Min accounting requirement

[Xshore]

Us llc, you don't need to send the accounts to anyone.

 

[Don]

Not tax opaque, or 0% tax though

 

[JohnLocke]

Okay, just so I get it. If I make 500K Euro a‍ year in turnover, I don't need to report the accounts? How likely is it that⁠ they (Tax Office) will do come and check the books?

 

[Wellington]

Panama

 

[TRGali]

The hiccup is that I like to distribute 🙂, and I like⁠ to do it tax and hassle free.

Thanks Wellington,⁤ will look into it.

 

[aage]

who doesn't cof%¤#

 

[Xshore]

It's 0% tax‌ in the US, and it can be considered tax opaque in other countries (depends on‍ the country).

 

[TRGali]

I feel there has been/is‍ a OECD crusade around the world forcing countries to consider tax transparent (no change in⁠ the status of the source of income) any entity considered tax transparent in its country⁤ of origin. Mauritius is the perfect example, where their laws allow (I did not read⁣ the laws, just read it was the case) to transform whichever type the income of⁢ a tax transparent entity into a dividend (while extracting it to the parent Mauritius company)︀ but despite their laws allowing it, the tax authorities there have made a statement in︁ 2022 that they won't accept anymore that trading income from a transparent entity be transformed︂ into a dividend while extracting it to the parent Mauritius entity (dividends have a much︃ reduced taxation rate in Mauritius)

In mother EU, anti hybrid rules takes care of that.︄

Do you have example of countries who consider a US LLC or maybe even a︅ partnership as tax opaque?

 

[Xshore]

United Kingdom is one. Several others‍