*Warning you could be about to read a very dumb post
I'm (18m) living in New Zealand who has been very interested in investing in securities for the past few years. I recently read Rich Dad Poor Dad for the first time which championed creating a company. I have looked into the process as well as the tax laws, and as far as I understand it I can avoid capital gains tax by creating a company and investing it through there (https://www.ird.govt.nz/toii/pir/workout/), and avoid company tax by continuously reinvesting any profits made.
Just wondering if this is the most stupid idea in the world, or if it does have some potential, what do I have to look out for?
Submitted October 16, 2018 at 03:09AM by Larry-laxer https://ift.tt/2PBSytC
