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Provocative International Tax News

international tax, international tax planning,

International Tax Planning for the Entrepreneur is easy to read and understand.

You are in good company reading this blog with 50,000 other smart viewers  (from more than fifty countries).

Making you wealthy with innovative tax planning is the mission of this blog. Wealth is not created by your tax deductions. Spending a dollar to save forty cents in taxes will not make you wealthy. Wealth is created by good business including innovative and, in some cases, provocative tax plans.

Get my 2014 edition of International Taxation in America for the Entrepreneur at Amazon.  You will learn the tried and true methods of international tax planning for the business owner and real estate investor.  The Kindle is only $9.50 on this link.

Want to brainstorm your tax idea?   Then, please call me, Brian Dooley, CPA, MBT at 949-939-3414 for a free brainstorming consultation. 

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Tax planning and saving taxes does not work when you IRS deposits are stolen. Use the “Safe Lock” to protect yourself.

Protect your tax refund from ID thieves with the free “Safe Lockon this link.  Until the Obama’s Attorney General Holder was robbed twice, the Administration did little.  Then they got Michelle’s Obama’s social security number.  

Local drug gangs have turned into tax refunds thieves   60 Minutes reported that they have “laptop parties” where they get together and chit chat as they steel your money.   Often they have a friend or a mole working at a doctors office. The mole gets your information.

If you are a victim and the IRS has frozen your refund,  call your Congressman.   He or she has a dedicated staff that works with the IRS. 

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American firms are finding England a great low tax haven.  Pfizer Pharmaceutical move to London, has let the “cat out of the bag.” Here is how it is done.  By the way, you can locate your foreign corporate headquarter in the U.S.

Tax Court gives the  blueprint on saving taxes on your investment income with your tax haven company.  You got to read about this case if you have investment income, on this link.

saving taxes, how to save taxes, tax planning,

i Saving taxes with an IRS approved tax plan is called a private letter ruling.

New IRS internal legal memo gives tax breaks to the “check the box” foreign company incurring losses.  Here are the tax saving IRS rules

  • Avoiding state income taxes this new IRS  designer  Nevada trust.  IRS tells how to use your Nevada corporation as your trustee to legally stop paying state taxes on your investment income. Here’s what’s happeningon this link.

IRS blazes provocative tax savings for the foreign investor in U.S. real estate, on this link.

New 2014 IRS discloses the best business structure for the entrepreneur.  Designed to allow you to pay less taxes now and to get the best refund during the next recession.  Here is what is happening. 

Tax planning,  with the Supreme Court common tax laws

Tax planning with Supreme Court common tax laws

18th Century Supreme Court case destroys IRS tax penalty law. Using this case, the Tax Court gave the IRS a big defeat.  Here is what happen.

The Supreme Court is the “law of the Land”.  It rules over the IRS and Congress.   

international tax planning, international, tax, planning,

International tax planning and international tax savings with this Treasury Department report.

The U.S. Department of the Treasury (a branch of the White House) issued an report on tax savings international tax plans that the IRS cannot stop.   They reported the successful foreign tax plans of international businesses. We have obtain a copy.  It is on this link.  

If you have a business in a foreign country, this report will save your taxes.  The international income tax planning strategies in this report are the trade secrets of offshore tax planners.   

offshore trust, foreign trust, nevada trust, estate planning trust, esbt, Since the Middle Ages, the wealthy have capitalized on trusts to avoid paying taxes.

Trust are the most effective tax tool. International tax planning should start with a Nevada trust to own the foreign company.

This easy to read blog post has the blueprint for successful trust tax planning. International Tax Planning should start with a trust to own the foreign companies. Besides avoiding state income taxes, the trust can move onshore or offshore at any time.   Surprisingly, an internal IRS memo disclosures how to protect assets and save taxes with an offshore trust.  In this blog post, I discuss offshore tax planning and provide the IRS memo. 

internet tax planning, saving taxes, cloud tax planning ,

Saving taxes with the cloud based

Learn how businesses are using the cloud to save taxes on this link.  E-commerce businesses are avoiding state income taxes and in some cases deferring U.S. taxes.

Be an IRS tax wizard with our new custom Google search, below .  I personally programmed this custom Google app to read 500,000 pages deep inside the IRS’s web site and the tax court’s web site. 

