How to become a zero taxpayer with the new accounting system?

[alfkan]

I'm based in a country with income taxrate is 35%. This rate is higher than most of the other countries I should think. In the "old days", before the new accounting scheme came into force, it was very simple to avoid tax if your company made operational profit. You just invested that profit into something available and hopefully profitable and suddenly by the turn of the year the taxman paid you back the whole or major part of the paid taxes!   

So, the question arises every day: How do we now minimize tax? 

[[ATA] Sunbao]

I'm based in a country with income taxrate is 35%. This rate is higher than most of the other countries I should think. In the "old days", before the new accounting scheme came into force, it was very simple to avoid tax if your company made operational profit. You just invested that profit into something available and hopefully profitable and suddenly by the turn of the year the taxman paid you back the whole or major part of the paid taxes!   

So, the question arises every day: How do we now minimize tax? 

Just pay your taxes

[alfkan]

In my gameworld I'm writing 10th of December and on the bottomline in the Incomestatement it says I've paid 10M$ in taxes. Isn't anything I can do before year end to reduce that amount?

[ArcherII]

In my gameworld I'm writing 10th of December and on the bottomline in the Incomestatement it says I've paid 10M$ in taxes. Isn't anything I can do before year end to reduce that amount?

Only if at year end you end up having less profits than the required to pay 10mil. Buying planes or slots won't count, they're accounted as assets. Maybe selling planes at a loss? Don't.

[Jona L.]

With the new system the only way to get Taxes back is to write a loss, which would mean, that your airline is about to die anyways

[DavidBurnie]

Someone should suggest "Buy a Government Minister" in feature requests - that's how most airlines get around paying taxes.

[dmoose42]

Scrap some old planes

[ArcherII]

Someone should suggest "Buy a Government Minister" in feature requests - that's how most airlines get around paying taxes.

That worked quite well for Pan Am in the 50s and 60s. It ended putting yet another nail in the coffin after Deregulation. Now back to AWS...

[alfkan]

Okei, got it!

IRL vs AWS; I think allowance for depreciation differs a lot all over the globe. Where higher corporate taxes are more common, "tax-loopholes" seems to be a part of the scheme just to attract investments or as a direct result from heavy lobbying. Would be nice if Sami one day would open up for base oriented allowances for depreciation pending the tax rate in the country of the base.

[Infinity]

Someone should suggest "Buy a Government Minister" in feature requests - that's how most airlines get around paying taxes.

Juan Trippe-Style?

[tcrlaf]

Just work harder...
The unproductive need your money.

[tcrlaf]

Juan Trippe-Style?

LOL!!!

[knobbygb]

The zero tax loophole seems to be well and truly closed and it's a good thing (there, that's something you'd never near me say in real life).  Remember now that the year-end deadline isn't as important as it was as any future losses can be offset against the previous three years' tax.  So, if you make a loss next year or the year after you can STILL get back some or all of that tax you're paying now!  I think.  I don't tend to do the loss making thing so I'm unsure