4 ms·

So you are of course not taking any advantage of Pension tax reliefs in your 401K and IRA's ?

• jrowley 10y ago
  401K/IRA tax avoidance techniques are codified in law to encourage people to save for retirement so we don't have generations of elderly homeless people. The tax loopholes that companies like Apple tax advantage of are another thing entirely.
  • ryanlol 10y ago
    >The tax loopholes that companies like Apple tax advantage of are another thing entirely. No, the significant ones (i.e. offshore subsidiaries) are very much codified.
    • TeMPOraL 10y ago
      Letter of the law vs. spirit of the law.
      • ryanl0l 10y ago
        Subsidiaries in countries with low tax rates certainly aren't against the spirit of the law.
        • TeMPOraL 10y ago
          Isn't the spirit to promote foreign investment, as opposed to domestic companies restructuring themselves to look foreign on paper?
          • ryanl0l 10y ago
            I'd imagine it's more about not driving all the domestic companies away.
• notahacker 10y ago
  There's a big difference between taking advantage of pension tax reliefs in exactly the way a tax authority designed them to be used and creating an offshore subsidiary charging artificial royalties to exploit the tax authority's openness to actual foreign-owned businesses investing in the local area.