c2h5oh
Joined 11 years ago
Joined 11 years ago
1. It was usable for small-medium companies, because the amount you avoided taxes on was 400k euro times number of people you involved in the scheme as board members.
2. It avoided taxation entirely and not just shifted tax burden to the country with lower rates.
3. It allowed the money to immediately return to the country where the profit originated in without any tax consequences. There is a reason why tech giants are sitting on a lot of cash.
This scheme was unique, because it was available to small fish allowing nullify taxes on the first 400k euro of income (or multiple if you got more people to help you).
Similar ones, available to large corporations, are very much still possible, but they are getting more and more pushback.
- You created an LLC in Cyprus and transferred some IP (usually a trademark) to it
- You licensed that IP to your LLC in an EU country for the amount that basically erased any profit that LLC made
- Cypriot LLCs were not taxed on non-Cyprus income
- Each of non-resident director (or board member, I don't remember) of a Cypriot LLC was not taxed on first 400k euro of income from those LLCs. Double taxation deals Cyprus had protected you from being taxed on that income back home.
I know this is no longer possible with Cyprus, but a variation of that is now happening with e.g. many EU clothing brands having their brand ownership transferred to Egyptian LLCs.
AI companies did quite a bit of uploading while e.g. getting Anna's archive over BitTorrent.
I'm the one making those decisions for the company and I don't believe us immigration officials to be competent and trustworthy enough to have access to what is on my work laptop, so I come through immigration with devices with data I have no problem granting access to - a fresh OS install.
> Either you shouldn't be leaving with devices with the data from your job on them, or you don't trust them, but your job is fine with it.
When visiting US (and I only visit US for work-related reasons) I leave personal devices home and only carry either wiped work-issued laptop (for on-sites) or an old Lenovo laptop with a fresh OS install (for conferences) + a wiped phone.
Now I'm worried that this will be held against me..
The last time I've checked ai still had an edge adding new features, but the team collectively lost the project knowledge and any problem discovered that llm could not fix took significantly longer to correct - they were effectively working on a new to them codebase.
Does anyone know any company that went back to hand-written code because it decided drawbacks of ai generated code or some other concerns outweight the output benefits?
The risk of being denied entry to US and my lack of interest in visiting US share a reason. That's the only change vs 5 years ago as far as governments are concerned.
As for corporate I've always assumed no internal communication was private.
I might also be safer in it - oversensitive security systems nagging me with false positives almost constantly don't pair well with my ADD
Any company dealing with construction waste disposal will want one.
Both will have no problem shelling out 1000 euro per unit.
- extract monetary contributions for their side of political spectrum from ai companies
- extract money for personal gain
- grokify ai answers on political / worldview topics, because polls are showing people trust ai answers more than wikipedia
If you really need a burner you can still get one - there are people who activate SIM cards in bulk using their ID and resell them without collecting IDs. The practice itself is either gray area legally or straight up illegal depending on the country