Comment by chris_wot
Comment by chris_wot 10 months ago
Yeah, that is tax minimization, not tax avoidance. There's a big difference.
Comment by chris_wot 10 months ago
Yeah, that is tax minimization, not tax avoidance. There's a big difference.
According to this article, it’s actually evasion when Apple does it!
Those two concepts are very much the same thing. There is no literally distinction between legally minimising the taxes you have to pay, and legally avoiding a tax that you would otherwise have to pay. You just want to have a different word to use to criticise people/groups/companies you don’t like doing something you seem to otherwise approve of, so you don’t look like a hypocrite.
Isn't it tax avoidance (legal) vs tax evasion (illegal)?
How? There's a big difference between avoidance and evasion, but avoidance and minimization mean pretty much the same thing in this context.
If there are any novel or situation-specific conclusions drawn, that sounds like an easy sell to CPAs and independent tax preparers. Maybe even individual tax optimizers.
My naive assumption is that sophisticated analysis will return the same few well-known recommendations almost all the time -- the taxation variant of eating properly, sleeping regularly, and getting appropriate exercise.
Certainly for anything I actually do, I've not found anything that is better than something like TurboTax gives me.
The scope of what I'm working on is trying to build strategies for holding and selling stock as well in order to minimize taxes. I've only ever used it on paper trades.
Very big! Minimization is when I do it, avoidance is when Apple does it.