So ARS is collecting photo IDs for ePassporte

[DJilla]

Actually there is a way for US companies to avoid taxes on foreign generated revenue from a subsidary corp registered in a foreign country, they still have to be reported but there is a structuring method that reduces them significantly though I doubt most making the move are doing it properly...

[gregtx]

Originally Posted by DJilla

Actually there is a way for US companies to avoid taxes on foreign generated revenue from a subsidary corp registered in a foreign country, they still have to be reported but there is a structuring method that reduces them significantly though I doubt most making the move are doing it properly...

avoid? or defer???

[DJilla]

Originally Posted by gregtx

avoid? or defer???

Well neither really, you still pay taxes to your local authority, you're just not subject to US Corp taxes. I shouldn't have mentioned it, its off topic anyway. Also, its not an easy thing to do either. You have to have foriegn agents, and officers, and you'd still pay US taxes on dividends received which is how the revenue is paid out. Bottom line just pay your reasonable taxes. People scamming are just asking for trouble and in this ever increasing electronic world you're likely to get caught. Stick to the old rules... CASH IS KING