Because it would potentially waive all privileges relating to the subject matter. Federal Rule of Evidence 502. Rule 502(a) provides that an intentional disclosure can result in a broader waiver when fairness requires consideration of undisclosed communications concerning the same subject matter.
@retirein1500 When I went years ago, one of them is set up that you can tour. They are real houses. Pretty interesting but I don’t think I’d want to live in one. You can google Rotterdam cube houses to find your info. Officially called: Kijk-Kubus Museum-house
@chamath Correction to the podcast this week. Under GAAP, goodwill only gets on a balance sheet through M&A transactions. Self developed goodwill (you mention Coke) will not be on the balance sheet. In M&A, the excess of price paid over identifiable assets is Goodwill. Never marked up but can be impaired after a bad merger.
@SMTuffy@TheStalwart You are confusing using an Irish subsidiary for tax planning with being an inverted US company that is Irish based at the parent level. Big difference and not on point to the TikTok structure.
@farzyness It’s a tax credit, not a deduction. One saves you money only if you itemize (have deductions that exceed the standard deduction) and then only your marginal tax rate times the deduction. The other saves you a full dollar of taxes for each dollar of credit.
You’re not giving any weight to the phrase “authorized by law.” We have resources (incoming tax payments) to pay interest on the debt and pay the debt as it matures (once paid, that debt is below the limit and can be reissued). The debate is over additional debt to pay for appropriations.
@RichardRubinDC I want to see how the IRS handles last minute tax changes by congress. It is already hard for Intuit to handle these. The government handling these and not delaying the filing season would be a first for the IRS.