Re: Business, Economics & Tax Policy 6.0: Nope, it only found woven strands
New Tax Law – a new tax law could make trades for NHL teams in the United States more difficult. According to the New York Times a new tax law could mean that teams will face capital gains taxes every time a player is traded. “The law changed a corner of the tax code that mostly applies to farmers, manufacturers and other businesses that until recently could swap certain assets like trucks and machinery tax-free. But by adding a single word to the newly written tax code — ‘real’ — the law now allows only real estate swaps to qualify for that special treatment.” “We are looking in to it,” commissioner Gary Bettman told Sportsnet on Tuesday
New Tax Law – a new tax law could make trades for NHL teams in the United States more difficult. According to the New York Times a new tax law could mean that teams will face capital gains taxes every time a player is traded. “The law changed a corner of the tax code that mostly applies to farmers, manufacturers and other businesses that until recently could swap certain assets like trucks and machinery tax-free. But by adding a single word to the newly written tax code — ‘real’ — the law now allows only real estate swaps to qualify for that special treatment.” “We are looking in to it,” commissioner Gary Bettman told Sportsnet on Tuesday
Comment