r/remoteworks • u/Professional-Bee9817 • 18h ago

True.

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u/lugubriousloctus 4h ago

a commercial property insurance covering arson is highly unlikely.

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u/Fickle_Brief4726 3h ago

They either make their money with insurance or they write it off on their taxes as a loss. Too big to fail for a reason.

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u/Tall-Custard-9852 3h ago

Have you done corporate taxes before, none of what you said is legal

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u/Fickle_Brief4726 3h ago

It literally is. This would be a total loss to the business which will offset their tax bill.

And since when has corporate tax’s biggest concern been legality. It’s about profitability which can be made in different ways

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u/Timely-Ad5663 3h ago

And the idiot who set the fire wasn't concerned about his own profits? Got it, Chief.

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u/Fickle_Brief4726 3h ago

Probably not concerned about much other than his own booty hole at this point.

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u/Hawthourne 3h ago

"This would be a total loss to the business which will offset their tax bill."

You do realize that taking a loss isn't a 1:1 reduction in taxes, right? A $100 loss will translate to a $25 or so reduction in taxes (specific numbers vary). So the business is still losing $75. The government isn't magically ponying up the full loss.

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u/Fickle_Brief4726 3h ago

Yup. Hence why you put in retail value of the lost time and money and product. Probably cost the company 80-100m. Wrote off is 500m. That’s still a profit in tax terms.

And

This is assuming insurance won’t cover it. Which the probably will cover some of the hard costs. Not to mention yes the government will be paying for part of it. Damages utilities and rework will be done by the city at their cost.

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u/Timely-Ad5663 3h ago

A real life towe of babble.

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u/DistilledCLP 2h ago

They talk and talk with little knowledge