Quote:
Originally Posted by hip hop bunny hop
You're forgetting that the USA is unique in that we tax overseas profits of individuals and corporations. So, even if you did have it generating a nice profits overseas, bringing the money (or goods purchased with the money) back to the USA will result in your ass getting nailed with fees and/or federal penitentiary time.
This is why, during the most recent Tax season, the IRS was offering mitigated penalties to people who were not-disclosing funds they had stashed overseas.
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I believe I already covered that.
You want to get out of paying that you base yourself in one of those places and become a tax exile.
Something I hear is becoming more & more predominant in American business. Hell even the UK offers better tax breaks than the U.S. currently and it seems that U.S. businessmen have not been slow to notice this.