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Atlas incorporates companies in the U.S., and US companies will have a filing obligation for federal taxes and an obligation to pay Delaware franchise tax (whic
by patio11 9y ago
Atlas incorporates companies in the U.S., and US companies will have a filing obligation for federal taxes and an obligation to pay Delaware franchise tax (which is basically a renewal fee for the company every year).
Whether it is "additional" tax depends on your circumstances, and is a good question to run by an accountant.
I've run US businesses from Japan for ~10 years or so. The net tax rate of doing is not obviously materially higher than just having a Japanese entity and doing everything through it; I'll avoid giving you the full blow-by-blow of why that is true, since it isn't relevant to your circumstances, but the short version is "foreign tax credits" and "social security totalization agreement " (a bilateral treaty).
- hultner 9y agoDo you know of anyone running an Atlas corporation in Sweden and how it works in conjunction with the Swedish tax system? I've been curious on the concept ever since I first read about it on your blog (which over all is a great read).
- patio11 9y agoWe have a variety of companies opened by folks operating in Sweden (and another 100+ countries besides). I would love to give you an answer regarding the Swedish tax system, but it is not one of the two tax systems that I know enough about to model well and, unfortunately, if it were, I would be legally enjoined from doing any sort of interpretation about how our product interacted with it. I recommend you talk to a local accountant.