Most industrial Countries run CFC-Regimes (Controlled Foreign Companies) or adopt single Rules to avoid a double non-taxation of foreign entities. Income is then deemed as received even without distribution to a shareholder.
The tricky part is if someone did so over the past without declaring these non distributed profits, could end up in a Law Suit, triggering hefty fines and in some cases jail term.
Chenevieres Consulting SA (CCSA) advises its international clients about necessary steps. Get in touch to discuss your personal situation.
You must be logged in to leave a reply.