Quote:
Originally posted by yambo.biz@Mar 5 2003, 08:39 AM
Serge, let me explain.
1. We're from Ukraine. We have an office in UK, in Florida and in California. My email is egor@yambo.biz. I would be very glad to answer all questions.
2. Imagine the situation you're a citizen of USA and would like to minimize your taxes from adult business.
You incorporate a company in BVI (British Virgin Islands) and you're a director of this company. You have an employment contract with this company. And this company pays you, say, $100/month as a salary. You have to pay taxes for this salary.
All profit this company gains should be taxed and paid in a country of registration - BVI.
You don't pay these taxes - your company pays.
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ok,
so now you have 1,000,000 in BVI...and how do you propose taking it back to USA to buy the house there?
or should it just sit in the offshore bank 'till cows go home?