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If I was thinking about becoming a trading partner of a business that was incorporated in an "offshore haven" then I would think twice. I would ask myself if I
by bdfh42 18y ago
If I was thinking about becoming a trading partner of a business that was incorporated in an "offshore haven" then I would think twice. I would ask myself if I would still have the protection of contract law and if there was likely to be anything else slightly "rum" about an organisation that did not want to pay it's dues to society.
- kingkongrevenge 18y agoGive me a break. A big fraction of the DOW is offshore. Tax avoidance is a reality of business.
- davidw 18y agoWhy not concentrate on increasing the size and value of the business? As long as your growth curve is good, it's more worth your while to sink your time and energy into that, than trying to save some pennies here and there.
- josefresco 18y agoNot exactly pennies, unless you make less than $1 per year.
- davidw 18y agoYes, but the point is that if you're a startup, say, Microsoft, Google, Reddit, eBay, Paypal, Redhat, or whatever (all incorporated in the US), it makes more sense to focus on growing the business, rather than trying to focus on what is relatively pennies compared to growing the size of the pie.
- gojomo 18y agoDo you have a reference for "a big fraction of the Dow is offshore"? Your claim motivated me to try to find facts, and I couldn't find a summary either way.
- johnyzee 18y agoIf they are not offshore I assure you that it is only because they can get away with even less taxes by having a registered charity as a holding company for their assets, or whatever other shell game company structure is more profitable these days. http://www.mentalfloss.com/blogs/archives/14675 http://www.mentalfloss.com/blogs/archives/14675
- josefresco 18y agoExactly, see IKEA
- deleted 18y ago[deleted]