Comment by fnordpiglet
3 years ago
Yes. It also penalizes shrinking firms as you simply lose the benefit of amortization if you can’t use it.
3 years ago
Yes. It also penalizes shrinking firms as you simply lose the benefit of amortization if you can’t use it.
Penalizes shrinking revenues, not shrinking firms. Shrinking firms who maintain revenue (layoffs!!) do well by winding down tax liability.
My bad you’re right!