Spirit’s debtors are…interesting?
Posted by ProgressOk4014@reddit | aviation | View on Reddit | 9 comments
What a fucked up system that is forced upon us people in the USA. Corporate bootlicking is legally codified in profit.
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Bi0botaniker@reddit
What exactly is the problem here?
ProgressOk4014@reddit (OP)
the umbrella company doesn’t have to declare bankruptcy while seemingly innumerable off shoot/offshore companies owe money?
you’re good with subsidiaries being used for deflecting from fraudulent/bad faith corporate loans?
HYThrowaway1980@reddit
Offshoring profits for tax purposes is absolutely standard. Depending on how these were incorporated and what the exact ownership structures are, it may be that the offshore companies are also liable.
ProgressOk4014@reddit (OP)
that’s my fucking point. avoiding tax burden through a myriad of corporate structure is horseshit encouraged by the western world of “regulation”.
HYThrowaway1980@reddit
You’re shouting at the storm, my friend.
Sassaglas@reddit
The tax havens I assume
Remarkable_Common312@reddit
You do not understand what’s happening in this filing.
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