Can somebody explain in detail about how tax havens make money. And if you were involved in the decision making process of a impoverished small nation how would you use corporate tax codes to benefit your people while lowering their taxes? Cayman islands has a 0% tax rate how do they make money? And if this small country made their tax rate say 3-5% why would anybody choose us if they have other nations with lower taxes? If you were involved in governing a small nation how would you attract companies to incorporate there and make a lot of money for the government so you can lower tax rates on the citizens. Theoretically, this would be happening in conjunction with a plan that is about to be rolled out that will reduce red tape and cost so people can more easily start a business.
Tax Haven General
They require you to be a local citizen to regiater.
You can pay a local to be your representative.
A small industry of paper-pushers organizing this is formed.
It's that easy.
I know we'd make money with registration. But I don't see how the government can replace the tax base with that when right now the personal income tax is 30% (granted much under the table).
Also if we made the tax rate 3-5% why would anybody choose us over the Cayman islands? Wouldn't it be a race to the lowest rate and 0% would always win?
Bump I could really use this help
There's a difference between having funds registered in the Cayman islands and FAGMAN being registered in Ireland
How does Ireland get so many companies when they don't even have the lowest corporate tax rate?
They have the lowest in EU.
They also have the real-estate and support staff to handle having the HQs of these firms. It's a small country but not a micro-nation like caymans
So basically you need an already developed administrative class? I thought they don't even need more than a few people there they just need to register...
If you were a small African nation could you compete with other tax havens?
They have offices as well and key staff, it's not just a mere registration.
>african nations
All you need is for some fund to park themselves there in the first place. Get some recognition. Change the laws to make it so you can hide the real owners.
How can you even compete with established tax havens? I don't know, sorry
You are thinking a little too logically. Back up a bit. Suppose you have burned your bridges with your country. Which countries would be nicest for you to live in? Most would deport you so you can be processed for financial crimes. The countries that wouldn't, you wouldn't be happy being a king in, mostly. Ireland is some happy overlap, and is actually livable if the circumstances you are mindful of actually occur.
So basically we get companies to come with 3% corp tax rate, make them pay registration and set up an HQ. That alone could offset our income tax reduction if we attract enough companies. The problem is the competition... but I will take this all into account. Thank you.
But people don't usually live in the tax haven country they just register there
You also earn a lot based on the support staff as well. Service industry - restaurants, translators, maintenance workers, etc.
You can get many of these jobs out of servicing the foreign corpos
Until the government decides they have been breaking the law, yeah.
THE CHINESE HAVE CONSPIRED WITH FEDERAL US GOVERNMENT TO INVADE AMERICA BY
1. GENERAL GUANGXIN OF PLA BUYING LANDING STRIPS AT GRAND FORKS AND MORNING STAR RANCH
2. UPGRADING THE RUNWAY TO 10000 FT TO ACCOMMODATE LARGE AIRCRAFT
3. GETTING TAPPED INTO THE ELECTRICAL GRID WITH ACCESS CODES
4. LEAVING 85 BILLION OF MILITARY EQUIPMENT IN AFGHANISTAN
5. SENDING MILITARY RESOURCES TO UKRAINE FOR POLITICAL STRUGGLE
6. REMOVING FIGHTER JET PILOTS AND WARRIORS FROM THE MILITARY WITH VACCINATION REQUIREMENTS
7. USING MASS SHOOTINGS AS AN ATTEMPT TO CURTAIL GUN PRIVILEGES FROM AMERICANS
8. SELLING OUR STRATEGIC OIL RESERVES TO CHINA
THEY SHUT DOWN THE BOARD TWICE TODAY FOR HOURS AT A TIME FROM ALL POSTS TO HIDE THIS - IGNORE ALL THE ALIEN, ADL LEAK, INCEL, NIGGER, CLIMATE CHANGE, LEGALIZE WHORES, SILVER SHILLING, TRANNY, AND WEED SLIDE THREADS
THERE ARE DEDUCTIBLES FOR 100% OF TAX BUT CORPORATIONS ARE SO SLEAZY THEY OFFSHORE TO UNDERPAY WORKERS NOT FOR TAX REASONS THAT'S A BLUFF
That's great news.
But we'd have to be careful not to be an international pariah.
You'd make money through registration fees and have laws that are favorable to corporations like how Delaware does it. Corporations have to have a registered agent in the State/country they're registered. You could require that the registered agent must rent out a specific location (next to a government building or expensive land location in general) and regulate it to where the registered agent must have 20 staff members. You then charge a fee as part of the registration fee for each staff member. Things like this allow you to milk the corporation while simultaneously providing a super cheap tax haven. Check out the registration requires in the various States in the U.S. to get an idea of what I'm talking about. I think Texas charges a fee per member of an LLC, so a 500 member LLC would be expensive.
>recently finished a Business Structures class
There was a discussion before that jews keep the tax rates insanely high not only for gibsmedats, but also to obfuscate their giant underworld of money laundering because many others will try to evade taxes and use similar resources.
Also insanely complex for the same reason.
Why do taxes exist?.
>Tax Haven General
Correct. (((They))) don't want to lose their competitive advantage
They thrive in darkness and obfuscation
Ireland has a quirk in its laws. If a corporation is registered in Ireland but its governance is abroad, it's classed as a foreign company and doesn't pay Irish taxes. Yet it benefits from the EU internal market since it's still an Irish (EU) company. Look up 'Double Irish with a Dutch sandwich '
That's because they'd have to expatriate