BlackBerry might be saved by the red ink it has recently spilled
Similar to U.S. tax laws, in Canada losses can be used to reduce profits in a prior year, or can be used in the future to reduce profits. Either way, it lowers the tax bill. If BlackBerry decides to use the red ink to reduce the profits reported for prior years, it could allow the manufacturer to score a refund from the Canada Revenue Agency for taxes already paid. The amount of the refund could go as high as $1 billion according to one report.
Unlike the IRS in the U.S., the Canadian Revenue Agency is more agreeable to helping out a troubled company. A $500 million refund expected by BlackBerry in 2015 could be deposited in BlackBerry's account before the end of this year. Add the $1 billion being raised by the sale of convertible debt, and its still substantial cash hoard and the company does have the wherewithal to make a comeback. It all depends on what the company spends the money on.
Posts: 5993; Member since: Dec 22, 2010
posted on Nov 07, 2013, 12:59 AM 2
Posts: 459; Member since: Sep 14, 2013
posted on Nov 07, 2013, 1:09 AM 1
Posts: 4063; Member since: Jul 23, 2013
posted on Nov 07, 2013, 7:25 AM 0
Posts: 3621; Member since: Jan 19, 2011
posted on Nov 07, 2013, 1:49 AM 3
Posts: 718; Member since: Nov 23, 2012
posted on Nov 07, 2013, 6:45 AM 1
Posts: 47; Member since: Apr 24, 2013
posted on Nov 07, 2013, 3:44 PM 0
Posts: 2; Member since: Apr 01, 2013
posted on Nov 08, 2013, 1:22 PM 0
Posts: 152; Member since: Oct 24, 2012
posted on Nov 08, 2013, 8:10 PM 0
PhoneArena Comments Rules
A discussion is a place, where people can voice their opinion, no matter if it is positive, neutral or negative. However, when posting, one must stay true to the topic, and not just share some random thoughts, which are not directly related to the matter.
Things that are NOT allowed:
- Off-topic talk - you must stick to the subject of discussion
- Trolling - see a description
- Flame wars
- Offensive, hate speech - if you want to say something, say it politely
- Spam/Advertisements - these posts are deleted
- Multiple accounts - one person can have only one account
- Impersonations and offensive nicknames - these accounts get banned
Moderation is done by humans. We try to be as objective as possible and moderate with zero bias. If you think a post should be moderated - please, report it.
Have a question about the rules or why you have been moderated/limited/banned? Please, contact us.
Send a warning to post author
Send a warning to Selected user.
The user has 0 warnings currently.
Next warning will result in ban!
Ban user and delete all posts
Message to PhoneArena moderator (optional):