1st world country, 3rd world situation, Uniquely Singapore
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Originally posted by O o O:
Eagle, if you have no clue about what you are talking, I would advice that you dont even talk about it because there are many blind soul like you in this forum who will take what you say without using their common sense.e.g.
Company A, who doesnt employ housewife to do nothing
NPBT = $1,000,000
Tax = ($200,000) - assuming at 20%
Nett Profit = $800,000
Company EAGLE, who employ 10 housewife to do nothing at $150,000 per head also make $1,000,000 profit before tax. However because of the 10 housewife he employed, he manage to inflation the cost of business by $1.4m (see below
CPF contribution = 13% x 4500 x 12 months x 10 housewife = $70,020
Inflated Cost = 150,000 x 10 - 70,020 = $1,429,980
Actual NPBT = $1,000,000
Fake NPBT = $1,000,000 - $1,429,980 = - ($429,980)
Tax = ZERO
Tax invasion = $200,000
Net return to Eagle = $200,000 - 70020 = $129,980
Eagle, are you trying to tell us that this is LEGAL?
You should realise that only someone like you with so substance takes "if" scenarios instead of hard facts to substantiate arguments
And from your calculations, it is already obvious you do not understand what was said. Don't be more stupid
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Originally posted by O o O:
No one is as stupid as you do, so I think you need to go back to your own planet because only those brainless aliens in your planet wont question what you said.ya la ya la.
a strong reaction from you when you are caught, as usual.
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Originally posted by stupidissmart:
I think it is hard to convince u tat it is a tax cheat offense, and it is against the ministry of manpower to play with the local and foreign quota in tis manner. I have sent 2 anonymous email enquiries to the two department and state your hypothesis to them. So lets see if they will response and we shall treat their answer as final. If u felt I will ask unfair questions, u r free to write letter to the respective department and wait for their reply as well.
I will trust you that you have sent the emails.
But you should still post both your emails and replies, if any, to convince me. Furthermore, you should post your email here to let me see if you have missed out anything or added extra information in which I have not claimed for the 'hypothesis'. You should also tell me which 2 departments exactly you had emailed.
There's absolutely no point telling me you have emailed if you do not post out the contents.
And in any case, using legal methods to reduce the amount of tax paid is not called tax evasion, nor is it cheating of tax.
When should the deadline for the replies be?
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I will post it after they reply to me. However I did provide fake tel number as well fake IC number etc so it may be possible they will not reply to my enquiries
One of them is IRAS
http://www.iras.gov.sg/irasHome/page.aspx?id=1092
The other is ministry of manpower
http://www.mom.gov.sg/publish/momportal/en/header/feedback.html
I must say the content of the enquiries r very brief and may not portray the idea tat u wanna articulate. Tat is why to be fair, u can also ask the same question in your way.
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Originally posted by eagle:
You should realise that only someone like you with so substance takes "if" scenarios instead of hard facts to substantiate arguments
And from your calculations, it is already obvious you do not understand what was said. Don't be more stupid
Eagle, please dont try to be smart by calling others stupid. If you think are you smart, then answer the follow question.
1) Please show us with example how a Singapore company can benefit from employing housewife to do NOTHING.
2) Please explain to us why you say that by doing so it is not illegal
3) Do you personally know of any company that is doing what you said? Or are you merely using what other said in this forum blindly?
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Originally posted by stupidissmart:
I will post it after they reply to me. However I did provide fake tel number as well fake IC number etc so it may be possible they will not reply to my enquiries
I mean you should post the email that you have sent now. Do a forum reply to those posts when you receive a reply
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Originally posted by eagle:
ya la ya la.
a strong reaction from you when you are caught, as usual.
I am surprise you havent start using all that smiley faces in your reply. I guess it should be coming anytime soon. -
Originally posted by eagle:
I mean you should post the email that you have sent now. Do a forum reply to those posts when you receive a reply
Why dont you give him your email address and IC no and he will post the email to the ministry on your behalf. That way you will not only get the direct reply from them, you can also lie and laugh at yourself and others wont even know it. -
Gazelle, if you have nothing constructive to say, please do not troll around and disrupt the discussion between me and stupidissmart.
