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As far as I know, this wouldn't work for U.S. citizens, as they are taxed on world wide income. Residents of countries (like Canada) do not pay tax on world wid
by ktran03 12y ago
As far as I know, this wouldn't work for U.S. citizens, as they are taxed on world wide income. Residents of countries (like Canada) do not pay tax on world wide income, if person in question is considered a non-resident for tax purposes (ie not living in Canada).
- unimportant 12y agoOP is a EU citizen though. I have no idea about the legal intricacies involved for US citizens, but that doesn't change the fact that there is no corporate tax for the HK setup I described.