| Reverse Morris Trust This tax law gets knocked all the time. But it isn't some tax dodge. It allows EXISTING shareholders of assets to keep those assets without having to pay a transfer tax when the assets are spun off to new mgt.
It is the same assets, just under new mgt. Why should the existing shareholders get banged with extra taxes. And it isn't Verizon that got some big tax writeoff, it is the stockholders that weren't hit with some bogus capital gains tax.
»en.wikipedia.org/wiki/Reverse_Morris_trust
--
My BLOG .. .. Internet News .. .. My Web Page |
|
zed260Premium
join:2007-09-30
Cleveland, TN
kudos:1
1 edit | relly it does not matter anymore about verzion in fairpoints case anymore thats done happened and wont change
point is i think fairpoint is imploding and will like be broken up and sold to at&t or some other telacom |
|
| reply to fAcEtIOUs
said by fAcEtIOUs:This tax law gets knocked all the time. But it isn't some tax dodge. It allows EXISTING shareholders of assets to keep those assets without having to pay a transfer tax when the assets are spun off to new mgt. It is the same assets, just under new mgt. Why should the existing shareholders get banged with extra taxes. And it isn't Verizon that got some big tax writeoff, it is the stockholders that weren't hit with some bogus capital gains tax. » en.wikipedia.org/wiki/Reverse_Morris_trust I agree, I don't see what's so shady about this. Besides, nobody held a gun to FairPoint's head and made them accept this deal. As another poster said, FairPoint's problems now are not Verizon's fault. FairPoint knew the song before they agreed to dance.
--
"Don't steal. The government hates competition."
Beyond AM. Beyond FM. XM |
|
|
|
 SLDPremium
join:2002-04-17
San Francisco, CA | I remember all of the predictions that that whatever telco bought those customers would basically die a horrible death. Sounds like they were correct. |
|
Reviews:
 ·WOW Internet and..
| reply to zed260
ATT won't take them. They would have already bought them.
ATT will be the next ones to spin off their rural networks as they're busy with U-Verse and ATTM.
It wouldn't be a bad idea at this point for Co-Ops and small ILECs to start merging and start buying some of these exchanges. |
|
patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | said by hottboiinnc:It wouldn't be a bad idea at this point for Co-Ops and small ILECs to start merging and start buying some of these exchanges. And guess who shows up to buy them then.... |
|
patcat88
join:2002-04-05
Jamaica, NY
kudos:1 | reply to BillRoland
said by BillRoland:I agree, I don't see what's so shady about this. Besides, nobody held a gun to FairPoint's head and made them accept this deal. As another poster said, FairPoint's problems now are not Verizon's fault. FairPoint knew the song before they agreed to dance. Since when is FairPoint a rational, thinking person that sees consequences, and not a limited liability corporation? |
|
| reply to patcat88
Centurytel (or Centurylink), Fairpoint, or Frontier. The triumvirate of two-bit telecom titans. |
|
| Fairpoint is the one people are saying to leave and give up.
ATT doesn't want it, VZ doesn't want it. At least Fairpoint is trying to make it work. |
|
