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October 17, 2011

Transferring You Taxable Profits Offshore to Reduce Taxes

If you are a US person or company and do business abroad, you may be able to follow Google's strategy by  setting up foreign corporations in certain low tax or no tax jurisdictions. This has  reduced their effective income tax rate to slightly more than 18% which is one half the rate paid by most US businesses. Google utilizes Ireland, The Netherlands and Bermuda to accomplish this tax reduction. Read the Bloomberg article and find out how.  Perhaps you can follow their lead.  Contact us for a mini-consultation to find out if this strategy will work for your business if you are doing business outside of the US.

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