Wealthiest 3,000 working on ‘edge of legality’ using shell companies to funnel dividends and own property to avoid income tax, says study
  • Moneo@lemmy.worldEnglish
    3·
    1 year ago

    I know this is super lazy but if possible can you explain how this works in a sentence or two? Let’s say I have 5 million invested in stocks.

    • exonac@feddit.deEnglish
      4·
      1 year ago

      5-3=2 then whatever is the percentage. Let’s say 1%. That’s 20k. You do your annual tax report and it will conclude you need to send 20k€ to the tax office. This in addition to any taxes you owe due to your earnings.

      • Moneo@lemmy.worldEnglish
        1·
        1 year ago

        Thank you. I have more questions now but I should probably just google websearch it at this point.