Thursday, May 1, 2014

I have a question about tax Havens?

I have a question about tax Havens?
I currently live in the Boston area. I have a corporation in the State of MASS, USA. My corporation makes USD150,000 a month. It is an importing and exporting business so there is no physical installations or nothing that makes me stay in the US. I trade goods between Spain and Brazil. Given that USD150.000 is my corporation's margin I can only have a salary of USD100.000 to USD125,000 so the government sees that the corporation is actually making some money. Right now I'm paying 29% as an individual and another 30% as a corporation. What would you suggest me to do in this particular case ? I want to SAVE, Please help. I am a long term resident alien
United States - 2 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Are you a US citizen or long term resident alien? In which case, you can't escape the taxes.
2 :
Your level of income is too low for a tax haven corp to make sense. I am not up to date with foreign operations planning techniques but I remember there are some tax savings in setting up a Foreign Income Sales Corp. (FISC) I suggest you talk to a tax adviser that specializes in foreign operations but for now, I don't think you are at the level where a tax haven corp makes sense.