Difference between revisions of "Offshore Business - Pay Low Tax"

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Revision as of 02:06, 31 October 2024

Offshore tax evasion is crime in several onshore countries and includes jail time so it ought to avoided. On the other hand, offshore tax planning is Attain a great crime.

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Congress finally acted on New Year's Day, passing the "fiscal cliff" the law transfer pricing . This law extended the existing tax rate structure for single taxpayers with taxable income of reduce USD 400,000, and married taxpayers with taxable income of less than USD 450,000. For using higher incomes, the top tax rate was increased to 40.6% These limits are determined before a foreign earned income omission.

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