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Tax implication on Sales of a US incorporated Subsidiary
Hong Kong parent company hold BVI company,
BVI company holds a 100% limited liability company interest in the US LLC, the hong kong Company desires to purchase the BVI’s Equity Interest .
we know that no tax have to pay in HK and BVI.
Any tax implication in the US?
"The equity sold is US LLC, which is belong to BVI, no tax impact in the US." is it correct ?
June 28, 2021
8:04 PM