A few US state have zero corporate taxes:
http://taxfoundation.org/article/state-corporate-income-tax-...
And a few states have zero personal income tax:
http://taxfoundation.org/article/state-individual-income-tax...
Zero taxes for startups in Albania
21–30 of 43 posts
Re: Zero taxes for startups in Albania
#22Earlier quoted context omitted.
Switzerland is also good. Very low taxes, high living standard, well-educated workforce, rule of law etc. Read my story here: "Eight reasons why I moved to Switzerland": https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-t... - If you are interested in coming to Switzerland, just shoot me a mail.
Switzerland is good if you are an employee , bootstrapping there is financial suicide.
If you need to hire software engineers onsite, I would not go for Switzerland, that is true.
But it goes both ways. Switzerland is one of the few countries where employees do not need to work five days a week to pay the bills. Some tend to work Monday-Wednesday, because 60-80% of a middle-class salary is enough to live on. On Thursday and Friday one can chill or bootstrap something.
Re: Zero taxes for startups in Albania
#23Earlier quoted context omitted.
Switzerland is also good. Very low taxes, high living standard, well-educated workforce, rule of law etc. Read my story here: "Eight reasons why I moved to Switzerland": https://medium.com/@iwaninzurich/eight-reasons-why-i-moved-t... - If you are interested in coming to Switzerland, just shoot me a mail.
I read your blog post, but it seems that you aren't running a startup in Switzerland, just being an employee.
Switzerland is more company-friendly than Germany and other countries in Europe. That is all I wanted to say. I never claimed that I run anything although I plan to start a consulting business on the side.
Re: Zero taxes for startups in Albania
#24To pay taxes there has to be a profit first. The concept of a startup in general is complete focus on fast growth: every penny earned, borrowed, received is invested and therefore no profit is made. So most startups will not pay taxes anyway, wherever they are. I think a well developed tech culture and VC companies for example are more important.
I would rephrase your comment as "To pay taxes there has to be some services first. But yeah i totally agree with you.
Re: Zero taxes for startups in Albania
#25How did they manage to get the Albanian Mafia to agree to a tax rate of zero?
It's not a tax if you are a 'partner' in the business.
Re: Zero taxes for startups in Albania
#26Startups and small businesses in the United States organized as "S corporations" also pay zero taxes, and the qualification rules are a lot more permissive. To be a United States S corp the rules are: 1) Number of shareholders 2) All shareholders are humans and U.S. residents 3) There is only one class of stock For more, see: https://en.wikipedia.org/wiki/S_corporation
>> Startups and small businesses in the United States organized as "S corporations" also pay zero taxes
This is a misleading statement. S corporations are pass-through entities. In other words, all profits they make get passed through to their shareholders as income, who then pay taxes on their personal tax returns at their personal income tax rates. So technically the S corp is paying zero taxes, but only because they're being paid elsewhere by the owners.
Re: Zero taxes for startups in Albania
#27Earlier quoted context omitted.
Switzerland is good if you are an employee , bootstrapping there is financial suicide.
If you need to hire software engineers onsite, I would not go for Switzerland, that is true. But it goes both ways. Switzerland is one of the few countries where employees do not need to work five days a week to pay the bills. Some tend to work Monday-Wednesday, because 60-80% of a middle-class salary is enough to live on. On Thursday and Friday one can chill or bootstrap something.
I keep hearing this myth, yet I know plenty who work effectively six-plus days work-weeks and zero doing part-time (at least in engineering)...
Re: Zero taxes for startups in Albania
#28It's good that Albania tries to diversify its narrow economy of organ and sex trafficking.
Re: Zero taxes for startups in Albania
#29To pay taxes there has to be a profit first. The concept of a startup in general is complete focus on fast growth: every penny earned, borrowed, received is invested and therefore no profit is made. So most startups will not pay taxes anyway, wherever they are. I think a well developed tech culture and VC companies for example are more important.
Investment is considered as asset gain in some accounting systems, leading to taxes. I am not an accountant, though.
That is capital gain, but I doubt you will get much in the way of capital gain if the institute you invested in is not making a profit.
In fact the opposite is quite common. Companies do an initial IPO to raise capital and then spend the next few years doing nothing but Cash Burn as they burn up all the capital raised during the IPO.
Eventually, if they fail to deliver a profit they run out of capital to burn and they go under.
Re: Zero taxes for startups in Albania
#30Not that anyone would actually want to have a company in Albania, unless they had to. Bulgaria, Cyprus, Estonia, Gibraltar, Malta etc. are good options in Europe.
Not to mention right next door to Albania there's Montenegro which was getting a lot of coverage for being welcoming to newly incorporating startups (also their cctld is .me which is nice)