Wyoming or Delaware for non US citizen and non-resident?
- Thread starter deraty
- Start date
- Status
Here it is:
They are applying certain canons of interpretation that courts have applied in case law for centuries, including but not limited to :
Carry on folks, unless you are going︂ to compete business-wise within the US. 😉
Caveat: I do expect them to revise and expand︃ this when they realize how they are losing money/business overseas, especially in the Caribbean and︄ Latin America, but I am NOT sure they have enough boots-on-the-ground friendly businessmen (read CIs)︅ that have enough attention to detail and can extrapolate cause and effect from local market︆ dynamics overseas. This latter one is such niche & esoteric knowledge/intel.
FATCA is for THEIR benefit. Why is the concept︈ of self-preservation and one's own benefit so hard to grasp?
Quid pro quo for something EXTRA...if they really have done it and︊ the news isn't just fear-mongering propaganda to get others to "volunteer" information to avoid being︋ penalized! I've had accounts (and I know of several other Europeans and other nationalities) in︌ the US since the early 1980s and they have NEVER EVER disclosed or sent this︍ info to ANY country I have lived in. None! Zero! Zilch! Nada! They were asked︎ several times by several "governments" and the US won't even respond! They completely ignore such️ requests! Of course, YMMV!
https://www.ft.com/content/cc46c644-12dd-11e6-839f-2922947098f0
They are applying certain canons of interpretation that courts have applied in case law for centuries, including but not limited to :
- A verbis legis non est recedendum
- Casus omissus pro omisso habendus est.
- Expressio unius est exclusio alterius.
- Verba cum effectu sunt accipienda. (For example: "These words cannot be meaningless, else they would not have been used." United States v. Butler, 297 U.S. 1,65 (1936) (per Roberts,︀ J.)."
- Noscitur a sociis.
- etc etc
Carry on folks, unless you are going︂ to compete business-wise within the US. 😉
Caveat: I do expect them to revise and expand︃ this when they realize how they are losing money/business overseas, especially in the Caribbean and︄ Latin America, but I am NOT sure they have enough boots-on-the-ground friendly businessmen (read CIs)︅ that have enough attention to detail and can extrapolate cause and effect from local market︆ dynamics overseas. This latter one is such niche & esoteric knowledge/intel.
FATCA is for THEIR benefit. Why is the concept︈ of self-preservation and one's own benefit so hard to grasp?
Quid pro quo for something EXTRA...if they really have done it and︊ the news isn't just fear-mongering propaganda to get others to "volunteer" information to avoid being︋ penalized! I've had accounts (and I know of several other Europeans and other nationalities) in︌ the US since the early 1980s and they have NEVER EVER disclosed or sent this︍ info to ANY country I have lived in. None! Zero! Zilch! Nada! They were asked︎ several times by several "governments" and the US won't even respond! They completely ignore such️ requests! Of course, YMMV!
https://www.ft.com/content/cc46c644-12dd-11e6-839f-2922947098f0
In 2016 I got a letter from my taxman︀ (one of EU countries) starting with "FATCA...2014..." regarding dividend and interest income in 2014 and︁ 2015 (that was not reported) on my personal US brokerage account. FATCA is shared in︂ both directions, what happened before 2014 is not relevant anymore.
Not US citizen and not US resident. Brokerage is in USA. No connection with my country at all. They reported to my country of tax residence as stipulated in the FATCA agreement between my country and USA.
Here are all agreements by country:
https://home.treasury.gov/policy-issues/tax-policy/foreign-account-tax-compliance-act
Here are all agreements by country:
https://home.treasury.gov/policy-issues/tax-policy/foreign-account-tax-compliance-act
Hmmm...Interesting and intriguing. Well, my current "tax domicile" isn't on that list. Besides, that I don't have to pay income taxes. The funny thing is: Why the Bahamas, though? They don't pay income taxes. This could only trigger the local "mafia" to get their hands on the list of people with money to extort from. I︀ find this sharing irresponsible and life-threatening. Nothing good is ever going to come out of︁ this.
Can you invest your profits from your US LLC (as a non-resident) into a brokerage account (ex Charles Schwabs in the US) tax free?
Or how do you transfer the profits from your US LLC to you personally if you can't have a personal bank account in the US? You invoice your own company for management services?
Or how do you transfer the profits from your US LLC to you personally if you can't have a personal bank account in the US? You invoice your own company for management services?
From a tax perspective, the US LLC does not exist. So you pay tax as if you invested under your own name.
Why can't you have a personal bank account in the US?
Why can't you have a personal bank account in the US?
- Status