Or how a good boy exemption can allow a company's owners to get a discount on its debt
Excellent post, this. Thank you.
Honestly it's so easy for wealthy richest people to take huge loans and make money from it. Also some companies siphoned off money to other entities in disguise of expenses.
When they start losing, then apply for insolvency and ask creditors for settlement which means lower pay.
Great example of Privatize the gains and socialize the losses.
Can a small business owner does something like this ? I guess never.
This stuff just drives people so angry. Never any real consequences to the decision makers.
Do you think it a more common in India?