My understanding is that something like this probably couldn't be done legally in the US, because the IRS taxes barter transactions. Apparently Norway doesn't?
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My understanding is that something like this probably couldn't be done legally in the US, because the IRS taxes barter transactions. Apparently Norway doesn't?
They do indeed tax barter trade in Norway. The way they propose to bypass it is to make it like internal invoicing within corporations. The tax-free aspect is only between people living there, not tourists (outsiders)