This method of tax avoidance is very straightforward Of the
Description
This method of tax avoidance is very straightforward Of the
Shared by: alendar
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- posted:
- 3/13/2010
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- English
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- 1
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This method of tax avoidance is very straightforward: Of the monies I received from my clients I declare all the monies due to a foreign patent attorneys as a tax-deductible expense, but never actually remit these monies to the foreign patent attorneys. Those monies I transfer into my Family Trust. This Trust then trades as a separate entity (Wobbegong Technology Information Pty. Ltd. ACN 066 590 163), which again steals money from my clients by acting as a service provider, pays no rent for its office or any other services it engages. Again, these unpaid overheads are also declared as tax-deductible expenses. This Family Trust is run by my wife Wendy. "Wendy" is actually quite stupid, but when it came to participating in my schemes she just excelled and took to it like a duck to water.
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