Sorry if this has been asked before. Did some searching and could not find the answer.
I am planning to open a company with my Japanese business partner here in Japan. Most likely a K.K. He would be the representative director.
As a US citizen, if I own 51% (or more), or any percentage of the company am I obligated to report that to the IRS and pay taxes on it? If we open a GK is that different? If possible, I would like to try and avoid any tax implications or responsibilities on the US side, while of course staying all legal.
Thanks very much.
by rasdouchin