Re:The Perks Are Great, Just Don’t Ask What We Do
by notacoward on Tuesday May 31, 2016 @02:27PM
(#11808793)
Thank you. Actions that are deemed to have been taken solely for their tax effects are clearly and explicitly deemed tax evasion by the IRS, and are prosecuted as such. I believe other countries have similar standards. There's a lot of room to give people the benefit of the doubt, e.g. by counting the good will from charitable activities as a credible alternate reason, but there's no license and certainly no requirement to cheat.
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Re:The Perks Are Great, Just Don’t Ask What We Do
by ryanl0l on Tuesday May 31, 2016 @03:24PM
(#11809367)
>Actions that are deemed to have been taken solely for their tax effects are clearly and explicitly deemed tax evasion by the IRS
This is just not true.
Re:The Perks Are Great, Just Don’t Ask What We Do
by notacoward on Tuesday May 31, 2016 @03:37PM
(#11809490)
Here are some citations.
https://www.irs.gov/pub/irs-drop/n-14-58.pdf
https://www.irs.gov/Businesses/Guidance-for-Examiners-and-Ma...
Just look up "sham transaction" for plenty more. It's a very well established concept and doctrine. Nobody should be splitting hairs about avoiding vs. evading taxes, or generally pontificating about fiduciary duty, without understanding it.
Re:The Perks Are Great, Just Don’t Ask What We Do
by ryanl0l on Tuesday May 31, 2016 @04:41PM
(#11810034)
That's not what you said though.
>Actions that are deemed to have been taken solely for their tax effects are clearly and explicitly deemed tax evasion by the IRS
What you said would make almost all tax avoidance into tax evasion. Hell, even claiming deductions would by your logic be tax evasion.
Re:The Perks Are Great, Just Don’t Ask What We Do
by notacoward on Tuesday May 31, 2016 @05:03PM
(#11810214)
You didn't read the citations before saying that, did you?