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Originally Posted by Locke
In hockey there are limits as to waht they're allowed to do, its not like each player is a corporation thats spinning dividends off or divesting their income into investments, as per the NHL CBA I think they all have to be employees.
By the same token, there are still some loopholes and ways around that kind of thing as well.
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Not for profit organizations. Golf charities seem to be very popular with hockey players right? Sounds innocuous enough for worthy causes. Events like these are setup and funded through charitable trusts, foundations or pooled together via donor advised funds and are tax havens for entertainers.
They get positive branding, current year tax deduction, limitless tax deferral on the donated amount, expense accounts that would make auditors blush and the ability to hire family or friends to run the non profit. A lot of abuse and loopholes with charitable trusts, CRUTs etc..