| Wyrdness said: It's not legal either as it's a means to not pay taxes which is illegal, it's a loophole and one that many Countries are closing, that salary the company is paying you means little when it's going to be used to pay up for what they owe which increases by the month. As an example you're making them $20 and from that you get $2, they keep $15 and pay $3 tax when they're meant to pay $5, over time what they owe will outweigh what you and anyone else is paid and when the country has to make up the cost that salary you're getting will amount to little just look at Greece. They have to stop companies avoiding Tax for your sake, do you know what cuts mean to make up costs? It impacts your daily life and often cuts never make up what's owed because cuts may stop an expense going out but when money is being leaked out the system it doesn't remedy the problem which means you yourself will have to pay higher taxes and charges in the end while even after the cuts have been made regardless. |
Well since most financial executives aren't getting arrested or businesses getting fined for such it's mostly legal ... loopholes =/= illegal
Salaries mean everything to us when we use it in a lot of our transactions. The owner's will see it fit to pay us for what we're really worth and your example is insane for the most part ...
Greece's problem has to do with it's borrowing issue, not taxation system. 30% of the countries GDP is purely for tax revenue!
