Anyone have knowledge of offshore incorporation in so called tax havens? As I understand it, a web based software business is well suited to such a venture because it doesn't necessarily sell exclusively in one's home country. Offshore companies can have low to zero corporate tax rates.
However money paid to you, as a salary, is almost certainly taxable in your country of residence. The bigger problem, I hear, is that most western countries, particularly the US now, will tax your company if you have deemed control of it regardless of where it is located. Anyone have thoughts if a software industry offshore company is viable in today's business climate?
