You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.

Latest

Greatest

Lobby

Journals

Options

Help

Reply #30: Does offshore incorporation mean you pay ZERO income tax in the US.... [View All]

Printer-friendly format

Email this thread to a friend

Bookmark this thread

This topic is archived.

Home » Discuss » Archives » General Discussion (Through 2005)

NoMoreRedInk

(237 posts) Send PM | Profile | Ignore

Fri Oct-17-03 11:36 AM
Response to Original message

30. Does offshore incorporation mean you pay ZERO income tax in the US....

Edited on Fri Oct-17-03 11:36 AM by NoMoreRedInk

from Dean's statement it sounds that way, but I understand it differently.

I thought American corporations pay income tax on all earnings earned everywhere in the world (I know this is true), and the ones who are moving offshore still pay US taxes but only on US profits.

Dean's statement sounds like moving offshore precludes you from ANY taxes. Is this true?

Printer Friendly | Permalink | | Top

Home » Discuss » Archives » General Discussion (Through 2005)

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home | Discussion Forums | Journals | Store | Donate

About DU | Contact Us | Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.