Tax shelter Techniques

Tax shelter Techniques

 

Ever wondered how large corporates legally minimise their Tax to the greatest extent possible? There are many methods by which taxpayers shelter their losses, but these three characteristics are usually found in tax shelters, either separately or in combination: Taxes are deferred to later years; Ordinary gains (100 percent taxable) are converted to capital gains (only 40 percent taxable), or capital losses (only 50 percent deductible), are converted to ordinary losses (100 percent deductible); in both cases producing a lower tax liability; Leverage is obtained through various financing arrangements… But are these all really legal. It is best to ask an expert. Try getting expert advice by entering your question into the box above.

 

POSTED BY DAVID COLEMAN AT 7:27 AM 0 COMMENTS LABELS: TAX LAW 

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