Cyprus is also corporate friendly country.
The place of effective/central management/permanent establishment is where you will be taxed if there´s any paper trail. It doesn´t matter if you incorporate in A,B or C country. For the tax department it´s where your business is conducted. If your business effectively operates in a high taxation country it will be taxed there. The test to know if you have a permanent establishment varies from country.
Generally the test is made by the bank account of the company and it´s statements. Bank accounts secrecy are consistently being broken by tax bullies. And from there they get the entire history of your activities. Unless you deal with cash. But since cash is being banned. Your bank account must comply with your tax info.
Even in the US it´s the same. Between states. Heard recently the father in law of a friend of mine. Not companies but individual residency. They nailed him. He had tax residency in one state and lived in another. A lot of fines.
With the level of info the tax departments have it´s really difficult for you not to get caught. Unless you live a James Bond life. Or your earnings are irrelevant. You will have issues.
We are in the highest level of taxation in western history and at the same time probably the highest level of compliance which means there was probably never a time in history in free nations where so much tax have been effectively paid. Not only taxes have gone up. But the level of tax evasion have never been lower. This to me sounds like communism filth. And one of the reasons why the west is being deliberately broken. Except for Trump.
The place of effective/central management/permanent establishment is where you will be taxed if there´s any paper trail. It doesn´t matter if you incorporate in A,B or C country. For the tax department it´s where your business is conducted. If your business effectively operates in a high taxation country it will be taxed there. The test to know if you have a permanent establishment varies from country.
Generally the test is made by the bank account of the company and it´s statements. Bank accounts secrecy are consistently being broken by tax bullies. And from there they get the entire history of your activities. Unless you deal with cash. But since cash is being banned. Your bank account must comply with your tax info.
Even in the US it´s the same. Between states. Heard recently the father in law of a friend of mine. Not companies but individual residency. They nailed him. He had tax residency in one state and lived in another. A lot of fines.
With the level of info the tax departments have it´s really difficult for you not to get caught. Unless you live a James Bond life. Or your earnings are irrelevant. You will have issues.
We are in the highest level of taxation in western history and at the same time probably the highest level of compliance which means there was probably never a time in history in free nations where so much tax have been effectively paid. Not only taxes have gone up. But the level of tax evasion have never been lower. This to me sounds like communism filth. And one of the reasons why the west is being deliberately broken. Except for Trump.