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LLC in US owned by a single-member resident in Panama, no ETOB but still owning taxes?

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ciccino

New member
I just read that considering Panama doesn't have a tax treaty with US, if the owner of a single-member LLC is a resident/citizen of Panama, even if the LLC is not ETOB you still need to pay taxes because of the lack of tax treat between Panama and US, is that correct or complete nonsense?
 
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