Stripe / PayPal technically a bank account (for tax reasons)?

[drowny1907]

I have an offshore corp and live in a country where you don't pay any tax on worldwide income as long as you do not bring it into the country, so all the money the corp is creating is going into LeuPay and never enters the country I am living in.

Since Stripe is not supporting the country of the offshore corp, I created an account under my own name since the country I am living in is supported. If payments go into Stripe now, is the money technically entering the country I am living in? Or does it only matter to which bank account I transfer the money out of Stripe?

Thanks

 

[JohnLocke]

drowny1907 said:
the money technically entering the country I am living in?
Click to expand...

You would need to consult a tax lawyer or accountant to get the right answer. But as it is in the country where I live then the answer is YES you will have to pay tax from the money now!

Toggle signature

>> Unlock the Power of OffshoreCorpTalk: Become a Member of the Mentor Group Gold <<​

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​