Tag Archives: tax haven

Airbus & Virgin’s SpaceShips Abandons UK & EU VAT for Tax Haven USA.

EU value added tax planning starts in the US.

EU value added tax planning starts in the US.

Airbus announced that it is going to America.  America is the best  (VAT) value added tax haven in the World.  Airbus is joining BMW and Mercedes in California. 

The value added tax (VAT) is an abusive tax.  It destroys a business’s working capital preventing growth, innovation, and jobs.  Virgin Air’s SpaceShip is ready to launch from New Mexico.

The UK and EU VAT is helping the USA boom.  Why is Virgin Air building its Spaceships the U.S?     Well, the VAT adds to the cost of supplies and parts.  Plus, the VAT  is paid with after income tax working capital (money).  Paying with after-tax dollars increases the VAT to 30%.   If you are spending a $1Billion,  you save $300 million over the cost in the U.K. or the EU.  

  • Many people wonder why the VAT destroys growth.   If you need to purchase $1,000 inventory in the US, you will need to make $1,400 and pay income tax of $400.    In the UK and the EU,   you will need $1,700 to buy the $1,000 inventory.   If the VAT is $200,   the after income tax cost is $1,200 (compared to $1,000 in the U.S).
  • The EU business will need to earn $1,700 paying income tax of $500 to have the after income tax money of $1,200. If you are Airbus or Virgin Air and you are spending billions of dollars paying the VAT.
  • The Financial Times of London reported that the VAT had destroyed what remains of Greek Small Business.  The EU announce $2 trillion in bailouts to save  Greece and Spain is looking for the same.
  • England is not safe from VAT tax haven USA.   Virgin Air’s  SpaceShip I and II were built in California (more on this link).  Yes, anti-business state California is better than the U.K.
  • Avoiding value added tax in the United States.

    Virgin Air Spaceship is in value added tax haven U.S.

    1. Virgin Atlantic’s Space Ship II has joined Space Ship I in California. The VAT destroys business like no other tax; it seizes working capital that is required for growth.  What costs $1.30 billion in the U.K. costs $1 billion in California.
    2. If your business needs inventory, you can simply buy more of it in the United States.  More inventories mean more profits.  More profits allow for more growth. 

    Want to take your tax planning to the next level, then contact me, Brian Dooley, CPA, MBT  at [email protected]

Tax Pirates Invade America

Wikimedia Commons, modified by Gretchen McCulloch

Wikimedia Commons, modified by Gretchen McCulloch

Avast me matey!   Tax pirates have found a new tax haven.

They exploit the IRS mistake on the Form W-9  and uses the Delaware LLC to evade taxes.  Wyoming and Nevada are also popular, as explained in this footnote1.

It started in 1996 when the IRS changed the law on limited liability companies (LLC).   The LLC is an invisible corporation. It does not file a tax return!
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IRS Publication makes the U.S. a Tax Haven for the U.K. Entrepreneur

America, the Tax Haven  for the U.K. Entrepreneur

We all know that the U.S. is a VAT tax haven.   No VAT means goods and services are only 3/4 of the cost as in the U.K.  The automobile that costs 30,000 pounds is only 22,500 pounds in the U.S.  Everything is cheaper.  

However, the U.S. is also an income tax haven for the U.K. citizen. Continue reading

The Best International Taxation Planning Audiobook and Kindle for the Entrepreneur

Chairman Robert Lee Doughton of the Congressional House Ways and Means wrote today's tax laws. , This Civil War baby wrote today's tax law. High school educated in the 1870s!

Chairman Robert Lee Doughton of the Congressional House Ways and Means wrote today’s tax laws. , This Civil War baby wrote today’s tax law. High school educated in the 1870s!

Just how good is Congress doing?.  Today’s tax laws follow the blueprint designed by this man, named after General Robert E. Lee.   Born in the 1860s, his view of the World is in today’s tax laws.  Text messaging was via the Telegraph.

His ancient concepts have created legal loopholes for the cloud based business,  E-commerce small business, and the business selling merchandise without the need for inventory.

Take a three-minute test drive of the audiobook below, at the end of this article.    

For example, did you know that by placing having a British Virgin Island corporation own your website, you may reduce or eliminate U.S. taxation?  You will learn how this is done in my book.

The audiobook edition of  International Taxation in America for the Entrepreneur,  available at Amazon on this link along with the paper and Kindle versions. My Book that is changing tax planning for the E-commerce and cloud-based business.  Easy to read in less than two hours.  Learn our tried and true innovative tax plans with my book,

Myths that restrict your offshore tax planning include:
1. Income deposited into a foreign bank account is foreign source income. Place of bank deposit does not determine so the source of income.  Deposits into U.S. banks can still be foreign income and deposits in a foreign bank can be U.S. taxable income. 

2.The “Dutch Sandwich” helps U.S. firms avoid U.S. taxes.  This ancient tax treaty plan is used to prevent European tax.  E-commerce and cloud base businesses do not need to use tax treaties to avoid taxes.
3. Switzerland is a tax haven.  Switzerland is a high tax country.  Each canton (which is similar to a state) determines the income tax for businesses in that canton. There is no Swiss federal income tax.  

Please enjoy a sample of the audiobook below by clicking on the play button.

U.K.’s VAT sends Space Ship I & II to Golden State & then into Space

Avoiding value added tax in the United States.

Virgin Air Spaceship is in value added tax haven U.S.

Virgin  Galactic’s SpaceShip II has joined SpaceShip I in California.  It is ready to launch in the USA.  Why here and not in lovely England?

The  VAT  (value added tax) is a good reason not to be in the UK or anywhere in Europe. The VAT destroys business like no other tax.  It seizes the working capital required for growth.  The USA is a value added tax haven and the Europeans love it!

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