|
7/9 |
2003/1/8 [Reference/Tax] UID:27027 Activity:nil |
1/7 Cool loophole in proposed tax cut on dividends. To pay a tax free bonus to your employees (or c-level execs...), just create a special purpose private company "BonusCompany" and seed it with the bonus money. Issue stock to the bonus recipients in proportion to the desired bonus amounts, pay out the bonuses as a dividend, dissolve the company, and viola! -mel \_ Viola? \_ Voila! \_ Only commie countries like America tax dividends and capital gains. |