I'm very sure you realised your childish and stupid posts are mostly ignored.
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Sad to say I send the email using their website as stated above and providing for them a return email address. I did not save the exact content in it since it is like filling up a form. If they choose to reply, the previous mode of asking the question should be present.
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Originally posted by stupidissmart:
Sad to say I send the email using their website as stated above and providing for them a return email address. I did not save the exact content in it but if they choose to reply, the previous mode of asking the question should be present.
Hopefully.
But if they don't reply, we can't get a conclusion.
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This is the enquiry I sent to IRAS... Actually come to think of it I should rephrase the question asked.
Dear Sir/Madam We have received your query. Your acknowledgement number is 067088. At IRAS, we are committed to helping you meet your tax obligations.If your email requires a response from us, we will get back to you within 5 working days. However, depending on the nature and complexity of your enquiries, we may need up to 10 working days to review some cases. For job(s) and/or scholarship(s) applications, only shortlisted candidates will be informed.
Thank you. Have a nice day!
Your Partner in Nation-Building,Inland Revenue Authority of Singapore Our Taxes. Our Nation. ******** Query submitted ******** Name of Taxpayer: john chan Name of Sender: Designation of Sender : Email: [email protected] Contact No: 90123456 Tax reference number: Nature of your enquiry: Companies / Payment matters Message: I employ 10 people who do not do anything. Every month the money I earn from the busines is divided by 10 and given to tis group of people as their salary. Is this illegal ? No. of files attached: 0 -
the way you phrase it does not accurately reflect what I meant.
To be fair, I think that it is actually more biased towards my stand...
I'm wondering if they will reply that the scenario is too vague -.-"
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I agree with u tat is is biased against u. So why don't u write a letetr over in the manner u wanna enquire and see wat is their response.
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Originally posted by stupidissmart:
I agree with u tat is is biased against u. So why don't u write a letetr over in the manner u wanna enquire and see wat is their response.
No, not against. I said towards.
Means it is in my favour. Really.
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ok la.. tat is the best scenario. I think it is baised towards me and u think it is biased towards u. Lets see if they will reply then
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I think this is one of the most idiotic letter ever conceived.
"I employ 10 people who do not do anything"
I employed 10 persons, but they do nothing. Then why do you employ them in the first place? It's like robbing a bank and leaving your IC with the bank manager.
GOSH!!!
I don't know the kind of education these folks go through in Singapore.
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Trust me... u have to read back all the replies before.
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Originally posted by maurizio13:
I think this is one of the most idiotic letter ever conceived.
"I employ 10 people who do not do anything"
I employed 10 persons, but they do nothing. Then why do you employ them in the first place? It's like robbing a bank and leaving your IC with the bank manager.
GOSH!!!
I don't know the kind of education these folks go through in Singapore.
No idea too.
None of my statements used the phrase "do not do anything". I used "do nothing" all the way.
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Sad when folks can't distinguish between tax avoidance and tax evasion, but these are the same folks that lack the ability to think objectively.
So u r here just to hurl insults ? Wat is your comment on the tax evasion case then ?
Frankly speaking, wat is the difference between the word "avoidance" and "evasion"
avoidance: the act of avoiding or keeping away from
evasion: an act or instance of escaping, avoiding, or shirking something
and eagle, wat is the difference in the meaning "do not do anything" and "do nothing" ?
So since u think there is a big difference between the words, please elaborate
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Originally posted by eagle:
Interestingly, some other folks coined a new term called tax invasion
hehehe......must be that animal that goes on it's fours.
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It is also typical for trolls not to think objectively. Any trolls here ?
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Originally posted by stupidissmart:
So u r here just to hurl insults ? Wat is your comment on the tax evasion case then ?
Frankly speaking, wat is the difference between the word "avoidance" and "evasion"
avoidance: the act of avoiding or keeping away from
evasion: an act or instance of escaping, avoiding, or shirking something
and eagle, wat is the difference in the meaning "do not do anything" and "do nothing" ?
So since u think there is a big difference between the words, please elaborate
Did I insult you?I am merely pointing out the fools that can't differentiate between tax avoidance and tax evasion.