Ineos Chemicals in Debt (is IA safe?).

[Shopkeep]

Does the proposed massive Old Trafford redevelopment plan now put some context around the recent changes in Ineos sport sponsorship? Maybe Uncle Jim is a genius after all and this redevelopment could be a massive long term earner for him?
https://www.manutd.com/en/news/deta...bition-to-build-a-new-stadium-at-old-trafford

 

[DaveB]

Don't agree 100%.
While it's certainly true what you're saying regarding write-off, losses remain losses, and are not profits, which would be better despite being taxed...

Not sure about every country but normally a business offsets losses and profits against tax.
So either you owe the tax department or they owe you.
As a company never gets and actual payback from the tax department, they accrue the benefit from the loss to use against future years profits.