4 ms·

Reading this stuff (as a person from Holland, one of Danish neighbors in Western Europe) I feel like I'm living in Atlas Shrugged. I am very sure the Appsterdam

• nirvana 15y ago
  When Appsterdam came about, I went and researched the tax implications of starting a business in the Netherlands. The Dutch-American Friendship treaty essentially gives americans immediate residency if they start a business (worth something like 12,000 euros or more) in the netherlands. It looked to me like the effective tax rate was going to be around %70. (for my particular situation, but I was counting the taxes levied against the corporation and the taxes I'd end up paying on the income. So if the corp earned $100,000 from app sales, and paid around %30, and then I paid %40 on the remainder that would be more than %70 tax but you see what I mean.) So, I gave the whole appsterdam thing a pass. I reported the %70, and Mike Lee had a conniption, called me a liar, and some other appsterdam person posted a link to the tax tables which.... confirmed that I was being generous. (IF you were a really successful app company your tax rate would be higher.) Amsterdam is really nice in a lot of ways... as is denmark. but there are a lot of really nice places around the world. Most of which are not super expensive to live, and many of them don't tax you for income earned outside their borders.
  • dan85 15y ago
    Can't one go around some taxes by paying to themselves dividends instead of salaries?