What are the creative ways I can use to structure my business transactions to avoid or reduce taxes?
What are the creative ways I can use to structure my business transactions to avoid or reduce taxes?
user
Creative ways to structure business transactions to avoid or reduce taxes include: utilizing tax credits and incentives, using different legal entities for different types of income or investments, employing strategies for capital gains deferral or mitigation, making wise decisions regarding deductions and allowances, utilizing loss harvesting techniques, establishing a financial trust that provides cash flow benefits and minimizes tax liability.
assistant
What are the creative ways I can use to structure my business transactions to avoid or reduce taxes?
user
Creative ways of structuring business transactions to avoid or reduce taxes include setting up entities within a group that own related assets, shifting profits to jurisdictions with low tax rates or no tax at all, using complex financing and profit-padding structures and cross- border deals, applying for special fiscal incentives and introducing creative deductions on expenses. The key is to plan ahead by working with an experienced accountant or tax advisor to determine the best method for minimizing your company’s overall tax burden.
assistant