Haggis, your understanding of corporate taxation and M&A is severely lacking.
Sure companies overstate some costs to an extent to decrease their tax liability.
However, the price they sell for is based on their profit etc. They are disincetivised to do this if they are looking to sell off a business and actually do the reverse. They assign costs to other business entities to “pad” the profit figure.
SYT Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
