pnh102Reptiles Are Cuddly And PrettyPremium
Mount Airy, MD
|reply to tshirt |
Re: Probably Not Going to Help
said by tshirt:You could make the argument that these divisions were successful. If they were failures, in terms of not making a profit, Verizon would have pulled the plug on them on their own, with or without selling them off.
The intent of the RMT was to allow Corp. to spin off SUCCESSFUL divsions into seperate businesses ...
The problem in Verizon's eyes were that these areas were profitable, but not profitable enough. In all the cases, you can easily note the mistakes that were made by the companies that bought these assets. They quickly turned something that was moderately profitable into a loser.
"Net Neutrality" zealots - the people you can thank for your capped Internet service.
But they are exactly verizons core business.
The part that's wrong, is them loading debt on the new business entity, while taking the tax advantage for themselves, The RMT idea was a clean cut, equal assets and debt spun into the new business and the shareholders/parent recieved stock in return, so no tax liability as no value changed hands.
This case is a defacto sale and should be taxed as such (in which case, verzion would probably not proceed)
(not that the proposed law will effect this sale)