Posted: Apr 14, 2012 6:35 pm
For instance there is a professor at my uni who has a blog. The professor bought a new car and put a bumper sticker on it with the site address, then claimed the car was a business expense(advertising) on the tax form. Trying to separate what is an illegitimate expense and what is a stupid investment can be difficult. For smaller businesses you can away with that kind of stuff more easily.
Problem is what nation has the resources to actually determine if that is legitimate or not, even if it isnt generally all you will be asked to do is pay the tax without additional penalty