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A comment on Yellen calls for a global minimum corporate tax rate. Parent comment

Re:Yellen calls for a global minimum corporate tax rate by coredog64 on Monday April 05, 2021 @03:44PM (#26703659)
If a corporation owns my house and doesn’t charge me rent, then imputed rent is a taxable benefit. Same with a car.

If my corporation owns a biz jet, then there has to be a purpose to the travel it offers. The IRS is going to look askance at trips to Hawaii with your spouse and kids being explained as “for business”. Best case, they identify it as a taxable benefit and then you pax tax, interest, and penalties.

In general, I think there’s an overestimation of what the IRS hasn’t already cottoned to WRT people trying to live within a corporation.

Now family trusts are different, but that’s not the subject of discussion.

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Re:Yellen calls for a global minimum corporate tax rate by nodamage on Monday April 05, 2021 @04:34PM (#26704334)
The corporation doesn't have to pay for these things for you to recognize a massive tax benefit from a 0% corporate tax rate. If you can route your earnings through corporation in this scenario then you effectively pay zero taxes on the delta between your income earned minus your annual expenses.
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