Re: State Coalition Approves Internet Sales Tax Plan
This WebDNA talk-list message is from 2002
It keeps the original formatting.
numero = 45176
interpreted = N
texte = I think the problem occurs when you need a U.S. bank account in order to be able to accept U.S. credit cards for the majority of your internet sales. Those deposits go into your bank account, which means the source of that money is traceable. Doesn't this mean it's going to be difficult if not impossible to hide the fact that you owe sales tax on those sales?>There are always the Cayman Islands, Bahamas, Bermuda, etc. Ask Ken >Lay and any other CEO how they avoid taxes on their money. Does tax >shelter ring a bell?>>Stanley Tools of CT was going to incorporate in Bermuda, rent a post >office box, and save a few million in taxes until word got out and >they backed off due to bad PR and political pressure. (The fact that >the workers would loose their pensions in the process wasn't a >factor in the decision to move.)>>Now that the mid-term elections are over, Stanley can do whatever it >wants. There's no political pressure to worry about.Sincerely,Kenneth Grome---------------------------------------------------WebDNA Professional Training and Development Center175 J. Llorente Street +63 (32) 255-6921Cebu City, Cebu 6000 kengrome@webdna.netPhilippines http://www.webdna.net----------------------------------------------------------------------------------------------------------------This message is sent to you because you are subscribed to the mailing list
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I think the problem occurs when you need a U.S. bank account in order to be able to accept U.S. credit cards for the majority of your internet sales. Those deposits go into your bank account, which means the source of that money is traceable. Doesn't this mean it's going to be difficult if not impossible to hide the fact that you owe sales tax on those sales?>There are always the Cayman Islands, Bahamas, Bermuda, etc. Ask Ken >Lay and any other CEO how they avoid taxes on their money. Does tax >shelter ring a bell?>>Stanley Tools of CT was going to incorporate in Bermuda, rent a post >office box, and save a few million in taxes until word got out and >they backed off due to bad PR and political pressure. (The fact that >the workers would loose their pensions in the process wasn't a >factor in the decision to move.)>>Now that the mid-term elections are over, Stanley can do whatever it >wants. There's no political pressure to worry about.Sincerely,Kenneth Grome---------------------------------------------------WebDNA Professional Training and Development Center175 J. Llorente Street +63 (32) 255-6921Cebu City, Cebu 6000 kengrome@webdna.netPhilippines http://www.webdna.net----------------------------------------------------------------------------------------------------------------This message is sent to you because you are subscribed to the mailing list .To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://search.smithmicro.com/
Kenneth Grome
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