Don't go offshore for small growing business?
- Thread starter baio12
- Start date
- Status
T
thomasparra
Guest
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 thin︀ air?
you are basically saying the guy has been taxed on an unrealised profit (the︁ sale of the business which never happened).
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 thin︀ air?
you are basically saying the guy has been taxed on an unrealised profit (the︁ sale of the business which never happened).
The guy had a German company from which he was running his business.
The guy moved to a tax haven.
Told the German authorities︀ that he moved to a tax haven.
The German authorities wanted exit tax on his︁ company.
Very simple.
f you don't believe me, try it for yourself and report back︂ to us with your findings. I'm sure the German authorities will be very nice and︃ soft with you.
Where did I mention 15%? There are multiple tax havens︅ in Europe with practical zero tax (terrirotial taxation, taxation only on remittence, etc).
I consider︆ 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 about︈ a country with negative income tax...
The guy moved to a tax haven.
Told the German authorities︀ that he moved to a tax haven.
The German authorities wanted exit tax on his︁ company.
Very simple.
f you don't believe me, try it for yourself and report back︂ to us with your findings. I'm sure the German authorities will be very nice and︃ soft with you.
Where did I mention 15%? There are multiple tax havens︅ in Europe with practical zero tax (terrirotial taxation, taxation only on remittence, etc).
I consider︆ 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 about︈ a country with negative income tax...
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 advise︂ to run it in your home country until it makes sense to go offshore?
They can ask him these things︅ when valuating the business for exit tax. If he removes tax residence from Germany they︆ will need to know where he is becoming tax resident. They can search the business︇ and see it is still operating from new country. If he lie about that they︈ will see it same as regular tax evasion.
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 advise︂ to run it in your home country until it makes sense to go offshore?
They can ask him these things︅ when valuating the business for exit tax. If he removes tax residence from Germany they︆ will need to know where he is becoming tax resident. They can search the business︇ and see it is still operating from new country. If he lie about that they︈ will see it same as regular tax evasion.
You are over thinking.
Previous business failed, hence it was closed.
The new business︀ is about something else... serial entrepreneurs start new startups all the fucking damn times...
I launched 15x new sites this year alone. Good luck keeping track of that.
Previous business failed, hence it was closed.
The new business︀ is about something else... serial entrepreneurs start new startups all the fucking damn times...
I launched 15x new sites this year alone. Good luck keeping track of that.
it's costly to run multiple business structures.
Since they are all of the same type, I run them all under the same private company.
I heard in Europe and other bureaucratic countries it's more complicated though.
I'm in ecom + blogging + services. Been doing this for 10 years now.
Since they are all of the same type, I run them all under the same private company.
I heard in Europe and other bureaucratic countries it's more complicated though.
I'm in ecom + blogging + services. Been doing this for 10 years now.
- Status