You are viewing a single comment's thread from:

RE: Tesla Getting Into DeFi With MakerDAO?

in LeoFinance2 years ago

Sometimes I wonder if that is the way going forward to avoid taxes. If you borrow the money, I think you can get away with a lot of things at the end of the year and I hear about the rich doing it all the time.

Posted Using LeoFinance Beta

Sort:  

Corporations operate under different tax rules than individuals.

Here is it a matter of accounting. Their debt ratio doesnt go up through this since I am sure there is no requirement to account for DeFi loans using crypto in the SEC rules (that might come at some point).

Instead, this is operations, which protects their debt ratio.

Posted Using LeoFinance Beta