Moody's found 21 million "red flags" in its an analysis of shell companies. One listed director — at 942 years old — would have been born in the 11th century.
You’re looking at it backwards. Look at it the ultra-wealthy way: you are the dependent your dog claims on his taxes, but you do all the work and pay the bills. The money just passes through you to accomplish these things, but it’s not your fault your dog can’t read the tax code.
If corps can do this and its legal, I should be able to claim my dog as a dependent on my taxes.
Well, no, because you see, you’re not filthy rich, so you actually have to abide by the law.
You’re looking at it backwards. Look at it the ultra-wealthy way: you are the dependent your dog claims on his taxes, but you do all the work and pay the bills. The money just passes through you to accomplish these things, but it’s not your fault your dog can’t read the tax code.