Quote:
Originally Posted by 12clicks
This is where you're wrong.
Owners don't have to be paid? really?
and what about corps that have shareholders as owners?
what you believe in this case simply isn't true. not only that, the mighty obama is choosing to close an allowable deduction, NOT an illegal way of tax evasion. its no different than him proposing to close the "mortgage interest loophole"
its all hyperbole to gull the less intelligent. (not you specifically)  |
Huh? Yeah, my Company pays my car, I don't... Thus I don't take the pay on the car (ie not taxed on it) and my company gets to take the reduced net income, ie: paying lower taxes.
That's Really simple..
This has nothing to do with shareholders.. Shareholders aren't responsible for companies, the directors are.
It has to do with Companies. And the loophole is directly related to those companies not actually having a business offshore, but acting like they do to hide money. Not those that run a legit business offshore, with employees, an office, etc.
They check a box, say they have a company offshore, they really don't meet the "legal requirements" but can use this loophole, to scape by. Once closed, they will have to actually have an offshore business that does business offshore, with staff... like the "law" says..
When you setup like this, the reason you will be guilty first, is because YOU ARE knowingly breaking the law. Nothing to prove with this, it's a tax loophole that is used by people to evade taxes..