Keep at em!! :Graucho

There is some logic in the Caribbean, US and Canadian regions, but this obviously is to the detrement of Canadian webmasters and others.

Na.. the Banana Republic is not Canada or in the Caribbean.. tis someplace in between!!:Graucho

KK - But that's just the processors who have been circumventing Visa's cross-border regs, right? For example, I was under the impression that CCBillEU is fully compliant with all of Visa's rules and regulations. Do you know anything to the contrary?

There's no way that I want my business to be subject to the whims of the IRS. It's bad enough dealing with the Australian Tax Office! I'm therefore planning to set-up a Gibralta company and have CCBillEU as my primary processor. Are you aware of any specific reasons why this would be a bad way to go?

Webby - I think think your advice re going offfshore was spot-on :thumbsup I don't understand why more people are not thinking about setting-up in a tax haven. Once you establish a company outside your country of residence you ARE offshore. So why not do it in a country where there's no tax and no requirement for detailed book keeping, tax returns, etc?

"Easy way out"... Next courriel

Cuz most people are fucking lemmings. :1orglaugh

Hi Groove! Something! I don't know the tax laws where you are, but.. as a guide. Example! If you are remain resident within your country of citizenship, it is usually the case that any funds you bring into your country, - you are "obliged" to pay taxes on.
I know this is the case in both Canada and UK.

The method is.. well .. free for you to choose, ie. an offshore can engage you in "meaningful employment" *s* and you can send em a bill and they pay you. This is all declared to the tax authorities in you country of citizenship.

To be "really" offshore, (and pay not one dime) you would have to live out of your country for more than X months a year. In this instance, you pay no taxes in either the offshore or your country of citizenship.

I would think the Australian tax laws in this area are similar to UK etc.

Most countries of the world work on this principle except the US and a couple of Arab countries.

Freedom rules!!!:winkwink:

And... sorry, the above is the "proper version" - in reality the situation is much simpler!:glugglug

To avoid Australian company tax it's necessary to use nominee shareholders and directors so that you are not in "control" of the company. And yes -- any money paid to an Australian resident is subject to Australian income tax.

Yep :rasta

:eek2

it took lots of time!!! october 7 2002 to April 17 2003 damn!

Hit me up buddy! I Want to give a call to this girl with you.
It's gonna put some presure on it and hopefully will change things.

Tu parles francais, alors appel moi! 514-824-6477 ou ICQ: 96699802

Je suis a la recherche d'un moyen pour facturer mes clients aussi. Alors on peut s'aider je crois! :thumbsup

I did not mean to imply that the beneficial owner would be exempt from personal income tax. I was saying that you could set-up somewhere there is no *company* tax of any kind and no requirement for the *company* to provide detailed accounts or tax returns.

Groove:

It is amazing how you can turn a credit card problem into a hell of an asset! :winkwink:

Think on it!!! Not that I suggest you do this for one moment!:drinkup

Yup.. got ya!:glugglug

Actually I heard that Visa Intl pulled the plug on a bank, not a decision related to the specific companies using that bank to acquire, simply a decision on Visa's part to terminate that relationship. As with a decision that Visa made last year to terminate a certain ISO's relationships, costing several companies their own merchant accounts in the process, it is what it is.

I would put my faith in CCBill in anything they did, and I would feel that would be my best bet for EU processing.

kk:

Would agree on that! .:thumbsup At least till there is any other, at this time, unknown movement in VISA policy.

That could get ugly! :eek7

Many thanks for the advice :)

BTW, do you know any other Visa compliant EU processors I could use as a backup?

I'm not sure what you mean by unknown movement... it looks like a clear cut line to me... Visa US is now handling compliance for Visa Intl. Cross border acquiring has been prohibited for a long time in all regions, it's only been enforced the last few months.

It will be enforced uniformly before it's over, that's a bet I will make with anyone who cares to offer up their money.

Groove -- I don't know who to use as a backup -- I'd suggest asking your CCBill rep what they suggest, since they would be in a position to give you ideas about what other compliant processing may be available to you, something that won't put you or your business in jeopardy.

Hi,

All of the owners do not need to be in the US but at least one does have to be. Hit me up on ICQ tomoprrow and I will call a couple of the banks for specifics regarding your needs.

117496436 or by phone at: 661-252-2456

Thanks, MItch

KK, many thanks for the ongoing contribution you make to the various CC processing threads. I've probably learned more from reading your posts than I have from all of the processors' posts combined :thumbsup

Wow, thanks. :)

You can always drop me an email if you have q's -- I'm usually pretty quick to answer...

HAHAHA

Hahaha....
I thought the same thing. But so many morons are gonna sign up for them.....and bitch when the axe falls. :1orglaugh

Cheers :)

GREAT IDEA!!!