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Originally Posted by Dagwolf
Sounds like we've got some conflicting opinions here.
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Right now.. there is no taxation on non-resident Gib corps Dagwolf - tho govt can plan and schedule changes at any time and there is shit in the wind and has been agreed that the benefits non-resident corps have will be removed (as far as taxation is concerned).
There is also a standard requirement exisiting now that a non-res corp will not hold Gib bank accounts else it can be liable for normal Gib corp taxation.
If and when taxation in Gib does come - it's a matter of adjusting corp structures to accomodate change. In the instance of a Gib corp - sounds reasonable to add, say a Panama corp to the structure and where the Panama corp invoices the Gib corp for whatevers - management fees, and in turn wipes out the liability to taxation within Gibraltar. Meanwhile, settlement of invoices by the Gib corp to the Panama corp are not subject to any taxation in Panama.