Microsoft SEC 8-K: IRS is seeking an additional tax payment of $29B

Post by realusername » Thu, Oct 12, 2023, 1:22 PM UTC

spockz wrote: post #140

realusername wrote: post #110

Earlier quoted context omitted.

Every law is judged with the intent behind the action... except for taxes which is the single exception I know of. And here the intent is pretty clear.

I think this is more of an Anglo-Saxon vs rest of Europe distinction. In UK (and presumably US) the letter of the law is more important than the intent. In the rest of Europe the intent is more important than the exact letter. In both cases it is up to the judiciary to make the trade-off/judgement.

Post by benreesman » Thu, Oct 12, 2023, 1:23 PM UTC

kylebenzle wrote: post #192

xinayder wrote: post #184

Earlier quoted context omitted.

Big investors have a pass for doing shady stuff. They can do insider trading (up to a point where it's not considered insider trading), they can break the SEC rules to artificially reduce the share price of a company so they can buy it or drive them to bankruptcy, but a normal person like me and you can't do these things, because we don't have the money to get around with it. Big market actors are just institutionali…

You are correct, this is America where we do A LOT of things that are bad for us because they are profitable. I'm writing a long form article about this idea, how in America we do stuff like private prisons, allow pollution, the "family" court system and social media for kids even though some countries can easily fix these problems we refuse to address them because just TOO much money is being made (at least that's h…

Post by fallingknife » Thu, Oct 12, 2023, 1:34 PM UTC

jimbob21 wrote: post #204

dragontamer wrote: post #197

Earlier quoted context omitted.

> but iirc he could still have pulled out by paying "only" a couple billion dollars in fines or something. That clause was clearly for things outside of Elon (or former Twitter)'s control. Like if a government stepped in to stop the purchase. Elon never had a good counter argument. So it was simply a case of those who were able to read the public court documents vs the ones who believed Elons out-of-court media blitz…

[flagged]

Post by raydiatian » Thu, Oct 12, 2023, 1:35 PM UTC

andrewstuart wrote: post #162

Yea hello it’s Mr Smith here from the tax department. I’ve just been reviewing your file and it seems that you are a little short in your tax payments by…… let’s seeeee ……. ummmm …… yes, $29,000,000,000. Can you pay it now please?

Post by gizmo » Thu, Oct 12, 2023, 1:36 PM UTC

n2d4 wrote: post #201

gizmo wrote: post #177

Earlier quoted context omitted.

That's totally wrong. If you make inferences from non-public information (e.g. talking to the CEO) you can freely trade on that, provided the CEO hasn't shared MNPI with you directly. Every public company has an Investor Relations department that talks to institutional investors every day. Investors wouldn't bother talking to IR if they could get the same information somewhere else. And these communications are not m…

> MNPI with you directly. Abbreviating that is so misleading, it's incredibly hard to not see it as bad faith! MNPI means "material non-public information". You're saying "non-public information is fine but material non-public information is not", without making it as obvious. Yes, it has to be material. "Owes $30b in taxes" is ABSOLUTELY material. If on top of that you learn about it from IRS insider contacts, enjoy…