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Is it possible for non-investors (i.e. small business owners) to avoid taxes using strategies like a "Cayman Islands mail drop"? If so, I propose this HACK to
by bravura 14y ago
Is it possible for non-investors (i.e. small business owners) to avoid taxes using strategies like a "Cayman Islands mail drop"?
If so, I propose this HACK to solve the tax issue:
Create a site that disseminates information on how small businesses can avoid (not evade) taxes using these approaches that are typically only known to advanced acolytes. Evolve processes that significantly reduces the cost for avoiding taxes effectively. (I imagine that that these complicated loopholes aren't actually that complicated, just that the knowledge is rarified.)
If many people, including a large portion of the upper-middle class, reduced their tax liability, this would significantly increase the amount of attention paid to this issue.
- prostoalex 14y agoSmall business owners are least affected by capital gains increase, since the capital gains tax event is triggered only during sale. The proposed terms of sale (taxation included) don't make sense for you as the business owner? Then either ask for a higher price or don't sell.