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Not my idea, nor one I think is perfect, but I assume they are saying this would no be every company, just those where they would rather give shares than pay ta
by ljf 5y ago
Not my idea, nor one I think is perfect, but I assume they are saying this would no be every company, just those where they would rather give shares than pay tax.
No doubt they would be loads of ways to scam this though, setting up supposedly valuable companies to 'pay' a big tax bill, then rinse the company or allow it to fail while diverting profit elsewhere.
- UnpossibleJim 5y agoI was just saying, it sounds an awful lot like forced communism through taxation. A share in a company is a portion and a vote in a company, however small.
- jbay808 5y agoI can't think of a way to scam it, as long as they only allow this method of payment for taxes assessed on the asset itself, rather than as a substitute method of payment for other taxes owed. It would be an interesting idea to explore and could potentially be a massive boon to risky startups by allowing them to hand out equity more freely as incentives without worrying about the accompanying tax burden.