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That's not how this works.

You pay taxes on what you earn, not on your cash balance. The company will always pay taxes on the $10 million, regardless of when it spends the $9.

Also GAAP taxes are different from cash taxes paid to the IRS.

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Business expenses are deductible. For example, if you are a reseller, you can spend before the end of the year to increase your inventory (and decrease your profits for that year).

Only operating expenses, but in any case you will pay more next year.

What you describe only works for cash basis taxpayers. Public companies are all accrual basis taxpayers. Under accrual accounting increasing your inventory affects the financial statements as follows: * Balance sheet: decreases cash/cash equivalents entry and increases the inventory balance sheet entry (in equal amounts), resulting in no change to net assets or equity * Income statement: no effect * Cash flow statement: will show up as a change to inventory, reducing operating cash flow and total cash flow

That's absolutely false, otherwise all low-margin businesses would go bankrupt from taxation, and Netflix would have paid taxes on their profits in the above article.

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