|
Ask a good accountant or tax lawyer and they will explain it to you. The best reason is to help you to be Tax efficient.
Various locations around the world have different tax laws. For example, if you are a hosting company in Quebec, you are forced to charge GST and PST (15%) to your customers world wide. If those customers are business owners they can get those taxes back but doing so is a serious headache. There are ways to have your Internet based business setup legally that saves you taxes. It's best to consult a tax lawyer on this to help you get setup properly.
|