Do you remember how Metallica started? Like most bands, they played COVERS. How much did they pay the original creators? The original bands were HARD-WOKRING ARTISTS TRYING TO MAKE A LIVING. They had their work ripped off by Metallica. There is an old saying that goes "There is no honor among thieves". Why should Metallica expect us to not steal from them when they have stolen from those who went before?
IANAL, IANAE, but I am an Accountant. Companies (in Illinois) are given a discount on the tax paid vs. the tax collected if they pay in a timely fashion (30 days, IIRC). If I collected $1,000 in tax I would remit less than that amount to the state. It's been years since I had to fill out a form myself, so I don't remember the exact percentage. It's not much, but it more than covered the 15 minutes it took to fill out the form. This could easily be considered payment for collecting the tax. Small businesses are hurt because they have to pay all the tax they owe. I now work for a large company and we DO NOT pay our proper amount of tax. Every couple of years, a state will send an auditor here and he/she will tell us to pay more money. We then sit and argue with him/her (the auditor always wins) and finally pay up. In the meantime that money has been sitting in the bank collecting interest (or been plowed into some type of money making venture). Most small businesses cannot afford to play such games.
One problem (of many) with shorting a company's stock. . . You will be left high and dry if trading is suspended in the underlying stock. Which is a definite possiblity in this case. (as always, past performance does not guarantee future returns)
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Do you remember how Metallica started? Like most bands, they played COVERS. How much did they pay the original creators? The original bands were HARD-WOKRING ARTISTS TRYING TO MAKE A LIVING. They had their work ripped off by Metallica. There is an old saying that goes "There is no honor among thieves". Why should Metallica expect us to not steal from them when they have stolen from those who went before?
IANAL, IANAE, but I am an Accountant. Companies (in Illinois) are given a discount on the tax paid vs. the tax collected if they pay in a timely fashion (30 days, IIRC). If I collected $1,000 in tax I would remit less than that amount to the state. It's been years since I had to fill out a form myself, so I don't remember the exact percentage. It's not much, but it more than covered the 15 minutes it took to fill out the form. This could easily be considered payment for collecting the tax. Small businesses are hurt because they have to pay all the tax they owe. I now work for a large company and we DO NOT pay our proper amount of tax. Every couple of years, a state will send an auditor here and he/she will tell us to pay more money. We then sit and argue with him/her (the auditor always wins) and finally pay up. In the meantime that money has been sitting in the bank collecting interest (or been plowed into some type of money making venture). Most small businesses cannot afford to play such games.
One problem (of many) with shorting a company's stock. . . You will be left high and dry if trading is suspended in the underlying stock. Which is a definite possiblity in this case. (as always, past performance does not guarantee future returns)