Re:Costa Rica signs law to attract digital nomads
by pbhjpbhj on Saturday August 14, 2021 @12:55PM
(#28182140)
Tax on trade marks must be low, so you make a company in Canada, purchase trade mark rights from a guy in Costa Rica, your Canadian company makes no profit ... isn't that the sort of thing the big companies like Amazon do to pay no local taxes.
[ Parent
| on HN ]
Re:Costa Rica signs law to attract digital nomads
by eloff on Saturday August 14, 2021 @01:42PM
(#28182538)
This requires that you earn your income through a company under your control and that you can pay to setup a complicated tax avoidance scheme like that, and pay to defend it, and even then you may get it wrong and end up paying taxes and penalties.
I don't recommend trying things like this.
In this specific case I guess you'd make your money from the IP royalties in Costa Rica, so it may avoid the Canadian source income. I doubt it would stand up to scrutiny though, the courts would very likely see right through it.