Where would someone find a trustee or indenture trustee in a private company. Since they don't have to report to the SEC, where would someone find their financials?
The example on tax on dividends varies country to country. In some countries the company is required to pay withholding tax at a flat rate. The shareholder is then not required to pay any tax whatsoever. If you put the shares in a trust, the indivual may likely have to pay another tax since that income is seen as from the trust and indivual tax may apply.
A trust wouldn't exist if you were both trustee and sole beneficiary, but pretty sure you can be both trustee and beneficiary if there is atleast one other beneficiary.
Amal should focus on drones that can stay airborne, we already witnessed one of her company's drones crashing, nearly hitting Amal in the process. I'd think Amals public liability would be through the roof. Time for a vocation change Amal, you're ill-equipped to run a tech company. Know your limits Amal.
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Explained perfectly in under 5 minutes!
love the diversity of the characters
They're all women. You love the uniformity of the characters.
@@Alfoncos ok
@@Alfoncos i was confused
No one in wheelchairs wtf?
@@Alfoncos yep!
What why best jurisdiction for setting up your Trust. What are your thoughts on the South Dakota Dynasty Trust?
Probably the channel islands like Guernsey
Its pretty pricey though
You can also use Mauritius
Sweden, Malaysia
Where would someone find a trustee or indenture trustee in a private company. Since they don't have to report to the SEC, where would someone find their financials?
The example on tax on dividends varies country to country.
In some countries the company is required to pay withholding tax at a flat rate. The shareholder is then not required to pay any tax whatsoever.
If you put the shares in a trust, the indivual may likely have to pay another tax since that income is seen as from the trust and indivual tax may apply.
Great video!!!
can you still sell your company if it is already in the trust?
is it the same with the trust that manages the property of a deceased?
That taxman looked a bit too friendly if you ask me!
What does trustees get in return for his service?
Nothing generally. Because it's often someone close to you or someone actually earning from it.
Haii 0:59
ISNT IT NOT ALLOWED TO BE BOTH TRUSTEE AND BENEFICIARY ?
Not if your demestic trust is owned by a offshore trust like in the Cook Islands
A trust wouldn't exist if you were both trustee and sole beneficiary, but pretty sure you can be both trustee and beneficiary if there is atleast one other beneficiary.
Yes it is. The trustee cannot be the SOLE beneficiary, but can be one of them.
Create an LLC, appoint your LLC as trustee, boom, problem solved
The trust doesn't pay tax??? It sure does if you don't distribute the income!
distribute the money to myself
Most likely the trust would be registered in a zero tax country
But does the trust get non taxed imcome from company or taxed at business rate then put in trust and beneficiaries pay more tax
@@sevculham3246 trusts get taxed at 39% if it has a mere income of $13,000.
4 billion dollars in spare money can be utilize
Is this pertinent to Americans?
Taxation
If Amal puts her company on the public market and she owns shares it’s no longer “her company”. She is a shareholder of a publicly traded company lol
Amal should focus on drones that can stay airborne, we already witnessed one of her company's drones crashing, nearly hitting Amal in the process. I'd think Amals public liability would be through the roof. Time for a vocation change Amal, you're ill-equipped to run a tech company.
Know your limits Amal.
dividend income doesn't subject to tax
It does !
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Varies country to country.