SpaceX tells shareholders: "We claimed a total of $1.9 billion in uncertain tax benefits. These are tax breaks that would likely be disallowed on audit"
3d 13h ago by lemmy.zip/u/Valuy in enoughmuskspam from itep.org
Good thing trump and DOGE killed the ability of the IRS to audit corpos and rich people.
yes, the fascist oligarchy is all out in the open now
no need to whisper
SpaceX’s S-1 form tells us that the company has claimed a total of $1.9 billion in “uncertain tax benefits” (UTBs). These are tax breaks that the company has claimed on its tax forms, but that it believes would more likely than not be rejected by a properly functioning IRS.
I didn't think that's true? In fact from what I've found it's exactly the opposite. That UBS is a list of tax benefits that the company believes are "more likely than not" to be sustained.
Not SpaceX apparently