Best Place for US Taxpayer Abroad to Form Your Foreign Corporaton?

U.S. corporations reported more foreign income in Bermuda than in any other sovereign nation in the Americas in 2016, despite having only 384 total employees located there, according to data recently released by IRS.

This may be one good indicator  if you are a US entrepreneur located  abroad where to locate your foreign corporation for best foreign tax breaks, etc.  Check Bermuda taxes out here.

Have questions on your US taxes, forms or planning for a foreign corporation you own, email us at taxmeless@gmail.con

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.