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DrJokepu | 1 year ago

That’s called a Controlled Foreign Corporation and it won’t work, because its earnings & profits need to be included on the Subpart F income of the shareholders.

Uncle Sam will get his share. Unless you’re a large corporation, that is.

discuss

order

lesuorac|1 year ago

How is the large corporation structured that lets it work?

blitzar|1 year ago

Controlled Foreign Corporation: a non-resident company, fund, institution or other entity in a low-tax country that is at least 50% owned or controlled, directly or indirectly, by resident taxpayers.

anomaly_|1 year ago

Because you have to put actual substance in the entity. If OP ditched his US citizenship, moved to the Caymans, and then started consulting for international clients - it would work.

fennecbutt|1 year ago

Or unless you're extremely wealthy. The rich often pay 0-not much% tax no matter where they are in the world.