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With high privacy jurisdictions such as Delaware, New Mexico, Wyoming, etc. they're essentially keeping the german tax authority in the dark about the ownership
by redrove 3y ago
With 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.