Quote:
Originally Posted by KlenTelaris
I kind a loled on part how EU company wont accept money from someone just because he is offshore as i know some adult companies which doing millions and they are offshore based. But yes you are right on part how local tax IRS could see this as suspicious. And when it comes to EU bank , so far i didnt had problem with any EU based bank(and i used only EU banks,never bank outside EU) due running adult.
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read what i wrote:
a european company that
pays money to an offshore without a 100% proof of a company and a beneficial owner can be in big trouble and have to pay the taxes instead the receiver.
how easy would that be to pay no tax at all by "paying" all money out as costs for anonymous receivers????
there is not one there are thousands of cases where european companies paid tax on this money they paid to such sources and went broke from that.
the only reason to use an offshore company for the most people is to cheat on taxes.
if this is not the case than the only valid reason is that you are sitting in a country where adult is forbidden.
in this case it is legit for my understand to not pay taxes into such a country that prohibit your source of income.
but even this is not a cheap issue anymore in case you do not ONLY want to work with people that are offshore also.
believe me i had that many offshore companies that my yearly costs for them went 6-digit. i gave nearly all of them up and just kept a few that do not even have income.
so i think you do not want to tell me that I have no experience in this topic.