HK fits
Funny how countries with CIT<15% are considered tax heavens by the west.
Funny how countries with CIT<15% are considered tax heavens by the west.
How would the German tax office what is his business about? (domain, name, etc)
Some people around guessing more like they know what they are talking about.what you are saying doesn't make much sense, now are we creating value of online businesses out of thin air?
The guy had a German company from which he was running his business.How would the German tax office what is his business about? (domain, name, etc)
How would the German tax office know if that person is still running that specific business when out of the country?
what you are saying doesn't make much sense, now are we creating value of online businesses out of thin air?
you are basically saying the guy has been taxed on an unrealised profit (the sale of the business which never happened).
Where did I mention 15%? There are multiple tax havens in Europe with practical zero tax (terrirotial taxation, taxation only on remittence, etc).Funny how countries with CIT<15% are considered tax heavens by the west.
mention these European countries please? Except Monaco and Andorra?The guy had a German company from which he was running his business.
The guy moved to a tax haven.
Told the German authorities that he moved to a tax haven.
The German authorities wanted exit tax on his company.
Very simple.
f you don't believe me, try it for yourself and report back to us with your findings. I'm sure the German authorities will be very nice and soft with you.
Where did I mention 15%? There are multiple tax havens in Europe with practical zero tax (terrirotial taxation, taxation only on remittence, etc).
I consider a country with 0% tax a tax haven. If you have anything better than 0% tax, please let us all know, I'm sure people here would love to hear about a country with negative income tax...
You would let revenue slowly fall over many years then close it?One option to eliminate exit tax is not to close the business instantly but to start the same business abroad.
Have you seen such scenario happen?Another option is to find legal reasons why you cannot proceed with this business in your home country (in such a case, most likely exit tax is not applied).
You agree with advise to run it in your home country until it makes sense to go offshore?
They can ask him these things when valuating the business for exit tax. If he removes tax residence from Germany they will need to know where he is becoming tax resident. They can search the business and see it is still operating from new country. If he lie about that they will see it same as regular tax evasion.How would the German tax office what is his business about? (domain, name, etc)
How would the German tax office know if that person is still running that specific business when out of the country?
You are over thinking.You would let revenue slowly fall over many years then close it?
Tax authority would catch this because of CRS they would know about your new business bank account in the other country.
Have you seen such scenario happen?
You agree with advise to run it in your home country until it makes sense to go offshore?
They can ask him these things when valuating the business for exit tax. If he removes tax residence from Germany they will need to know where he is becoming tax resident. They can search the business and see it is still operating from new country. If he lie about that they will see it same as regular tax evasion.
Offtopic but do you start new business structures for new sites?I launched 15x new sites this year alone. Good luck keeping track of that.
Offtopic but do you start new business structures for new sites?
It's interesting for me are you comfortable to say what general industry or type (affiliate or software as service) where you can launch sites so quick?