Quote:
Originally Posted by vendot
If you personally earn $50m in Bulgaria, you will pay $5m income tax
If you personally earn $50m in Isle of Man, you will pay $200k income tax (because max income tax paid in any yr is £100k or approx $200k)
Thats why PokerStars & Neteller is out there. So it depends where your at in your biz, but youll probably have a more enjoyable lifestyle in Bulgaria  |
I get your point, and It's partially taken
To my understanding though (haven't delved into it deep enough yet), You can set up a "non-resident" company, and only be personally taxed in the country you are personally resident in...
The company itself will have Isle of Man's ZERO corporate *profit* tax, and then the company pays out a wage (effectively, *you* set the level) to you in Bulgaria..
where you personally pay just 10% income tax on that.. know whatta mean?