Foreign Correspondent from Hong Kong
Planning the next big project? There's a new loop-hole where you send money off-shore and any profits earned becomes tax-free so long as it is not brought on-shore to the USA or to the European Union.
Some Delphi vendors don't read the taxation laws of Tax Havens and subsequently gets on that country's black-list.
The owners of the famous ComponentAce, a strange company situated in Hong Kong (now called the SAR region of China) lists their place of residence in a hotel-room in the tourist area in Hong Kong.
The owners, Implex Blackine, a ghost company since nobody does business in that location where it is listed as their business location in Hong Kong -- where our correspondent checked, is wanted for tax evasion in Hong Kong and unable to pay their company fees.
Since Hong Kong is now part of China, the taxation rate is raised from 0% (tax-free) to 16.5% (varies) to pay for social support services. Since the company still exists and wanted for fines and unpaid taxes, the owners missing, one wonders, when you order from Blackline Impex DBA ComponentAce, what exactly are you getting?
* DBA means Doing Business As or Trade-Name.
Planning the next big project? There's a new loop-hole where you send money off-shore and any profits earned becomes tax-free so long as it is not brought on-shore to the USA or to the European Union.
Some Delphi vendors don't read the taxation laws of Tax Havens and subsequently gets on that country's black-list.
The owners of the famous ComponentAce, a strange company situated in Hong Kong (now called the SAR region of China) lists their place of residence in a hotel-room in the tourist area in Hong Kong.
The owners, Implex Blackine, a ghost company since nobody does business in that location where it is listed as their business location in Hong Kong -- where our correspondent checked, is wanted for tax evasion in Hong Kong and unable to pay their company fees.
Since Hong Kong is now part of China, the taxation rate is raised from 0% (tax-free) to 16.5% (varies) to pay for social support services. Since the company still exists and wanted for fines and unpaid taxes, the owners missing, one wonders, when you order from Blackline Impex DBA ComponentAce, what exactly are you getting?
* DBA means Doing Business As or Trade-Name.
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1 comments:
Stupid is as stupid does.
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