Viewing profile — charlesdm

Perhaps it's more streamlined in the UK, but generally in Europe you will have to go to a notary. The process is often 1) notary (incorporation deed creates the entity), 2) followe…

400 million revenue, 20 billion acquisition price. Sounds like free market to me? They paid up to protect their business and everyone walked away happy.

The right way is to move away from gas and invest in renewables.

Where are you based? If you are able to speak English well, the honest answer is that you can be making the same as EU/US based peers. But perhaps not at the same company. Usually …

The answer is likely not to hold any local currency. Which might not really be feasible for many local people.

Which is fine. It's fine to get paid. That's the deal -- you are getting a bag of cash (more than you could ever make as an employee) for an asset. You lose all say over it once yo…

VAT is a tax on consumption. But it is only levied when you take a certain action with your funds -- i.e. consume it. You could also (re)invest and let your capital compound. So ye…

It seems weird you are forced to distribute the dividend in BGN. Pay the withholding tax, yes. But the dividend itself? Most accountants can calculate the corresponding currency eq…

Unless you're actually living in a tax haven or a third world country with no CFC laws, you're almost certainly breaking the law with this. The conversations I have had with people…

He is probably adding VAT to his income tax rates, which imo is not correct.

Consumption yes. But how do you get to 70-80% for reinvesting? Corporate taxes are 20%, dividend taxes 30% on remaining 80? That gets you to 44% net tax. From gross to net. Income …

You can't just work your way to wealth. You need to reinvest what you make into other assets and let them compound... That said, I know self employed developers making 150-200k (EU…

You forgot to mention you do have a wealth tax. For wealthy people, those tend to be one of the "worst" taxes, because it is payable regardless of whether your investments do well …

Most self employed in Europe have access to similar tax policies. You could think about and approach things differently to attain a similar result. I live in Belgium with similar h…

The honest answer is: it does not matter. Great products have been built on very diverse tech stacks. Million dollar businesses have been built on a single VPS running PHP, without…

If you steal the Coca Cola recipe and release it, don't you think you'd be acting illegally? These documents were stolen from law firms, trust managers and accounting firms. Aside …

The result of years of low interest rate policies.

How does a system created by the SEC detect that person A is a (close) friend of person B, with accuracy? Family I can understand, if you share the same last name etc, but friends?…

Dubai has no income taxes. So this is irrelevant. Companies are not even required to hold records for tax purposes.

Maybe. But it is better than the alternative? It's the quickest solution. Have a look at what happened when Venezuela ended up launching the Petro.

That should be taxable in the hands of the employee, obviously. Estonia seems to be doing well with their tax system, and it's pretty much exactly what is described above.

Depends on your citizenship. If you hold non US citizenship, it is generally easy to avoid most taxes by physically relocating to a tax haven (low or no tax). But that is perfectly…