Quote:
Originally posted by Kimmykim
I also heard a nasty rumor that a major Euro bank put the brakes on a number of these 'numerous European high risk processors' you are discussing.
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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
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?