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3-D Printers — The Tax Havens Are Going Boom

tax haven, 3d printer, offshore tax planning, offshore manufacturing, saving taxes.

The Tax Havens are loving this Christmas. Meanwhile the IRS is scared to death.

Staples’s $1,200 3-D printer is coming your way for the holidays and the IRS is not happy. Just as your state’s sales tax collector most likely is dreading the fiscal consequences of the new technology.

Shoes, bicycles and guns are just a few of the items that can be “beamed” into your home. Scientists have already used 3-D printing to arrange human embryonic stem cells, according to a 2013 article in Science World Report. Artificial organs and tissues via 3-D printing may soon be next. The applications of 3-D printing have barely scratched the surface.

As an expert on international tax planning, my mind is spinning with ideas on how 3-D printing will impact tax strategies. The ancient tax laws of the United States are already severely behind on the times. The IRS code was designed in 1939 and has had no major changes to address the technological advances in commerce. Cloud commerce and e-commerce businesses are ages ahead of the tax code.

U.S. international tax laws are based upon the shipping of tangible goods. If the foreign manufacturer has an office in the United States, then the IRS gets to tax the manufacturer’s U.S. profit. IRS source rules are based on where you are physically located when you earned the income.

Now consider for a moment the fundamental shift in business if 3-D printing became commonplace. What if retailers could sell without having an office in the United States? What if they could “beam” their products to their customers?

Mega tax savings through technology? Yummy.

Mega tax savings through technology? Yummy.

A Sweet Deal

Let’s take cookies as an example. We all love Mrs. Fields cookies. Let’s say that Mrs. Fields placed its server in the popular tax haven known as the Isle of Man, an island situated between Great Britain and Ireland. The server belongs to their business entity based there.

You’re a loyal customer living in Los Angeles, which is 5,175 miles away from the Isle of Man. So you visit the Mrs. Fields website and order a dozen of your favorite chocolate chip walnut cookies. Within 30 minutes, your 3-D laser printer spits out a warm batch of mouthwatering cookies. They taste fresh out of the oven.

Now this is great for you. You get “home-baked” cookies without ever breaking a sweat. Meanwhile, the Isle of Man company just earned U.S. source income tax-free.

The 3-D Printing Economy: Supply and Demand . . . and Competition

The sale price of goods and services is based upon supply versus demand. However, with product beaming, the supply is infinite. The seller saves money as the cost of products drop.

When a computer located outside the U.S. provides services, the income is foreign source and not U.S. taxable. With 3-D printing, the service sends commands to the end user’s 3-D printer—regardless of where they’re located.

In the 3-D printing economy, competition may ultimately become infinite, too. Theoretically, I could start Brian Dooley’s Cookies in the Isle of Man.  All I would need is the right software, and boom! my cookies could be the next Mrs. Fields. (I can tell you that I make the best Irish Oatmeal cookies, and my prices will always be half those of Mrs. Fields.)

As 3-D printing becomes a dominant technology in multiple industries, what’s to stop U.S. businesses from transferring all their business to tax havens? Absolutely nothing.

More 3-D Printing Applications

Here are just a few more exciting developments in 3-D Printing:

  • NASA is starting to beam tools, such as adjustable wrenches, to the space station. 3-D Printers can also use plastic, cement and metals to make their product.
  • Nokia has published the files necessary for people to 3-D print their own Nokia Lumia 820 cases on this link. You merely go to the website and print a new case in the color you want.
  • Here’s a video on a group who made a working bicycle with a 3-D printer.

The Future of 3-D Printing and Tax Strategies

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Learn how to save taxes with “International Taxation in America for the Entrepreneur” using tried and true methods.

Every day, there are new experiments on 3-D printing and for me, new ways to consider the impact on tax planning. Most business owners and their tax advisors aren’t taking advantage of the incredible tax saving opportunities in e-commerce and cloud-based businesses.

That’s why I wrote International Taxation in America for the Entrepreneur, available at Amazon. Business owners, entrepreneurs and tax advisors: start thinking outside the box and learn about the major tax planning strategies many mega corporations have already implemented.

If you’re curious about tax havens, trusts, foreign corporations and proven, legal strategies to build wealth through tax planning, this book is for you.