The business now consists of letterhead with a prestigious 5th Avenue address, a board room (used four times a year), a receptionist’s desk (9-5, M-F), a file of incorporating documents (somewhere in Delaware), a website (maintained from New Delhi), and a bank account (Cayman Islands). They generated $5,000,000,000 in revenue last year, and paid $20,000 in taxes (the receptionist’s income tax).
doc white over 12 years ago
Had to happen sooner than later.
fritzoid Premium Member over 12 years ago
The business now consists of letterhead with a prestigious 5th Avenue address, a board room (used four times a year), a receptionist’s desk (9-5, M-F), a file of incorporating documents (somewhere in Delaware), a website (maintained from New Delhi), and a bank account (Cayman Islands). They generated $5,000,000,000 in revenue last year, and paid $20,000 in taxes (the receptionist’s income tax).