Five of the biggest US tech giants are carrying $1.65 trillion in debt that does not show up on their balance sheets, more than the debt that does. It is bankrolling the AI data-centre boom, it is perfectly legal, and it uses the same accounting trick that brought down Enron.
Yeah, but the people who write the laws are the ones who directly benefit from these loopholes. They’re not going to saw off the branch they’re sitting on.