#taxfraud — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #taxfraud, aggregated by home.social.
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EU to Cut Tax Reporting for Big Multinationals in Overhaul
The European Commission will propose exempting large multinationals subject to the EU’s 15% corporate minimum tax law from…
#Europe #EU #corporateincometax #EuropeanUnion #multinationalcorporations #non-U.S.tax #taxevasion #taxfraud #taxrate
https://www.europesays.com/europe/70223/ -
"In some cases, the #business might repeatedly depreciate the same asset.
“What you do is things like, you’ve depreciated the asset in one entity, so now the basis is zero,” said Mark Luscombe, a Wolters Kluwer #tax #lawyer... “If you sold it, you’d have a big gain and you don’t have any more #depreciation. You instead sell it to a related party so you can start the depreciation all over again.”"
https://www.washingtonpost.com/business/2024/06/17/tax-basis-shifting-irs-partnerships/#Fraud #Taxes #TaxAvoidance #TaxFraud #TaxTheRich #USA #News