Well, no, not really

OK, so we’d not expect the folks at The Guardian/The Observer to grasp basic business and tax things in general but we might at least hope for it in the business leaders:

While businesses might bleat about the extra burden on them, the White House can point out that only profitable firms will pay a higher levy and debt repayments can, as always, be written off against revenues.

Debt repayments aren’t written off against revenues. Debt financing costs are but not repayments of principal…..

4 thoughts on “Well, no, not really”

  1. Further on fvckwit journos writing on business and the economy:

    Richard Murphy will be writing exclusive analysis for The National once a week from now on.

  2. Fvckwit writes for fvckwait paper, read by fvckwits. It would seem a match made in heaven.

  3. “ Richard Murphy will be writing exclusive analysis for The National once a week from now on.”

    Good. An opportunity to pile on in the comments and show him up for what he is.

  4. Surreptitious Evil

    Murphy … The National …

    In the potentially defining case of thanks for the smallest mercies, at least their coverage of matters economic will marginally improve.

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