Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

State tricks companies use to reduce their taxes

user-image
Question ajoutée par Sahar Ghaddar , Financial Controller , Fendi
Date de publication: 2015/02/25
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

The following tricks could be observed:

 

1. Under-invoicing

2. Fake expenses

3. Ghost employees' and their payroll expenses

4. Acquiring loss bearing companies

5. Inter-Group Transactions at wanted price and cost

6. Misapplication of accounting policies

Atasang Kingsley Ateno
par Atasang Kingsley Ateno , Financial Manager , Qatar Golf International

Most companies will use depreciation of fixed asset and benefit given to employees. More So, some company will classify some expenses as taxable expenses which are not taxable indeed. 

Parameshwaran V
par Parameshwaran V , Team Leader, General Accounting , Flextronics Technologies India Pvt.Ltd

Routing the invoicing to the end customer through an associate company in a tax haven & Registering the company in a tax haven should be the two efficient tricks.

More Questions Like This