homepage Welcome to WebmasterWorld Guest from 54.166.123.2
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member

Visit PubCon.com
Home / Forums Index / Google / Google AdSense
Forum Library, Charter, Moderators: incrediBILL & jatar k & martinibuster

Google AdSense Forum

This 123 message thread spans 5 pages: 123 ( [1] 2 3 4 5 > >     
Tax "Haven" or Low Tax Countries?
Has anyone moved to or set up in one?
Kid_A




msg:3044048
 6:17 pm on Aug 12, 2006 (gmt 0)

As we grow with the program, we're realizing we can setup in just about anywhere in the world. I'm wondering about the Cayman Islands or Switzerland in particular. But I'm curious: has anyone here moved to a tax haven or a lower tax country?

If so, what if any challenges have you faced?

 

Khensu




msg:3044050
 6:22 pm on Aug 12, 2006 (gmt 0)

I am wondering that myself.

Also offshore banking or funds.

OptiRex




msg:3044060
 6:38 pm on Aug 12, 2006 (gmt 0)

It is expected that the biggest winner over the next few years will be Dubai, UAE, however take very good advice.

This entire scene has completely altered in the past few years therefore you need to get some very professional advice.

As a generalisation most "western" countries, this definitely includes the UK and USA, consider any worldwide earnings as taxable if you are considered ordinarily resident and domiciled there. This means living in that country for 183 days or more.

It's a very complex subject, there is a UK government page here and this is very similar to most other countries rules:

[hmrc.gov.uk...]

It is not a problem creating an offshore company or banking offshore, just be extremely careful how one does it without falling foul of one's country's laws.

The US government takes a very hard stance on this, you have been warned!

gamiziuk




msg:3044066
 6:46 pm on Aug 12, 2006 (gmt 0)

Unless you revoke your citizenship, you are pretty much cooked if a US citizen.

Living in another country? There is a reason some countries have lower tax rates. The infrastructure is usually less reliable (Think about telephone service, roads, water, electricity, INTERNET SERVICE, etc.)

How about government STABILITY? Are the socialists bound to take over the government in a given country, then play Robin Hood with your assets? You could wind up penniless then.

I moved from New Jersey USA to Florida USA which was a great move for me, tax-wise. New Jersey has opressive state income taxes, while Florida has practically no taxes on income. After exploring other options, I decided it would be best to stay in the 'States. Just choose carefully which state to live in.

bcc1234




msg:3044067
 6:47 pm on Aug 12, 2006 (gmt 0)

Watch out. I know people who had their assets frozen by the FBI in the name of fighting funding of terrorist activities. All those people did was being successful at selling e-books and keeping their money offshore. Apparently, now this is enough to allow authorities to go after you.

FourDegreez




msg:3044089
 7:38 pm on Aug 12, 2006 (gmt 0)

Moving to an island and pursuing this business is a fantasy of mine, although family considerations probably rule it out. If you're looking into islands, consider Bermuda. Unlike most island nations, Bermudans have a high standard of living and high incomes. I'd also look into the US Virgin Islands. St. Thomas is beautiful and not overly foreign, yet being US land I'm not sure if the tax situation there is so favorable.

Hobbs




msg:3044101
 7:44 pm on Aug 12, 2006 (gmt 0)

I second Opti's advice on Dubai,
Online & same day incorporation options
Good social, family & night life
OK living expenses, everything duty free
Extreme hot weather
On the high end of office & home rental costs (buy for long term)
Just think mega everything, a small city making up a size inferiority complex with tons of money.

Javier Mendez




msg:3044106
 7:52 pm on Aug 12, 2006 (gmt 0)

Here in Costa Rica we got plenty of big and small companies from the US...

From Procter and Gamble and HP to small 5 employee companies...

Intel also moved to CR more than 12 years ago...

Technology is good enough...

Country is not so cheap like it used to be..

In summary, I think there are many many options...

Khensu




msg:3044137
 8:25 pm on Aug 12, 2006 (gmt 0)

Ok somewhere without natural disasters, hurricanes etc.

I did an offshore inverstor conference last year (av tech) and they were pushing Lichtenstein.

Going from Phoenix to Dubai is no great win, weather wise.

OptiRex




msg:3044176
 9:20 pm on Aug 12, 2006 (gmt 0)

Going from Phoenix to Dubai is no great win, weather wise.

That's one of the problems with relocating or setting-up "something" elsewhere.

The extremely hot weather here recently in the UK makes one realise that life is not just about saving money but also enjoying it where one feels the most comfortable apart from trying to reasonably easily source all the web master's demands.

I've been wrestling with this conundrum for a while, I speak several European languages and quite easily understand several more therefore that particular problem is not an issue for me however I still cannot decide.

