Basically, I'm wondering if a private company can spread out any business gains among it's employees, by paying them large salaries in order to reduce or eliminate taxes on the business?
Can a privately owned company legally pay it's executives anything it wants?
- Posted:
- 3+ months ago by Zappattack
- Topics:
- company, executive
Details:
Responses (1)
Courts have ruled that people and companies have a right to arrange their affairs to result in lower taxes. But in some countries, and in varying types of companies, the government pretty much owns the company, so a lawyer's advice is probably needed to answer your question.
Thanks for the reply Jewels, but I think I need to clarify the question. I'll do so within the original question's post.