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Controversial article in Railway Age

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  • Member since
    May 2003
  • From: US
  • 24,959 posts
Posted by BaltACD on Saturday, August 31, 2019 5:35 PM

JPS1
The reason the property tax expense incurred by CSX, as well as most large corporations, does not appear as a separate line item in the financial statements is because they are not material.  Showing them would not significantly affect the results and including them would make the financial statements too busy.    

If the carriers wanted property taxes to be a political bargining point - they would be expressly identified.  For whatever their reasons they are not pushing 'unfair' property taxes at the present time - that doesn't mean that they may not do so in the future.

Never too old to have a happy childhood!

              

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