3 ms·
malta cyprus, ireland etc are useful for setting up business there . you can set up a local business that receives royalties from other companies and benefit fr
by cblconfederate 6y ago
malta cyprus, ireland etc are useful for setting up business there . you can set up a local business that receives royalties from other companies and benefit from relatively low tax.
He s probably not doing it for taxes, but for a convenient EU passport and a humble abode in the mediterranean
- mFixman 6y agoCan't you set up an offshore business in a tax heaven without being a citizen?
- cblconfederate 6y agosure. i guess being american means you d have to report dividends back to the IRS.
- mFixman 6y agoBut Schmidt is not renouncing his citizenship, so he'll still have to report dividends back to the IRS despite also being a Cyprot citizen.