View Single Post
Old 05-29-2003, 06:39 PM  
Webby
Too lazy to set a custom title
 
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Rip:

Quote:
Kinda sucks, I am looking into the US corp. end of things, but if it's gonna be a pseudo borderline prospect at best... then the deck of cards may come falling down to earth at some point in the near future

not to mention the tax scenario... pay tax in the US, and pay tax again when it comes to
Rip.. ya gotta think hard about the US corp thing. There are loads of implications to it - even just because it is in the US. (That reads "control" and they got ya by the bollocks!).

It is far safer having a corp in some other country that has the benefit of a range of processors who can take your business without you having to open your soul to them and pay $750 for the priviledge and have withholding taxes.

The criteria is... where is there a number of processors who can handle your biz? Look to European countries... even CCBill has representation there and there are a good few others.

Example above of UK and Gibraltar are just a couple - by the way "offshore" has a myth about it. I've been "offshore" for a good few years now and have several corps in various jurisdictions. There is little difference to being "onshore". The main thing is there are no taxes, so it is up to you to declare funds you bring into your home country. It also costs no more to be offshore.

Having said that, this offshore stuff does not apply to US citizens in the same way... they gotta pay taxes to the regime in Washington wherever they are. Canada does not have restrictions like this.
Webby is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote