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If your business is currently generating revenue and profitable, your best bet is to move to a low-hassle, low-tax jurisdiction. The United States isn’t a parti
by numair 6y ago
If your business is currently generating revenue and profitable, your best bet is to move to a low-hassle, low-tax jurisdiction. The United States isn’t a particularly low-hassle, low-tax environment, and the rules of the game are increasingly uncertain (especially in terms of future tax increases needed to pay for today’s crises), but you’ll have to deal with it if you are considering foreign investment into your company. Otherwise, look around and do your homework.
To overcome the moral dilemma, you should take the amount you’ll save in taxes in a lower-tax environment and reinvest it into your country. The irony is, since that money is now considered a foreign direct investment into the country’s economy, you’ll be celebrated as a hero. It makes no sense, but that’s pretty much how it works all over the world.
- rmbyrro 6y agoThat's true, the US unfortunately isn't one of the best places for entrepreneurs since a long time ago...