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by bombcar 725 days ago
You can pretty closely simulate a non-profit with a for-profit enterprise with a bit of "clever accounting" as long as you're not taking profits out.

Once they come out, they get taxed, as salary or distributions.

What the for-profit ALSO gets taxed on is "income" but if you manufacture expenses you can keep your income low or non-existent (this is what companies do when they transfer their IP to a tax haven and then charge themselves for it).

1 comments

You've just suggested tax fraud, and the mechanism you referred to is no longer a viable method for accomplishing it...