View Single Post
Old 08-21-2012, 05:41 AM  
Phoenix
BACON BACON BACON
 
Industry Role:
Join Date: Nov 2002
Location: Poems everybody, the laddie fancies himself a poet
Posts: 35,457
Quote:
Originally Posted by Mutt View Post
This is what I assumed is what's done. But doesn't the IRS or CRA in Canada see through that and make you defend what exactly these 'consultancy services' are and who is providing them?

My best friend comes from a fairly wealthy family, him and his sisters when they were young adults would get paid from the dad's company a couple grand a month. They didn't do any work. I wasn't jealous or envious, not in my nature to be that way BUT I could never understand how the taxman never investigated and I think the company was audited once.
Well those kids would have been paying tax on the income as well.
Im about to start a corporation in china..for non adult of course.
tax there is 4%
__________________
Skype Phoenixskype1
Telegram PhoenixBrad
https://quantads.io
Phoenix is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote