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> Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on
by Hermel 11y ago
> Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns.
That's not what I imagine when reading "zero taxes".
- StavrosK 11y agoYeah, that's just "taxes".
- hellofunk 11y agoExactly. Everyone is still taxed, is just a question of accounting as to who and how you get taxed. To say U.S. corps are zero-taxed is quite misleading.
- winter_blue 11y agoNormally, with a C-Corp, there's double taxation. The company pays taxes on the profit, and then shareholders pay taxes on the dividends they receive. But what the shareholder pays is effective his individual tax -- not corporate. And, I'm guessing Albania has individual income tax. Also, I'm pretty sure most of those countries with low or zero corporate taxes have individual income taxes.