Uber used 50 Dutch shell companies to dodge taxes on $6B in revenue

Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by varenc on Wednesday May 12, 2021 @10:19PM (#27137706)

I suspect there's a large fixed cost to arrange this so it doesn't make sense for most people. Though maybe there's way to make it cheaper!

Also with inheritance tax in the US, your estate isn't taxed unless it's worth more than $11.18 million [0]. So doesn't matter for most people. It's estimated only %0.2 of estates pay the tax.

[0] https://en.wikipedia.org/wiki/Estate_tax_in_the_United_State...

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Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by dheera on Wednesday May 12, 2021 @10:30PM (#27137787)

I suppose a lot of the fixed costs are lawyers charging $1000/hour to fill in some blanks on some Word templates?

Maybe an entrepreneur just needs to make that a web form. Fill in details and generate the same form for $10 instead of $1000.

And then some robots to print, seal up, and mail the envelopes and we're done.

I should be able to spin up a Dutch shell company like an EC2 instance. Maybe have "AWS" regions for Cayman and other places too and a Python API to spin up shell companies in arbitrary locales.

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Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by the_local_host on Wednesday May 12, 2021 @10:44PM (#27137867)

Each pod in a Kubernetes cluster should register itself as a separate LLC and declare bankruptcy on shutdown. Free cloud deployments!

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Re:Uber used 50 Dutch shell companies to dodge taxes on $6B ... by ALittleLight on Wednesday May 12, 2021 @11:06PM (#27137983)

Could there be one Dutch Shell Company Company and individuals could enter into a contract with it to pass their wealth through to avoid taxes?

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