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How is that significant, though? The fact that the money isn't in any specific national banking system doesn't change the laws that you and your business are su
by chc 13y ago
How is that significant, though? The fact that the money isn't in any specific national banking system doesn't change the laws that you and your business are subject to unless you happen to find a country whose laws only care about property that's in the banking system.
- malandrew 13y agoIt's significant for every type of business that transacts in services that don't necessarily require repatriation until distribution of profits. All purchases and sales of services occurring between two "extra-national" corporate entities are essentially tax free. Only when profits and wages are distributed to individuals would taxes be levied.