Quote:
Originally Posted by Slava
I realize that this is off-topic now, but it's ridiculous. A business entertaining clients trying to generate more taxable revenue should absolutely be able to write that off.
|
At that point isn’t it essentially profiting twice?
If they fail to drum up the extra business or decide to shut down operations the following year they essentially get a write off for zero benefit to the taxpayers.
I’m not saying businesses shouldn’t have the ability to write off any of these types of expenses but I think your view of it as an absolute necessity is rype for abuses.