Thread: NoCreditCard
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Old 10-17-2002, 03:23 AM  
Schwick
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Join Date: Jul 2002
Location: Right here, right now.
Posts: 543
OK here is the deal with what they want and the reasoning behind it.
They want your friend to provide them with the company number (in USA it's the EIN or England it is the company number) really any place in the world that you have a company, it will be issued some type of number to identify the company for tax purposes. The reason they want the number is that it covers their ass with the tax man in their country. It is my understanding that they have to have the tax number for the person (company) in another country to avoid being liable for the tax on that money. It is this way so as to avoid two things:
1. The guy that owns the company sending money out of the country to himself or a fake entity untaxed and keeping it in another country.
2. That you pay the tax on the monies earned to your own government.
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