Re:Haraldur Thorleifsson's Personal Site
by ahahahahah on Tuesday March 07, 2023 @05:12PM
(#35062002)
> agreed to structure the buyout of his firm as income for tax reasons
I expect most people will infer the wrong thing here. To be clear, those "tax reasons" were that he wanted to maximize the amount of tax he would pay.
> an agreement between him and Twitter, most of the purchase price was paid as salary to maximize the tax he would pay for the sale in Iceland, he chose to pay for tax out of respect to Iceland for the disability benefits he received. Per the agreement, he paid the second highest tax of an individual in Iceland in 2021.
I expect most people will infer the wrong thing here. To be clear, those "tax reasons" were that he wanted to maximize the amount of tax he would pay.
> an agreement between him and Twitter, most of the purchase price was paid as salary to maximize the tax he would pay for the sale in Iceland, he chose to pay for tax out of respect to Iceland for the disability benefits he received. Per the agreement, he paid the second highest tax of an individual in Iceland in 2021.