Income Tax

Started by JDuff, May 02, 2011, 01:42:36 PM

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JDuff

May 02, 2011, 01:42:36 PM
Does it vary according to where your home base is?

Based in the US, it seems to be 30% about everywhere.

JIMBORICHARDSON

#1
May 02, 2011, 01:48:10 PM
I'm based in United Kingdom and its 30%

slither360

#2
May 02, 2011, 01:49:35 PM
Yes, it varies.

In dubai, the tax is 0% :D

JDuff

#3
May 02, 2011, 01:52:41 PM
Wow...

I know where I'm basing next...

JIMBORICHARDSON

#4
May 02, 2011, 02:06:45 PM
Thats a plan :P

Jona L.

#5
May 02, 2011, 07:18:36 PM
Quote from: JDuff on May 02, 2011, 01:52:41 PM
Wow...

I know where I'm basing next...

Well, you can't get a tax return in Dubai either....

JumboShrimp

#6
May 02, 2011, 07:20:13 PM
If you carefully balance you income and expenses (for the year), you can have effective tax rate of zero anywhere in the world.

Jona L.

#7
May 02, 2011, 07:24:06 PM
Quote from: JumboShrimp on May 02, 2011, 07:20:13 PM
If you carefully balance you income and expenses (for the year), you can have effective tax rate of zero anywhere in the world.

That's what I was talking about....

use tax as a kind of a reserve... you pay like 50M (trying to downsize as I usually pay about 1bn-1.5bn) a year, and get the whole lot back at once.... a bit like a saving system :)

Unbornio

#8
May 03, 2011, 10:15:24 AM
Shh! Too many know about Dubai already.  ;D

Lol
Beta Tester

Jona L.

#9
May 03, 2011, 05:48:53 PM
Quote from: Unbornio on May 03, 2011, 10:15:24 AM
Shh! Too many know about Dubai already.  ;D

Lol

Why should I shh?! I tell them to go some where else and use TAXes as money reserves, so a reason AGAINST Dubai...
but nonetheless...

Jona L.

Ilyushin

#10
May 03, 2011, 06:05:00 PM
Here in Soviet Russia it is 40%... ;D

GEnx

#11
May 03, 2011, 06:11:05 PM
In Soviet Russia, tax pays YOU!
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