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Old 02-04-2005, 10:02 PM  
Love Brokers
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Join Date: Jul 2004
Location: Chatsworth, CA
Posts: 1,699
Taxes and Overseas corps?

If an American citizen establishes a corp in foreign country solely for that foreign market and all of the income is derived from overseas sales of the "product" not directly connected to his U.S. Company, is that income taxable?

Will be checking with tax attorney in couple of weeks, but wanted to get some feed back on this.
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