US Corporation - Living expenses as CEO as operational expenditures

[obiwankenobi]

I'm from europe and my main interest is to reduce tax. I sell digital goods to european customers.

I've heard of a setup in which the owner of a US corporation can live and buy most of his living expenses on behalf of the corporation. Also if you want to buy properties, cars etc. - the corporation pays and you use it. You get only a small amount paid as official wage.

Two questions:

1.) It is claimed that in the US much more is accepted as operational expense than in europe. Can anyone confirm this and which daily expenses of the CEO are covered?

2.) Since I sell digital goods to europeans I should pay VAT. Can I ignore that happily as US Corporation? Does the IRS care about this?

 

[DeMajor]

obiwankenobi said:
1.) It is claimed that in the US much more is accepted as operational expense than in europe. Can anyone confirm this and which daily expenses of the CEO are covered?
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US is good but still much monitoring compared to other countries. For instant you can do the same with a Cyprus corp, Belize, Seychelles and many other offshore countries.

obiwankenobi said:
2.) Since I sell digital goods to europeans I should pay VAT. Can I ignore that happily as US Corporation? Does the IRS care about this?
Click to expand...

you could ignore that happily with a Seychelles, Belize or other offshore company!

 

[obiwankenobi]

Thank you!

Is someone is still interested, I found this:

https://www.quora.com/As-a-startup-...our-salary-to-avoid-paying-more-in-income-tax