Thank you for an informative article.
Quick question: If a company is paid in other value than cash (like options or shares in return for consulting services), would there be any corporate tax payable by the company at the end of its fiscal year, based on the value of the shares (the value is likely determined by a third party)?
If I understood the article correctly, you only pay corporate tax on distributed profits. Since options or shares cannot be distributed in cash per say, is it correct that the company would not pay corporate tax for “revenue” of non-cash character?
Thank you.