Dartz Wrote:Also the tax regime here has a wonderful little quirk that allows you to remove your profits tax free through the use of transfer pricing, as there is no tax on sales within a business. So Arther could have a fenspace based corporation that charges licensing fees to his Ireland based corporation that just happen to eat up all of the year's operating profits. It's a little more complicated than that, or course, but that's the basic jist. The reasoning behind it is, that the tax is recouped from employees and from any additional economic activity generated by having work, or from the company buying from local suppliers.Thanks. Info greatly appreciated.
Arthur knows he is paying more tax than he needs to. But, he will probably make use of transfer pricing, at least partially, when he can figure out a good place to set-up a company in Fenspace.
Suggestions?
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"It is the business of the future to be dangerous" - Hawkwind