Ah, I think you replied to my "destroying capitalism" comment when you meant to ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		harryh on Jan 16, 2019 \| parent \| context \| favorite \| on: John C. Bogle Has Died Ah, I think you replied to my "destroying capitalism" comment when you meant to reply to my "tax scam" comment. Two different things. But anyways, the issue isn't about the company vs the owners paying the taxes because in this case the owners are the company. The issue is that these owners are (via the company) are (perhaps illegally) manipulating how their earnings are counted to lower their tax rate.

walshemj on Jan 17, 2019 [–]

Well its what I do as a part owner of a uk investment trusts the company doesn't pay tax on gains but I pay tax on CGT and Dividend income.

A lot of American industry rail roads in particular was funded by British investment trusts.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact