Comments on: can you sell a business to a foreign country and pay to taxes?

By: googie

googie — Sat, 30 Jan 2010 05:14:30 +0000

Before you interject the subject of taxes into your movie, you had better know what really happens. Otherwise you are working under false assumptions and that doesn't fly!! googie

By: Pagan Dan

Pagan Dan — Thu, 28 Jan 2010 22:20:54 +0000

Any company that does business in the US has to pay American income tax, regardless of ownership. Get your character to buy a shell company (legally incorporated but no income or assets) and take it from there. Pagan Dan

By: Mark C

Mark C — Wed, 27 Jan 2010 14:44:58 +0000

There aren’t any loopholes – if you sell something of value and have made gains against your investment you have to pay capital gains tax – doesn’t matter who actually buys it… Mark C

By: wndlssmgc

wndlssmgc — Sun, 24 Jan 2010 12:37:35 +0000

I think you do, although I’m Aussie, because it’s still considered an income. I’m sure there are many ways to get away with this illegally though. wndlssmgc