camz

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151.
How My Eventual Technical Co-Founder Told Me: “Fuck You, Pay Me”(cameronkeng.com)
6 points by camz 15y ago|1 comments
152.
by camz 15y ago
This loophole is closed for federal corp tax, but its still available for state tax planning.
153.
by camz 15y ago
Technically, anyone could get away with it. But, it's the value proposition that really makes it unrealistic lol. You'd have to be at a point where you're trying to scale your business for this type of tax planning to really kick butt.
154.
Show HN: Pay Rent to Yourself and Deduct it Twice like Walmart (Save 33.5 Mil)(cameronkeng.com)
18 points by camz 15y ago|6 comments
155.
Show HN:How IKEA uses a Charity as Tax Shelter to Pay 3.5% in Taxes on 5 Billion(cameronkeng.com)
6 points by camz 15y ago|0 comments
156.
HN Tax Case Study: How IKEA is a "Charity" Paying 3.5% (Makes Google Look Timid)(cameronkeng.com)
4 points by camz 15y ago|0 comments
157.
The Best States for Startups to Incorporate(cameronkeng.com)
2 points by camz 15y ago|0 comments
158.
by camz 15y ago
I agree with your thoughts and I will definitely take that into consideration in the future, the post was meant to simply the concept of how they tax plan their business and how difficult it is to enact such a plan. To clarify, Google's for
159.
by camz 15y ago
I'm vaguely aware of Citi's tax plan, but I'd have to look into it. If I can learn the details, I'll start a series of case studies that break down the tax strategies of different fortune 500 companies.
160.
by camz 15y ago
Yes that was what we were discussing.
161.
by camz 15y ago
Well technically it is available for small to midsize companies. There a number of websites that market these plans, but usually they're pretty sketchy haha. As an example, "www.escapeartist.com" are what's usually available openly. Most t
162.
by camz 15y ago
Well the corporate tax is meant to collect revenue but it's secondary goal is promote certain activities. Mainly, they want to promote job creation and increased productivity, which is in theory done through reinvestment. When you reinvest
163.
by camz 15y ago
I've actually been asked about IKEA in the past as well. The crux of the issue is that IKEA is the largest single employer and GDP powerhouse of Sweden. So, the country has been more than understanding of their "tax plan." The founder of
164.
by camz 15y ago
I misspoke, I stated auditors but I wasn't specific about his. Pwc, deliotte and friends are financial auditors meant to provide assurance. But the IRS auditors are there for tax audits. It is IRS policy to generally audit fortune 500 compa
165.
by camz 15y ago
GE is a special case. Their tax department has been compared to the big four accounting firms as the unspoken big 5. They pay their tax staff very well and truly are some of the best in the field within every tax specialty. But it's unfair
166.
by camz 15y ago
Lol. It sounds like I worked with your friend. I'd like to note that the US is also a noted tax haven for foreign countries. We aggressively allow our country act as a tax shield for European and Asian companies so we should be throw rocks
167.
by camz 15y ago
Well in this circumstance that's not true because thy aren't paying any tax on more than 95 percent ifthe income because it sits outside the united states jurisdiction in a foreign Corp in the caymans. Until they decide to repatriate the in
168.
by camz 15y ago
That's a very good point. I should've pointed that out. Another thing that everyone should keep in mind, if your company fails to remit the proper amount of payroll tax (social security and medicare), then it is your responsibility to mak
169.
by camz 15y ago
That's a good point. If you're lover of travel or foreign countries, then there are a number of different countries or economic zones that are similar tax havens. Singapore, Hong Kong and etc are tax havens that don't take foreign sourced
170.
by camz 15y ago
Ironically, corporate taxes these days generates less than 20% of the fiscal revenues for the government. Generally, 1040 individual taxes still make up the bulk of the taxes paid. In addition, more than 35% of all taxpayers pay zero tax o
171.
by camz 15y ago
I answered this question a while back for an HN member back on the day the article first hit the web. I have a bunch of questions from members that I've answered over the last year that I'm unloading onto my website. I figured its makes m
172.
How does Google pay 2.4%?(cameronkeng.com)
109 points by camz 15y ago|79 comments
173.
HN Case Study - When to Worry About International Taxes(cameronkeng.com)
1 points by camz 15y ago|0 comments
174.
by camz 15y ago
He amended his returns to take into consideration the business deductions and received a refund as a result of the re-filed returns. Although, I didn't help him file the returns I walked him through the process because he'd be required to
175.
HN Postmortem: Hacker Gets Sent a Tax Bill by Association with Google on Xmas(cameronkeng.com)
3 points by camz 15y ago|2 comments
176.
by camz 15y ago
Heys. I'm glad that they're being used. I'll definitely post the updates as they come. Thanks!
177.
HN Offer: Free Tax Advice - Case Studies from follow HN Hackers
12 points by camz 15y ago|4 comments
178.
by camz 15y ago
You're correct in your analysis. You'd be required to pay tax on the income received based upon the value of the stock (the object received is always going to determine the value or income you've received). A Section 83(b) election doesn'
179.
Offer HN: Free Tax Help from a Pro.
24 points by camz 15y ago|3 comments
180.
by camz 15y ago
I would love some help designing the site and UI for my startup autotax.me Its a tax platform that will help automate taxes for small businesses. If your're interested my email is cameronkeng@gmail.com

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