1. By law, they must pass through and distribute at least 90% of their taxable income to shareholders every year.
2. They pay 0% in corporate income taxes on the income they distribute, as long as they meet the 1st requirement.
xai is not even close on either. Terrible take. What they should have said -- xai is looking more like a hyper scaler, the aws for ai infra.
1. By law, they must pass through and distribute at least 90% of their taxable income to shareholders every year.
2. They pay 0% in corporate income taxes on the income they distribute, as long as they meet the 1st requirement.
xai is not even close on either. Terrible take. What they should have said -- xai is looking more like a hyper scaler, the aws for ai infra.