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How to setup a tax haven, in just a few steps!: 1) Create a successful company. 2) Create a new company in Ireland [$400 office and a phone]. 3) Transfer all
by ransom1538 6y ago
How to setup a tax haven, in just a few steps!:
1) Create a successful company.
2) Create a new company in Ireland [$400 office and a phone].
3) Transfer all revenue creating items to Ireland company - leave all cost centers in your host country [US, Germany, etc].
4) Write on your blogs how you back social justice!
- talideon 6y agoWell, no. That's not how it works. That stuff only remotely works with US companies because its tax regime wasn't a territorial one. As of a few years ago, the US finally transitioned to a quasi-territorial tax regime, which plugged some of the holes, but not all of them. And you don't find German (or Japanese, Australian, &c.) multinationals doing this kind of thing because they have _proper_ territorial tax regimes. The US does not, and this kind of thing will continue to be a problem until the US finally does do what the rest of the world does regarding taxation. And it would be nice if they did the same regarding personal taxation.