Why is TIEA and DTA dangerous?

[seat-my-business]

I learned that offshore country who signs DTA and TIEA is not save and dangorous why is that so?

 

[Safa]

Please have a look at the link from the OECD the founder of all this‌ crappy TIEA and DTA's and many other initatives to kill tax havens.

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Hope it helps!

 

[JohnLocke]

Actually TIEA's and DTA's are not dangerous, they are just something developed by the OECD.‌ Operating a legal offshore company or low tax company will not course any harm also‍ not with the widely fear spread by other Offshore company agency's about this topic. If⁠ some are up for money loundering or other criminal activity this person will have to⁤ fear the DTA, TIEA and involvement of authorities, otherwise not 🙂

 

[torsten]

So which country have TIEA and DTA with Spain is there any list?

 

[seat-my-business]

I learned that the OECD has a list can someone please help to find it?‌

 

[alibran]

Spain has definitely signed with Netherlands Antilles, Aruba, Trinidad and Tobago, Bahamas,‍ Cayman Islands, Andorra, and they're in negotiation with Gibraltar. That was what I found on⁠ Google. There could be more.

 

[wonderwilly]

I read it as we should avoid countries that have signed TIEA's or DTA's with‌ our country of resident right?

 

[alibran]

Yes, that's why Seychelles is particularly desirable at the moment. And why it's convenient if‌ you happen to live in a country that hasn't signed many 🙂

 

[wonderwilly]

Thank you clarification, alibran! So Seychelles has only TIEA with the Netherlands and no other‌ country correct?

 

[JohnLocke]

Yes so far that's the only TIEA they‍ have and it seems they will not sign any new in the near future as⁠ far as we have been informed..!

 

[seat-my-business]

Thank you all for explaining this so well.

 

[suzy]

How can we be sure that the number of TIEAs and DTAs is not increasing‌ if we incorporate in a place that didn't signed such agreements yet?

 

[EliasIT]

You will never know so make sure to prepare a good offshore company‍ structure.

 

[averagejoe]

I read DTA is good since it makes possible to be taxed in the country‌ that has the lowest tax! So TIEA are the only bad one from these twos‍ or not?

 

[bitotan]

What is DTA stands for? How can I pay tax where it is the lowest?‌

 

[JohnLocke]

DTA = Double Tax Treaty and it is a benefit if you can proof that‌ your business is managed and operated in the country where the lowest corporate tax apply!‍

 

[bitotan]

TIEA = tax information exchange agreement‍ = BAD :thumbsDown:

DTA = Double tax treaty = GOOD :thumbsUp:

 

[cosmo]

Has the Seychelles signed new TIEA or is it still only one with Holland?

 

[JohnLocke]

No new TIEAs so far, also it seems no new are comming in the near‌ future.