Tax Compression

[dgodsell]

Has anyone heard about 'tax compression'?

Dave

[Thalo]

Whatever it is, it sounds nice.

[simms]

Whatever it is, it sounds nice.

:D

[notanexpert]

Whatever it is, it sounds nice.

As long as it doesn't "decompress" after an audit...

[dgodsell]

Tax compression is spoken to here:

http://taxreductionconsultants.ca/

It talks about tax compression through the use of perpetual trusts - something I've never heard of before.

It defines tax compression as paying no more than 20% income tax.

This link speaks to how the perpetual trusts are used:

http://taxreductionconsultants.ca/samples.asp


Is it a scam?

[grant]

Is it a scam?
They do make some very grandoise claims without the barest explanation of how they do these tricks:

Solution: Take a $225,000 line of credit at 5% interest. Move the $225,000 into a Perpetual Trust with a minimum annual return that will pay her line of credit's interest AND still double her account every 6-7 years! Connie may choose to receive semi-annual cash-flow, or let the money grow.

I'd love to hear about this magical investment that earns a guaranteed 15%+ return.

[harlequin]

Tax compression is spoken to here:

http://taxreductionconsultants.ca/

It talks about tax compression through the use of perpetual trusts - something I've never heard of before.

It defines tax compression as paying no more than 20% income tax.

This link speaks to how the perpetual trusts are used:

http://taxreductionconsultants.ca/samples.asp


Is it a scam?

Could be; they are under investigation by the OSC:

http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20071120_borealis.jsp

http://www.thepeterboroughexaminer.com/ArticleDisplay.aspx?e=790426&auth=By+NICOLE+RIVA%2FExaminer+Staff+Writer