Immediate Impact of obamacare Law: Caterpillar & John Deere - $250 MILLION hit (employment, legal)
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Its not spin, its fact.. Just because they are taking the writeoff this month, it doesnt mean that the losses are real this month, or they are fake for the year.. Corporations can choose what quarter to take the writeoff just like individuals who file quarterly can do the same, and then adjust future quarters to reflect actual accounting for the fiscal year..
thats cooking the books. Public companies can not apply a charge off against a quater that it did not occur, thats cooking the books. Example, if a company lost 1 million dollars for the month of December, they can not hold onto that reporting until April of the following year. That is illegal and cooking the books. You can forecast how much you projected loss would be, but it can not be applied towards your actuals until it has occured.
thats cooking the books. Public companies can not apply a charge off against a quater that it did not occur, thats cooking the books. Example, if a company lost 1 million dollars for the month of December, they can not hold onto that reporting until April of the following year. That is illegal and cooking the books. You can forecast how much you projected loss would be, but it can not be applied towards your actuals until it has occured.
DE's net income in 2009 was 1/3 of what it was in 2008.
If you were bleeding money like that you'd start saving away money for taxes early too.
You cannot escape taxes..they have to be paid.
DE's net income in 2009 was 1/3 of what it was in 2008.
If you were bleeding money like that you'd start saving away money for taxes early too.
You cannot escape taxes..they have to be paid.
So by looking at that statement, it appears that their 1st quater begins January1 and ends March 30th if they post their actuals April 30th. So in essence, they will not be loosing anything 1st quater on the bill since, there is only a few days left. Their 2nd quater will begin April 1 - June 30th.
For far too long companies like John Deere have been circumventing the Tax system to BENEFIT THEM....they've been riding the wave too long...it's time to pay up.
The wave. You mean a business that creates thousands of jobs and makes a profit?
Why is it the Left thinks business making a profit is obscene?
If they didn't make a profit, they wouldn't be able to hire, they wouldn't have investors, they wouldn't pay taxes.
Where did this profit=evil narrative come from?
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