Saturday, June 14, 2014

Saving tax for corporations

Some Chinese companies (most are smaller ones) moved their headquarters to Caribbean island countries. Their entire workforces are still in China and they're qualified for the incentive packages for foreign countries. Smart business or unethical?

I know at least one guy formed an investment company in one of the islands. The capital gains are pretty much tax-free. Most of his clients are doctors, lawyers... Some move to another state to qualify for no state tax. I should do the same as it would save me 5% of my gain.

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