Myreader.co.uk  
uk news, chat and community
   home   |   control panel login   |   archive   |  
 
misc
announce
answers
consultants
d-i-y
environment
environment.conservation
gov.agency.csa
gov.local
gov.social-security
gov.social-work
misc
philosophy.atheism
philosophy.humanism
philosophy.misc
radio.amateur
railway
sci.astronomy
sci.med.nursing
sci.med.pharmacy
sci.misc
sci.weather
singles
telecom
telecom.broadband
telecom.mobile
telecom.voip
test
transport
transport.air
transport.buses
transport.ferry
transport.london
transport.ride-sharing
  
 
date: 20 Dec 2006 07:09:18 -0800,    group: uk.gov.local        back       
UK Residents, Business abroad   
Hello,

I am a university student and have an issue I can not get around,
please can someone help me?
=>
Imagine this scenario:
Jack and Jill are of Spanish Nationality but reside in the UK, where
they work in a post office.
They both come up with a new idea for selling sunglasses online so they

incorporate a Limited Liability Company (LLC) in USA (say Texas for
example).
What will be the taxes involved in this setup?
Jack and Jill already pay Income tax and National Insurance to the UK
government for their jobs in the post office.
Since the LLC they want to form is in USA, they do not have to pay
CORPORATE TAX (which is stipulated in US law for foreign owners). They
also do not have to pay income tax to the US government for the same
reason.
So my question is => will they both have to pay income tax on their
earnings from the LLC to the UK government?


Thank you very much in advance, I really appreciate it. 
Tracy
date: 20 Dec 2006 07:09:18 -0800   author:   unknown

Google
 
Web myreader.co.uk


    COPYRIGHT 2007, YARDI TECHNOLOGY LIMITED, ALL RIGHT RESERVE  |   contact us