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Old 10-28-2002, 01:06 AM  
Sambuka
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Join Date: Sep 2002
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Posts: 500
"The immediate reaction of many foreign Webmasters to the Visa regulations is to run out and form a business entity in the United States. Once they have the entity in place, the general plan is to then transfer money from the bank account of the entity to their local account. The most popular jurisdiction for using this strategy is Nevada. This strategy, however, carries significant practical and tax risks."
by Richard A. Chapo, Esq. AdultInternetLaw.com


The coy setup is a piece of piss...the prob's are the tax implications - as above...



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Well if your accoutant and lawyer are smart enough and work together, they will come up with a nice setup where the US govt get only 7.5% tax or something like that. The money is all paid for management fees, hosting fees, trafffic fees, whatever fees you want to make. That uses up ALL the money and therefore the US govt gets fuck all. You have to be a reasonable size to warrent all this shit though.

Sammy
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