The Global Entrepreneurs Guide to CFC Rules

CFC (controlled foreign corporation) rules are a set of legislation primarily introduced to prevent the operation of empty shell companies in low-tax jurisdictions out of countries with higher corporate taxes. Why do countries implement CFC rules? Corporate tax rates vary widely throughout the world. The industrialized nations of the West generally have high tax rates, … Read more

The Different Income Tax Systems Worldwide

An overview over the different tax systems These are the four primary tax systems in the world today: ⭐️ The citizenship-based taxation⭐️ The residential taxation⭐️ The territorial taxation⭐️ The non-dom-system⭐️ No direct taxes There is only one major country in the world that taxes their citizens based on their citizenship, the United States of America. … Read more

Strategies For Compliance For Perpetual Travelers

Financial institutions have to comply with many regulatory requirements.Often they require an address verification of their customers for KYC (know-your-customers) purposes. The so called “utility bill” has since become a de-facto standard for address verification.A utility bill is typically a monthly invoice that shows the consumption of utility services during the preceding month.Traditionally this relates … Read more