a question about business.....?

  • Thread starter Thread starter Cheselle R
  • Start date Start date
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Cheselle R

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I've read in a book that corporations have by-laws that allows them to splurge their annual income so when tax-collectors arrive, they wouldn't have anything to milk out from the corporation.

1st question: Is that true?
2nd question: Can I apply this in the Philippines?
 
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