Many countries, including the U.S., tax citizens’ worldwide income — even if they aren’t living or working in their country of origin. In addition, most countries in the world will tax income generated by a person working and living within the country.
An offshore company is a company registered in a jurisdiction where it doesn’t conduct the majority of its business. While offshore companies sometimes have a reputation as being illicit or shady, they are absolutely legal to set up and to use
An offshore company is a company that conducts either an insubstantial amount of or no business from within the jurisdiction in which it operates. When forming an offshore company, choosing your jurisdiction is a strategic decision that can have significant ramifications for your business and bottom line
As an individual working overseas or settling in a location for favorable taxation, international tax planning can be quite a hassle. The rules and regulations are often complex, and understanding what you need to do to comply with all necessary domestic and international requirements can seem daunting.
Today, we would like to give you a brief summary on the structure and use of the now-famous tax arrangement called Double Irish Dutch Sandwich, which is used by many large US based multinationals to lower their overall corporate tax burden.