Hi Digital,
You are right. The problem is that when a company takes over another, it is considered a capital event that forces these historic losses to be realised (and therefore they cannot be used).
There is a crafty way of changing the direction of a company into something profitable that doesn't need capital (e.g. Consulting/H.R., restuarant) and rorting the taxs breaks, but of course that would be unethical, so no one would do it... :-)
Cheers
- Forums
- ASX - General
- retained losses
retained losses, page-4
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)