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What's the benefit of doing that? You'd still be subject to the local laws if you are in Germany for more than > 6 months a year and the fees that Deel is charg
by dewey 3y ago
What's the benefit of doing that? You'd still be subject to the local laws if you are in Germany for more than > 6 months a year and the fees that Deel is charging for your salary are not that low either.
- redrove 3y agoWith high privacy jurisdictions such as Delaware, New Mexico, Wyoming, etc. they're essentially keeping the german tax authority in the dark about the ownership of those LLCs, which might change now with the new US mandated filing with FinCEN for UBOs. They're all committing tax fraud and thinking they're in the clear, only getting away with it due to lack of international cooperation. It will bite them in the ass sooner or later, the taxman always gets his cut. The only way to avoid it is to physically move out.
- dewey 3y agoThat's what I suspected. The amount of misinformation regarding tax-residency and exit taxes that people just believe because they saw some YouTube videos is scary.