In Switzerland this fictional imputed rent is actually extremly real. We have to pay taxes as if it was earned income.
So you live in your fully owned flat, pretend to rent it to yourself and then pay income taxes on that amount. The point is your government can make this "fake" value very real.
Luckily we recently voted to abolish this tax so it will be gone in some years. This tax was introduced as an emergency measure in ww1.
I have this incredible strong urge to try to understand how our world works. I keep finding new topics in physics I just need to understand to calm this urge. Back to grinding differential geometry for me. Im long past college
Credit Cards improve your working capital position, interest free. Most people do not understand finance which is why debit cards are the "safer" choice.
I want the quitest fans and whether they are 10 or 20 bucks is irrelevant. We are talking about tiny amounts of money here for something thats gonna run for 5y+
That doesnt matter for the 10-k report. Its a fully consolidated financial statement. They have absolutely trash operating margins. If you look at their customers (artists and visitors) you see why
Look you keep putting words in my mouth in a quite rude fashion.
You make this situation confusing by basically arguing against a strawman. Where did I say lenders are a homogeneous group? Where did I say that lenders dont understand risks and interest rates? Im pushing back against the prevalent notion that PEs are somehow hoodwinking lenders into constantly taking losses. Its not happening. Thats it. Feel free to show me data that proves otherwise.
If you just want to do a monologue about PEs and their shenanigans then please by all means do so but dont do it as a reply to my comment. Thank you.
I only contest the claim that lenders are the dumbasses that keep on taking losses. It's nonsense.
Despite having been a tax advisors apparently you don't understand that. That is suprising. Kinda shows that your role doesn't necessarily translate into knowledge about how companies operate.
Banks are not taking huge losses because a huge fraction of loans to PE work out.
Imagine believing PEs are just constantly scamming banks out of their money. Yeah sure.
Its just that people have this carricature of PE in their head plus we are on HN where there are a huge fraction of Dunning-Krugers when it comes to topics about economy. Thats why you get these internally inconsistent arguments