all.

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