by mystic » Mon Sep 23, 2013 1:10 am
Concerning business income taxes, you have to do a good planning. First, if all dividends are paid to business owners, the company profits are kept to zero, and there is not tax since there is no capital gain. If the business owner is a non resident (i.e. he resides in another country for over 6 months in a year), he pays no tax in the company country.
Also, a company that makes all its income abroad pays no tax. The US are also a tax heaven for foreigners. Wyoming, Nevada, Delaware corporations are routinely sold in all the world just because there is no income tax for foreigners (unless you do business in the US).
So, if you live around the world, it doesn't make sense to pay local taxes where your company is located. You could open your company in Canada, have the company bank account in Panama, and do business in the US, for example, avoiding legally any tax. I'm not saying that this combination works (I'm not such an expert), but you can study how to do. I know one person who lives in Panama now, who did something like this.
I don't think that it's a problem for a company in the PI to receive an invoice from abroad. So, it should be possible to work a scheme that allows you to bypass the restrictions in the PI.
"The real opposite of love is not hate, but indifference" (Rabbi Adin Steinsaltz)