Using this tax strategy is not avoiding taxes. Its not a loop hole. Its merely how the annual tax system handles multi year projects. Losses and gains are not often contained within a single year. So when you have losses in one year you can deduct them from profits in future years. This has been around as long as the income taxes have been around. Otherwise nobody would invest during recessions. And nobody would do large multi year projects. Most companies have to do this at one time or another.
hard to believe people don’t understand that point.
Of course your correct. My point exactly. If they can’t find anything legitimate, they will fabricate a distraction, one so bad, they have done the same thing themselves. But that is one distraction too far. This needs to go mainstream.