r/technology

13h ago

u/Logical_Welder3467

Larry Ellison pledged Oracle, Tesla and SpaceX stock for loans before son's Warner deal closed

Business

qz.com Citigroup and JPMorgan added SpaceX and Paramount Skydance collateral in the days before the Oct. 6 closing

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Craigg75

13h ago

Every time they use assets valuation to get a loan those assets need to be taxed at full value.

TeaKingMac

12h ago

Yeah, this happens yearly to homeowners

Scaryclouds

12h ago

Sorry, best we can do is a tax write off on the value of the interest of the loan.

rossg876

12h ago

?? So they claim 100 million in stocks to back the loan? And then they aren’t paying anything on that? Like if I used my house, which I already pay taxes on?

MtnDewTangClan

11h ago

That's exactly what happens.…