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IANATL (tax lawyer) but why can't they sell those US developed rights to Bermuda? Don't hate the player, hate the game.
by Narkov 11y ago
IANATL (tax lawyer) but why can't they sell those US developed rights to Bermuda?
Don't hate the player, hate the game.
- baudehlo 11y agoIn this case why can't we hate the player? We apply similar hate to people who abuse the welfare system too. This is very similar.
- Narkov 11y agoThe root cause is still the rules that allow the abuse. It's lazy on all our part to blame Google et al when it is really the rules that force them to do this. See the '5 whys' for why we should look deeper: https://en.wikipedia.org/wiki/5_Whys https://en.wikipedia.org/wiki/5_Whys
- baudehlo 11y agoNothing I said disagrees with that. But if you are on the side of "don't hate the player" you have to feel that way about all abuses of the system. You don't get to pick and choose when you take that stance.
- justincormack 11y agoBecause selling those rights to a wholly owned and controlled subsidiary for less than fair value in order to evade tax is tax evasion.
- sokoloff 11y agoThen contest that they didn't pay fair value for the transfer. IMO, the strongest possible evidence that you could find is that someone else was willing to pay more at that time. You won't find that, so you'll be making a necessarily weaker argument about what the fair price "ought to have been".