Does it vary according to where your home base is?
Based in the US, it seems to be 30% about everywhere.
I'm based in United Kingdom and its 30%
Yes, it varies.
In dubai, the tax is 0% :D
Wow...
I know where I'm basing next...
Thats a plan :P
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....
If you carefully balance you income and expenses (for the year), you can have effective tax rate of zero anywhere in the world.
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 :)
Shh! Too many know about Dubai already. ;D
Lol
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.
Here in Soviet Russia it is 40%... ;D
In Soviet Russia, tax pays YOU!