How Would Debt Be Treated?
Net means debts come off, so borrow against what you own and hand in a smaller balance sheet. The regimes that tax a net base answered that in statute: a debt is a deduction only if the rules say so.
Net means debts come off, so borrow against what you own and hand in a smaller balance sheet. The regimes that tax a net base answered that in statute: a debt is a deduction only if the rules say so.
