How I became an Offshore structuring guru [Personal Story]
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- čas přidán 24. 08. 2020
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Thanks!
A pleasure. Thank you for the support!
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Yes Michael, you are still a magician - a very good one, a corporate magician!
Thanks for sharing your story! The card magic background is very interesting, was intrigued to hear how it influences the way you approach problems. Keep up the great content.
Thanks! Yeah magic is super interesting.
I've been learning about software design and development lately and it's been interesting how that influences your thinking as well.
Do you pay much attention to mental models?
Loved that story
Seems like playing a game of 4D chess - multiple jurisdictions, tax laws and treaties moving, immigration rules are handled differently in each embassy let alone in each country??? PLUS laws change, governments change, and even global geopolitics too. I love the idea of getting around systems, laws, regulations and building strategies, etc - Sounds like a fun job!!
Setting up in Ireland can be a good idea with the right structure. A 12.5% corporate tax rate isn't bad. It's not a good as Hungary's 9%, but given the double tax treaties Ireland has in place it can still be very useful when you want to avoid having to deal with economic substance rules in most of the zero tax jurisdictions for IP. I mean I would much rather pay 12.5% or 9% in Ireland or Hungary for a corporation that holds my IP when I can use that company to pay a much lower cost development team in Eastern Europe or Asia without having to face fines or penalties in a place like the BVI or the UAE, or God forbid having to pay for work permits and staffing for an IT based company in the UAE. There is also a lot to be said for civil rights protections in the EU for a media company for example that come with those relatively low marginal rates. There is also something to be said for Ireland's non-domiciled tax treatment.
great 👍🏼, how do people start working with you, I live in Amsterdam the Netherlands
👍👍
I wonder what education and qualifications you have .I have consulted you privately and you gave good advice
Maybe this can help czcams.com/video/RpheP_cLvAg/video.html :)
Found this video. You did not mention your education. Where do you live personally?
I'm from Canada but currently living in Bulgaria
@@MichaelRosmer cool. are you a CPA? CFA? Tax Attorney? What certifications do you hold?
@@ArizonaMMJ why does that matter?
@@Hunters61 do you care that the doctor you go to see for surgery has credentials? Its perfectly acceptable to ask.
Sorry, but there is a terrible echo in this video.