Tax issue with US bank account

tifire

I run my online store from outside of USA.I am not an US citizen and not located in USA. Many customers of my store are from USA. Currently my store processes payments via third party credit card processing companies like PayPal and 2Checkout. Both are US companies.

There is chance for me to open a US bank account so the funds from 2Checkout and PayPal can be deposited to the account. But I am not sure if I need to pay US taxes for that? What if I use my friends address (in USA) for the mailing and billing address for the US bank account?

Any help or suggestion is appreciated. Thanks.

adaze

I wouldn't have thought you'd have to pay tax as the store isn't based in the US. US customers buying from you might have to may customs duty/ VAT etc... but that is down to them.

I have to ask why though, if you are based in the UK, and so is your store, why do you want US dollars in a US bank? The only thinkg I can think of is so that you get a more favourable exchange rate but is the rate that 2Checkout or PayPal give you that bad. Thinking of it didn't paypal used to let you keep balances in different currencies?