Do I want to live on an island?

Do I want to live where there can be extreme weather conditions?

Do I want to live long haul flights from current friends and families?

Do I want to re-locate family, pets, business and the kitchen sink?

Do I want to be able to qualify for my country's pension scheme no matter how mediocre?

Do I want to keep making longer and longer lists of advantages and disadvantages?

Do I want to just keep repeating this scenario when I am bored or had to pay a tax bill?

So many questions, so many possible answers.

One thing I do know is that I have to make a resolution soon to protect my financial interests.

Come on AdSensers, let's create an island somewhere called AdSensers Island, A.I. for short, that should be applicable to most of us:-)

Then we could argue face to face...oh that would be fun!

Hobbs




msg:3044183
 9:33 pm on Aug 12, 2006 (gmt 0)

>AdSensers Island

Yeah and the last one that remains after all are "booted" get it all.

Khensu




msg:3044193
 9:47 pm on Aug 12, 2006 (gmt 0)

"In the end there can be only One"
-Highlander

Yeah, I was going to suggest that. Acquire an island (with a decent weather pattern) and we could all buy into it. Build our own pub where we could sit and with our GoogbucksTM, our own bank and investment firm.

Speaking of arguments check this idiot out

[webmasterworld.com...]

[edited by: Khensu at 9:53 pm (utc) on Aug. 12, 2006]

europeforvisitors




msg:3044196
 9:56 pm on Aug 12, 2006 (gmt 0)

I can't imagine relocating anywhere on the basis of AdSense income. What happens if your personal AdSense well runs dry, or the faucet gets turned off?

foxtunes




msg:3044210
 10:21 pm on Aug 12, 2006 (gmt 0)

Adsense island.

I can just hear Hervé Villechaize shouting:

"The plane, the plane!" :)

SenorLoco




msg:3044220
 11:09 pm on Aug 12, 2006 (gmt 0)

" Adsense island.

I can just hear Hervé Villechaize shouting:

"The plane, the plane!" :)'

On Adsense Island, I imagine Hervé Villechaize shouting:
"The Google update, the Google update!

Khensu




msg:3044226
 11:17 pm on Aug 12, 2006 (gmt 0)

and PIP, PIP!

OptiRex




msg:3044276
 12:54 am on Aug 13, 2006 (gmt 0)

And who said AdSensers do not have a sense of humour? :-)

Javier Mendez




msg:3044459
 7:13 am on Aug 13, 2006 (gmt 0)

... I can't imagine relocating anywhere on the basis of AdSense income. What happens if your personal AdSense well runs dry, or the faucet gets turned off? ...

It doesn't matter where you are, you always need more than one source of income..

humblebeginnings




msg:3044500
 9:10 am on Aug 13, 2006 (gmt 0)

Living in another country? There is a reason some countries have lower tax rates. The infrastructure is usually less reliable (Think about telephone service, roads, water, electricity, INTERNET SERVICE, etc.)

How about government STABILITY? Are the socialists bound to take over the government in a given country, then play Robin Hood with your assets? You could wind up penniless then.

Perhaps you noticed that at the other end of the big wet places called the oceans, for the past few thousand years some countries also have developed technology, stability, culture, wealth, etcetera.
Ok, I guess tax rates in for example Europe are a bit high, but Greece and Italy had floor heating and sewer systems a couple of thousand years before white men set foot in the USA. We also have some decent weather, no guns on the streets and some social security in case your Adsense earnings are lower than anticipated. While you are here you might want to enjoy some works of art from local folks like Da Vinci, Van Gogh, Rembrandt or Picasso;-)

If you make enough cash with Adsense, I think tax should not be the issue. Just settle in what you think is the most beautiful place on earth...

Tropical Island




msg:3044573
 12:36 pm on Aug 13, 2006 (gmt 0)

Ok somewhere without natural disasters, hurricanes etc.

I live on an Island in the Caribbean that has no hurricanes, earthquakes, tornadoes or anything else for that matter. It has a desert climate with temperatures that range from 78ºF to 86ºF all year round. We get over 93% sunny days.

In addition I have DSL service, 2 phone lines and multiple cel phones. Taxes are low if at all.

Negatives include a socialist government that is getting stronger by the day and many basic services that don't work all that well.

