Is there any requirements or regulations that prohibit american companies to have all their IT hosted on a server in a forreign country ?
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Tax Professional Answers
Bill Robinson, CPA
I am not aware of any tax regulations that prevent that. If you have to open a foreign bank account to do this you are required to make an information filing disclosing the foreign bank account and the penalties are stiff if you fail to follow the reporting guidelines.Leave a Comment 348 weeks ago