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

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

#331

Post by dragontamer » Fri, Oct 13, 2023, 7:30 PM UTC

generic92034 wrote: post #328

dragontamer wrote: post #326

Earlier quoted context omitted.

Did you read the first paragraph? > Plaintiff Twitter, Inc. (“Twitter”), by and through its undersigned counsel, as and for its complaint against defendants Elon R. Musk, X Holdings I, Inc. (“Parent”), and X Holdings II, Inc. (“Acquisition Sub”), alleges as follows: If you are trying to say this is 'difficult to read', maybe don't pick things that are answered in the first paragraph.

That does not tell me what a "Verified Complaint" really is. Obviously that is a technical term. Same with "Nature of the Action". If those points under "Nature of the Action" are merely points raised by Twitter, how can I trust them? Or did the court confirm those points? If so, I did not find where the document says that. But let us stop here. It is obvious that you are very confident in interpreting documents like…

> If those points under "Nature of the Action" are merely points raised by Twitter, how can I trust them?

You see Elons side and evaluate their followup. You follow the back and forth and evaluate who has the stronger argument.

When it gets to the point that the judge is literally reprimanding Elon Musk's council for breaking rules and shenanigans, you start buying TWTR and short selling TSLA.

You're grossly overcomplicating this. You don't come up with arguments in a trial, that's the lawyers jobs. Your job as a reader is simply to pick out the side with the better argument.

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If you are worried about form, that's not your job. That's the judges job. And if you are worried about not understanding the complete argument, that's not even your job. That's the opposing lawyers job to make a cohesive and full argument.

At this stage of the trial, it's simply reading.

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

#332

Post by Nursie » Sat, Oct 14, 2023, 5:14 AM UTC

PH95VuimJjqBqy wrote: post #304

Nursie wrote: post #125

Earlier quoted context omitted.

Actually there seems to be a lot of intent in tax law, reading the wikipedia page about the Apple/Ireland controversy - some tax mechanisms/structures are specifically called out as not being available for firms looking to reduce their tax bill, use must be for genuine business requirements only.

despite what a lot of people think, you can ask for forgiveness from the IRS and will typically get it if you're a first time offender and it's clear your intent wasn't malicious. Sometimes people screw up on their taxes, etc.

Same with HMRC in the UK, as an individual taxpayer if you call them up and say “I screwed up, can you help me sort this out?” then they’re quite good at helping and often able to lift late fines etc.

Intent, and communication, do matter.

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

#333

Post by kortilla » Sat, Oct 14, 2023, 5:28 PM UTC

xinayder wrote: post #329

kortilla wrote: post #296

Earlier quoted context omitted.

> They can do insider trading This is incorrect. https://www.natlawreview.com/article/sec-secures-largest-eve... > they can break the SEC rules to artificially reduce the share price No, stock manipulation with falsification of bad information is also heavily prosecuted. Can you give specific examples where you think this happened? You might not be using the correct definition of “inside information” or “artificially…

A recent one: Unity CEO sold a huge amount of shares a week before they announced the pricing change on Unity. Pfizer top-people bought a huge amount of shares before their vaccine was publicly approved and they sold it the moment the public was made aware that there was a vaccine for COVID-19 approved by the FDA Microsoft bought a lot of Activision Blizzard shares a few days before they announced they would buy the…

> A recent one: Unity CEO sold a huge amount of shares a week before they announced the pricing change on Unity.

It had to be an already scheduled sale or he will get busted. That doesn’t fly with the SEC.

> Pfizer top-people bought a huge amount of shares before their vaccine was publicly approved and they sold it the moment the public was made aware that there was a vaccine for COVID-19 approved by the FDA

By shares with expectation of approval is fine. They didn’t know it was approved.

> Microsoft bought a lot of Activision Blizzard shares a few days before they announced they would buy the company.

Do you realize how stupid this statement is? You buy a company by buying shares. Building up a stake before tendering an offer is the normal process.

> If you have privileged information, for example, that your product will be approved, something that isn't public knowledge, it should be considered insider trading.

That is insider trading and would be prosecuted if that’s what happened.

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

#334

Post by adolph » Sun, Oct 15, 2023, 1:00 AM UTC

blitzar wrote: post #324

adolph wrote: post #310

Earlier quoted context omitted.

Of course not. However, it wasn’t prepackaged juice (liquid), it was pulp, the part of plants from which juice is squeezed. Have you ever seen one of those machines in restaurants that from a hopper full of oranges, automatically slices, squeezes the juice into a glass and puts the rind etc into a composting bag? They do that to deliver a fresh glass of juice that people believe has a material difference from a can o…

> Have you ever seen one of those machines in restaurants that from a hopper full of oranges automatically slices, squeezes the juice into a glass and puts the rind etc into a composting bag Apparently the founders and investors had not.

Give it 10 years. You will drink from the same and think “ok, jucero had a point, they were just too early”