On the other hand the beaches are great, gas is 15¢ a US gal. & beer is just 28¢ a can.

nex99




msg:3044684
 3:26 pm on Aug 13, 2006 (gmt 0)

What about Australia?

i am interested for Australia.. if tax and other things favour me.

gamiziuk




msg:3044714
 3:55 pm on Aug 13, 2006 (gmt 0)

Perhaps you noticed that at the other end of the big wet places called the oceans, for the past few thousand years some countries also have developed technology, stability, culture, wealth, etcetera.
Ok, I guess tax rates in for example Europe are a bit high, but Greece and Italy had floor heating and sewer systems a couple of thousand years before white men set foot in the USA. We also have some decent weather, no guns on the streets and some social security in case your Adsense earnings are lower than anticipated. While you are here you might want to enjoy some works of art from local folks like Da Vinci, Van Gogh, Rembrandt or Picasso;-)

I know the world has gone insane when the best rapper is a white guy, the best golfer is a black guy, the tallest player in the NBA is Chinese, the Germans don't want to go to war, and the French accuse the Americans of arrogance!

Ok, I guess tax rates in for example Europe are a bit high...

So what is the point of your post in this thread? Just to be condescending to an American?

[edited by: gamiziuk at 4:24 pm (utc) on Aug. 13, 2006]

gamiziuk




msg:3044718
 3:58 pm on Aug 13, 2006 (gmt 0)

I live on an Island in the Caribbean that has no hurricanes...

And where might that be? The whole Caribbean is at risk during hurricane season?

OptiRex




msg:3044727
 4:07 pm on Aug 13, 2006 (gmt 0)

What about Australia?

Great country and people however entry qualification for many can be a problem.

Taxation levels are I believe still lower than Europe but higher than the US. The cost of living is definitely lower than most of Europe.

I nearly moved there 10 years ago on a business Visa which was surprisingly easy to obtain.

FourDegreez




msg:3044782
 4:52 pm on Aug 13, 2006 (gmt 0)

And where might that be? The whole Caribbean is at risk during hurricane season?

Aruba maybe? Or some Venezuelan island? (would explain the low gas prices/socialist government statements)

The southern-most islands in the Caribbean are not in the path of hurricanes. A pretty good benefit, I'd say!

humblebeginnings




msg:3044979
 9:13 pm on Aug 13, 2006 (gmt 0)

So what is the point of your post in this thread? Just to be condescending to an American?

Not at all, and I apologize if I established that impression.

However, I was a bit amused by your worries concerning other countries than the US. I always thought my country (Holland) was really the best place to live in the world. BTW, some international surveys actually display that as a result. But I have seen so many other countries with excellent facilities but with taxes at a same rate or even much lower than in my country that I am not so sure about these things anymore. The point is also that within many countries, certain regions can be a pain in the behind (climate, regional taxes, security, etcetera) but other regions in the same country can be top of the bill. A good example is Thailand. Still seen by some as a third world area, but settle in the right region and you will live like a king!

Anyway, my point was to say that quality of life seems more important to me than the difference between being taxed 20 or 30 percent. Especially when you make large sums of money.

I know the world has gone insane when the best rapper is a white guy, the best golfer is a black guy, the tallest player in the NBA is Chinese, the Germans don't want to go to war, and the French accuse the Americans of arrogance!

I really liked that one! Don't forget the Tour de France, won by an American for the past 8 years!

BigDave




msg:3045023
 10:27 pm on Aug 13, 2006 (gmt 0)

I did some looking into tax havens back when I was amking serious money. You REALLY need to do your homework to get things to work out for you.

The best advice that I got was that you want to live in one country chosen, become a citezen of another basd on the best visa availability for travel, incorporate in another where you don't actually conduct a physical business, bank in at least 3 additional countries, and invest in the biggest tax haven country of them all, the United States.

That's right, if you are not a United States citizen, the tax treaties are such that there is a big tax break for investing in the United States.

Doing everything right can be expensive and worth it. Doing things wrong and you will find yourself with several significant tax bills from multiple jurisictions.

Just don't think it is as easy as "moving to an island country".

Alioc




msg:3045105
 12:18 am on Aug 14, 2006 (gmt 0)

What about the Inc. heaven Delaware? I've thought about incorporating there through an agent but then there's the international tax laws... I would have to pay to 2 countries, US and mine; which isn't so wise. :)

Tropical Island




msg:3045136
 1:02 am on Aug 14, 2006 (gmt 0)

The whole Caribbean is at risk during hurricane season?

Not the Island of Margarita (Margarita Island in English or Isla Margarita in Spanish), just north of the Venezuelan coast.

I have lived there almost 20 years and in all that time we only had one tropical storm that past over in about an hour with top winds around 65 miles an hour. Lots of others pass by to the north but only send us a little rain.

I Will Make It




msg:3045200
 3:15 am on Aug 14, 2006 (gmt 0)

Tropical Island:
Do you believe you have a spare room?

-I'm a real nice guy!

This 123 message thread spans 5 pages: 123 ( [1] 2 3 4 5 > >
Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Google / Google AdSense
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved