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Withholding Tax Reconciliation the City of Brunswick  Form

Withholding Tax Reconciliation the City of Brunswick Form

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[Music] welcome to the surprisingly great city of Baku Azerbaijan my touch time here and it's pretty cool so we're gonna talk today about what is withholding pact and this is something that I've run into a few times with clients where they missed a distinction so for example they'll say hey look in this country I don't have to pay tax on income from such-and-such so let's use Canada as a simple example but this is true of Netherlands and certain structures in Luxembourg and a bunch of other places okay so let's say that Canada has a holding company regime they can take advantage of something called exempt surplus which allows them to receive income into a Canadian holding company tax free so a foreigner might think oh great you know I'm gonna do some investing I'm gonna be buying some foreign companies and those companies gonna produce income for me there's gonna be dividends I want to receive those dividends tax free great Canada's perfect probably not okay why not well because withho

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