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Bobsprit has 2 Boats!
On 13 Nov 2003 09:52:53 GMT, (SkitchNYC) wrote:
Bwahahahahaha OK, joker. Your investment company pays you a wage? What a
laugh. You better try again, cause that ain't gonna work
Really?
Why wouldn't any company pay its employees?
Cause there are a million better ways to get gains or income out and cause
you're gonna turn capital gains into personal income that way - not too smart.
Look, even if you had this setup (which you do not), it would be
about the most ass-backwards way to hold assets, particularly
income-producing
ones as you describe them
Really, maybe yoou should take a look at how company taxes work in Oz
after all that's where I live.
It is certainly the case in the US, and according
to my AAR friends it is in Oz also
AAR? Some accountancy mob?
They don't know **** about Oz practice...neither do I actually, I just
pay my accountancy firm a lot of money every year to save me a lot
more.
The fact that you don't even know who AAR is or would say that "they don't know
**** about Oz" tells all. They are the biggest Oz law firm and the leading tax
advisor there and the firm consisting of some of my best friends (see, all
Ozzies are not assholes).
Maybe you could tell me about tax liability in France and Greece
as well.
And, to top it off, you still haven't
explained why you or Boobs could gain any advantage by having an individual
(like a wife) hold assets. Please get back to the question at hand (but
thanks
for the laugh anyway).
You get sidetracked easily don't you?
No, but I do tire of your saying so in an attempt to avoid an issue.
But I would assume that asset protection is universal as is tax
minimization.
True, but not nearly as important, unless you are planning to go bankrupt.
Hope you can laugh at your inadequacy as much as I'm laughing at them
Ouch, that one really hurt - whatever it meant.
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