4 ms·
(I'm not a proponent of the 0% corporate tax, fwiw) If you are running the SaaS from Monaco and only selling things in the US, isn't it right that you'd only p
by albntomat0 6y ago
(I'm not a proponent of the 0% corporate tax, fwiw)
If you are running the SaaS from Monaco and only selling things in the US, isn't it right that you'd only pay sales tax?
It's the mismatch when work is done in one place (for some definition of work), but profits taxed elsewhere that's the issue, as I understand it.
0% corporate tax and higher individual income tax works as long as a company and its employees have to use the "full stack" of taxes, and can't mix and match across borders.
- dkjaudyeqooe 6y agoI don't pay sales tax, only my customers do, if they are in a state that charges sales tax. No one pays income or capital gains taxes in Monaco, but my SaaS is genius remember, so I have only a small number of employees at any rate. I don't think anything of what I'm proposing is right, I'm just thinking though the consequences of a 0% corporate tax.
- deleted 6y ago[deleted]
- sundbry 6y agoIn that situation you have nothing but deferred consumption (savings) accrued in your corporate bank account. You're just soaking currency out of the economy. It's fine if none of that money is taxed because it's not moving. As soon as you use it, it's taxed.