Re:Facebook Tax Bill Over Ireland Move Could Cost $5B
by maxerickson on Saturday July 30, 2016 @03:12PM
(#12194262)
Under current law, if you live rent free in a house provided by a corporation that you owned, you anyway have to recognize an appropriate amount of personal income for that. Same with the use of a vehicle.
Compliance in such situations would probably be lower with no corporate tax, by incorporating isn't some magic process that makes income disappear.
Compliance in such situations would probably be lower with no corporate tax, by incorporating isn't some magic process that makes income disappear.