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Quote: <BR> <BR>"The Finance ministry has introduced a bill designed to prevent employees from circumventing income tax by accepting dividend payments in lieu of wages. <BR>The ministry wants to patch a tax law loop hole often used <b>by doctors and lawyers</b> to save money. Officials are seeking to stop the practice whereby people draw dividends for regular salaried work. Under the new bill, dividend rights will be restricted to people with significant ownership stakes in companies. <BR>Physicians have for example through their own one-man companies been able to become partners in the private health centres in which they work. The centres’ profits have been channelled to holding companies from which doctors have been able to cash in on tax free annual dividend payments up to 90,000 euros. Law firms have also been known to use this escape clause. " <BR> <BR>Source: <BR> <BR><a href="http://yle.fi/uutiset/news/2009/02/finance_ministry_seeks_to_patch_tax_loophole__524635.html" target=_top>http://yle.fi/uutiset/news/2009/02/finance_ministr y_seeks_to_patch_tax_loophole__524635.html</a> <BR> <BR>In fact, the issue is not so simple at all. Actually it is very complicated. One must invest huge sums to a company in order to get tax-free dividends of 90.000 euros. <BR> <BR>The issue is a so complicated one, that the interested physicians keep quarreling on each other's schemes and calculations. <BR>But the fact is that some of the younger physicians seem to use more of their time in planning tax-avoiding schemes than reading books connected with their profession. <BR>Many participants to FIMNET (net used only by members of Finnish Medical Association) <BR>send almost every day messages containing very exotic legal advices on how to lower one's taxes. <BR> <BR>One keeps wondering, why they actually started to study medicine, as in this country it is much easier to become rich as a lawyer or as a businessman/woman.
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