Does anybody know how many years back do accounts get reported? I mean they surely don't report every account ever opened. So what happens if an account is closed 1-2 years before the implementation?
Thanks for the reply. it is not a startup, i've been freelancing for about 2 years now. Initially the pay was really crap and I worked only few hours, but now I am doing it full time and sometimes the weeks can be very long. So to grow the business even more I would have to hire.
any advice on the ideal set up for a freelancer?
sorry if my question is stupid, I've only recently started to think/read about it, but how do you then retrieve/use the money from the business?
So far, what i saw/understood would involve becoming resident of a country that does not tax...
It gives you greater freedom to travel (ie: if you can only stay 6 months/year in a country without visa, then you can potentially remain idefinitly by switching passport mid air. Not sure it is legal but nobody seems to cares).
But I don't think that was the real meaning of your question and...