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by exmicrosoldier
1229 days ago
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> The current macroeconomic environment is tough aka > Interest rates are high and I am worried about getting my next round of funding or meeting minimum payments on corporate debt. Because an overwhelming number of corporations take advantage of tax laws that make interest debt deductible, every interest rate hike leads to firing people and decreasing business investment, just to stay profit margin neutral. If you want to change this, it would really help to change the tax laws.
https://news.bloombergtax.com/tax-insights-and-commentary/en... |
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Curiously they IPOed in 2021 and report no debt. Perhaps they intended to borrow and got sidelined by rate hikes?