Best Country for Trading (Tax efficiency)
- Thread starter ET873
- Start date
Well, make sure these KPMG folks know what they are doing, preferably that they actually reside in the country. That enables them to know the local laywers and find out the tricks of the trade. Not be guided by some limiting belief that it can't be done
Also, with regards to these OECD stuff. A LOT of what has been 'agreed' by countries is unconstitutional/illegal in the countries that have agreed to it. So, it pretty much is not likely to happen unless their congress vote to increase their unemployment/decrease GDP, which is not easy to do
@luisHK : You're funny 
I don't want to convince you. It's a fact.
Yes, China, UAE, Taiwan, EU, US, CA, NZ, Singapore, Brazil, Japan, etc. they all agreed to this. There are countries that didn't agree until now. These are third world countries where you would not want to have a bank account.
Is there anyone who regularly talks to a reputable global tax advisory firm like KPMG, Deloitte, PWC or E&Y? You should because this thing for instance is known since 2013.
I don't want to convince you. It's a fact.Yes, China, UAE, Taiwan, EU, US, CA, NZ, Singapore, Brazil, Japan, etc. they all agreed to this. There are countries that didn't agree until now. These are third world countries where you would not want to have a bank account.
Is there anyone who regularly talks to a reputable global tax advisory firm like KPMG, Deloitte, PWC or E&Y? You should because this thing for instance is known since 2013.
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OK, you think UAE is a place where one gets arrested when he gets laid with someone else than his wife and where bank information will get shared with outside countries, automatically at that.
If that's the information you are getting from your advisors, let me suggest that there are much more useful ways to spend one's money, starting with flushing it down the toilet.
Same same for China and Taiwan.
If that's the information you are getting from your advisors, let me suggest that there are much more useful ways to spend one's money, starting with flushing it down the toilet.
Same same for China and Taiwan.
No, @luisHK the global information exchange will happen after 2017. It's not in force at the moment however yes, China, UAE, etc. has agreed to do so from 2017. Even the locals know this. But I don't really understand your point. Why would they worry about this? They're resident of that country. If you live in Dubai then the foreign banks where you have an account will only report to Dubai so they're fine.
If you can have sex outside of marriage in Dubai then why are there so many Britons and other Europeans in jail in Dubai because of adultery?
Trust me, I really want to believe you, seriously but I see the laws and what you say is the opposite.
Btw, seriously, do you honestly feel like it's possible and not really dangerous to hide your income by using complex offshore structure after 2017? So would you feel comfortable living in a high-tax European country and hiding your income via offshore companies and trusts with foreign bank accounts?
If you can have sex outside of marriage in Dubai then why are there so many Britons and other Europeans in jail in Dubai because of adultery?
Trust me, I really want to believe you, seriously but I see the laws and what you say is the opposite.
Btw, seriously, do you honestly feel like it's possible and not really dangerous to hide your income by using complex offshore structure after 2017? So would you feel comfortable living in a high-tax European country and hiding your income via offshore companies and trusts with foreign bank accounts?
Which so many europeans in jail for adultery in Dubai ?
It doesn't matter if you are a resident or not, those countries enforce strict bank secrecy, Chinese banks are banned by law to disclose any information to any foreign powers, you can google to read about the armwrestling between US courts and chinese banks.
AFAIK UAE and Taiwan have not signed a single TIEA, and any international agreement they will sign might be countered with local laws.
Watch out in Dubai though, you have local banks under local laws and international banks in the Dubai International Finance Center, which follow a more international community compliant set of rules.
As of "even the locals know this" ? yeah ??