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Having a shell corporation isn't inherently illegal, but having one in a different country is pretty damn sketchy. If you're a film crew you could register a ne
by boomboomsubban 4y ago
Having a shell corporation isn't inherently illegal, but having one in a different country is pretty damn sketchy. If you're a film crew you could register a new local company to get the same anonymity.
- Arnt 4y agoMy (now ex-)lawyer disagreed with you. "Money is international", he said, and "if you're going to own some Nestlé shares, it doesn't matter whether you own them through a shell in this country or that." The most important factor according to him was that the shell company should be in a country with a stable, predictable taxman.
- boomboomsubban 4y agoThis is saying "you shouldn't care if you pay the tax to your nation" which may not be illegal but is definitely sketchy.
- Arnt 4y agoI think you misunderstand. He didn't talk about tax sums but rather about tax rules. About whether the tax rules for the financial year 2023 are known well before the start of that year. (BTW, he also said that location choice would not avoid Norwegian taxes. I lived in Norway at the time. Defer taxes yes, avoid no. A lot of people confuse deferring and avoiding.)