A tax expert posted his company, PewDie UK Ltd. on PewDiePie. Accused of trying to evade his taxes in the UK, with his plans to relocate to Cyprus.
PewDiePie is one of the greatest online artists on the planet. His YouTube channel, which has more than 100 million subscribers, firmly places him as the platform’s most subscribed individual creator and thus his wallet is also great!
Although PewDiePie is Swedish, he has lived in Brighton, England for most of his life and has been a director of the British company PewDie UK since April 2019.
However, they have recently appointed two new directors at the company, and it appears that they plan to help reduce their tax bill by moving the company from the UK to Cyprus, where the new directors are based Huh.
According to this report by Input Mag, two new directors, Andreas Menelau and Kensia Milewska, gave a correspondence address on Pedi UK Limited. Which has its own company, Andreas Menelau LLC, based in Nicosia, Cyprus.
Tax expert Nimesh Shah, CEO of Blick Rothenberg, told Input Mag that this was likely due to a reduction in PewDiePie’s tax rates, 19% in the UK, and 12.5% in Cyprus.
“From the fiscal point of view, I think they are trying to move this British company to Cyprus”, He announced. “If decisions, overall management and strategic decisions are taken outside the UK, you can transfer that company outside the UK for tax purposes, and so the UK is waiving that and corporate tax. Companies. “
The popular YouTuber Kwebbelkop also commented on the issue, claiming “Most of those most popular YouTubers have to start considering ways to reduce the amount of money.” to link ” A lot of people try to keep it as secret as possible because it can damage their reputation. “
It should also be noted that this is not an illegal process. It is extremely common for those who earn a certain amount to register their businesses in offshore accounts to reduce their taxes. But, as Kwebbelkop notes, these decisions, not illegal, can damage reputation, so PewDiePie is unlikely to talk openly about them.