Quote:
Originally Posted by BradBreakfast
I've been wondering this too, I was looking at all the DMCA agent filings for all the major tubes and they all seem to be out of Hong Kong... what's up with that? Hong Kong's tax rate from what I read is only 16.50% which sounds like a lot but that's only $1650 for ever $1 million. I don't mind paying that.
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Actually, that's $165,000 out of every Million, not $1,650.
BUT that only applies to revenues produced from business carried on INSIDE of Hong Kong.
Just like Panama, there is no tax on foreign-sourced revenues in Hong Kong. I.E. if your money is produced from commerce occurring outside of the country, e.g. through a merchant account in the EU for internet related business, then you pay no corporate taxes when you sweep the revenues into your Hong Kong or Panamanian corp.
HOWEVER, be advised that if you are a US citizen, then simply living outside the US will not give you any protection from US personal income tax obligations on any income over 85k per year.
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