@alexcobham - Do you really see this as a loophole? Seems as much much a 'loophole' as paying wages....
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Replying to @alexcobham
@alexcobham “Twitter set to save millions in corporate income taxes from stock loophole http://ow.ly/qw0KY ”1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Aha... That was a RT, right? I didn't think it was a word I'd used recently. Do I agree with the choice of word in a RT? Well...1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater Seems fair enough here, yes - I'd probably share view of CTJ and Sen. Levin that deduction of unpaid 'expenses' is a loophole2 replies 0 retweets 0 likes -
Replying to @alexcobham
Maya Forstater Retweeted Maya Forstater
@alexcobham - it’s not ‘unpaid expenses' though - it’s payment in kind with a chunk of property -https://twitter.com/MForstater/status/397818378964189184 …Maya Forstater added,
1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater I don't think anyone is arguing this is imaginary money, or costless; q is whether it is should be a tax-deductible expense1 reply 0 retweets 0 likes -
Replying to @alexcobham
@alexcobham wd it make a difference to your view if income taxed on individuals? Genuine q.@MForstater1 reply 0 retweets 0 likes -
Replying to @hselftax
@hselftax@MForstater I think it is, no? But the point is around whether or not equivalent to expense from corporate side.2 replies 0 retweets 0 likes
@alexcobham @hselftax - idea that it is a loophole does seen to rely on the idea that it is costless “like empty seats on a plane”.
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