Every time you lose money, you destabilise your financial position. Never deliberately make a loss just so you can take a tax break. It is ALWAYS better to make a profit and pay the tax if you must. Better still, make the profit and avoid,(not evade), avoid the tax.
There is a distinction between tax avoidance and tax evasion. Tax avoidance is LEGAL, evasion is illegal. This distinction can keep you out of jail.
Showing posts with label tax evasion. Show all posts
Showing posts with label tax evasion. Show all posts
Tuesday, July 26, 2011
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