This strategy involves directing business or investment income across to a taxpayer’s loss-company or trust. Loss companies and trusts are entities that have either unapplied revenue tax losses or capital losses. These losses may have been incurred as the result of previously operating a business at a loss or having investment losses on shares…
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2