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This makes a lot of sense. There’s no way for the money to get out of the corporation without being taxed, we have all these R&D deductions to make many compani
by Schiendelman 6y ago
This makes a lot of sense. There’s no way for the money to get out of the corporation without being taxed, we have all these R&D deductions to make many companies able to pay nothing, why not be direct about it?
On the other hand, is the status quo ok? Are we getting something out of companies having to do these specific activities to deduct?
- tim333 6y ago>There’s no way for the money to get out of the corporation without being taxed Not totally true. Interest free loan to the owner or his mother in law. Company buys a house / car / jet owner can use. Company buys consultancy services from the owners other company based in the Bahamas etc
- Schiendelman 6y agoThose expenditures aren’t tax deductible; they aren’t r&d.