jafo said:So, instead of having money in Romania or anywhere else and dealing with the "personal income tax thugs," it's better, for me at least, to be in Monaco, where such "evil" does NOT exist.
Click to expand...I see. I agree, if you reach such a level of income that it'll be profitable to relocate there. Romanian tax authorities are just as aggressive as any other in the EU.
pixbix said:Andrew Tate: opSEC, Business, Offshores, Money, women , problems
It seems that he has already moved his main company, "the milking cow one", to Saudi Arabia. One thing that I believe he does is that he does not cashout dividends at all, as I thought he was being paid a salary of 1 million dollars per week. This helps him in two ways:
Salary is usually taxed in the country where the company is registered, as I have seen on many contracts for avoiding double taxation, etc.He cannot be accused of owning the company, because he does not receive dividends from it. It's like creating a Trust A that owns company B, and company B pays you a salary. This way, no one can accuse you of operating the company from Japan, Poland, etc.
Click to expand...Aren't salaries taxed in Saudi Arabia? Speaking of Saudi, I remember a few years back when the new king was hungry for money and started arresting the wealthy old princes and blackmailing them for money. If I remember correctly there was also other businesses there which were affected, not related to the royal family. Not so sure if I would ever incorporate a company there. It seems like a desperate move if true.
I find it odd that he can't be accused of owning the company when he's the center of its attention.