Timeline for Is using an offshore bank account for my company and spending that money in my country of residence considered illegal tax evasion?
Current License: CC BY-SA 3.0
8 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| May 22, 2014 at 13:18 | comment | added | Kate Gregory | @MichaelBorgwardt in Canada, too. There are plenty of rules, and audits do happen to ensure the rules are followed. My company car has a logbook for recording personal/business use. | |
| May 22, 2014 at 7:16 | comment | added | Michael Borgwardt | @KateGregory: note that specifically in Germany, there are very clear and strict rules for taxing the private use of a company car. | |
| May 22, 2014 at 6:37 | vote | accept | Júlio Santos | ||
| May 21, 2014 at 18:46 | comment | added | Kate Gregory | a version of this is to have the company pay for (and deduct when calculating its own taxes) things that are useful primarily to John - a car, internet access, office supplies, trips to tropical destinations for meetings, etc. This works in small doses and attracts audits in large doses. | |
| May 21, 2014 at 15:09 | comment | added | Michael Borgwardt | @JúlioSantos: correct. | |
| May 21, 2014 at 14:39 | comment | added | Júlio Santos | I'm reading that, if John were to use the company's card to buy groceries, that should be reported so it's taxed as non-wage compensation. Correct? | |
| May 21, 2014 at 10:33 | history | edited | Michael Borgwardt | CC BY-SA 3.0 |
added 258 characters in body
|
| May 21, 2014 at 10:25 | history | answered | Michael Borgwardt | CC BY-SA 3.0 |