The problem was that The Onion tipped their hand. They needed to do what these high class tax dodgers do and create a completely separate legal entity (e.g. Information Combat Readiness Group) and submit bids under that name. Once purchased, sell the company to The Onion for pennies, or if they are really smart, rent the assets to the Onion for bajillion dollars, which then the Onion can write off and pay less taxes.
And yes, that’s how our corporate tax system works.
Honestly, what my divorce taught me is that the legal system is set up to protect rich white men from ever experiencing consequences. Obstructing the courts is a great strategy, because you can just draw things out until people give up.
Which is basically what this still is - Jones lost on default because he was refusing to provide evidence or follow the rules. But he’s still getting to opt out of the rules.
CosmicTurtle0@lemmy.dbzer0.com 3 weeks ago
The problem was that The Onion tipped their hand. They needed to do what these high class tax dodgers do and create a completely separate legal entity (e.g. Information Combat Readiness Group) and submit bids under that name. Once purchased, sell the company to The Onion for pennies, or if they are really smart, rent the assets to the Onion for bajillion dollars, which then the Onion can write off and pay less taxes.
And yes, that’s how our corporate tax system works.
andros_rex@lemmy.world 3 weeks ago
Honestly, what my divorce taught me is that the legal system is set up to protect rich white men from ever experiencing consequences. Obstructing the courts is a great strategy, because you can just draw things out until people give up.
Which is basically what this still is - Jones lost on default because he was refusing to provide evidence or follow the rules. But he’s still getting to opt out of the rules.