What are the best tax haven countries and if u got a chance to mention popular bank in the country with total bank anonymity

After 9/11 true anonymous tax havens have been slowly disappearing. Many countries that were once great places to shelter income have begun signing tax treaties with the US, UK etc... You need to research which countries have signed or are in the process of negotiating a tax treaty with your own country of residence.

Since USA fucked the bank anonymity you aren't safe in most country's, you can try Japaneses banks I heard that they offer privacy (mafia). But you could go for a The Double Irish and Dutch Sandwich if you have large amounts of money

You're better off just saying FUCK YOU government and leave to a tropical island. 100s of thousands of millionaires flee North America every year for this exact reason.

My advice ------> http://www.rpifs.com/offshoretax/othavens.htm

How cash are we talking about here in rough numbers?

JQ

No. Try a few thousand a year on average...

http://blogs.wsj.com/hong-kong/2011/...e-and-through/

http://www.nytimes.com/2010/04/26/us/26expat.html

Originally Posted by beakon

You're better off just saying FUCK YOU government and leave to a tropical island. 100s of thousands of millionaires flee North America every year for this exact reason.

Tax havens do exist. But only for the elite rich/connected. If any of us Joe Blows tried it, the Feds would nail us.

Here's a story from just today on Romney's 15% tax rate made possible by accounts in the Cayman Islands

abcnewsDOTgoDOTcom/Blotter/romney-parks-millions-offshore-tax-haven/story?id=15378566#.Txdqxm_2Z2B

Japanese bank is safe?no no no
they are just dog

oh if you are american,you may guard your money in Japanese bank because Japanese is slave for american.

uncle sam is a dick when it comes to tax

i am happy not to have an american pasport

Guys, hiding the money from the government and using a tax haven are two very different things. If his company is based in another country which has lenient tax laws (ie no tax) he doesn't have to pay tax on it. That is, until he brings it back into his country to pay himself and spend it.

Cayman islands, panama still works for sheltering. For hiding, not sure.. the swiss banks are out these days.

Hong Kong company with HSBC multi currency account... anonymous is possible for a price !

Originally Posted by purecig

Guys, hiding the money from the government and using a tax haven are two very different things. If his company is based in another country which has lenient tax laws (ie no tax) he doesn't have to pay tax on it. That is, until he brings it back into his country to pay himself and spend it.

Cayman islands, panama still works for sheltering. For hiding, not sure.. the swiss banks are out these days.

Is buying propetry in the name of the foreign company,exempted from paying a extra tax. Like if I bought a apartment complex for $1 million using an offshore account. Will I have to pay $350,000 in tax for doing so?

I know that to setup offshore bank accounts and companies its just the paperwork you need to file, you don't need to be mega rich or connected to someone. As long as you dont hide the money the IRS can't do anything at all.

Last time I looked at this topic there are 9 countries that don't charge an income tax. I dont remember what they are at this point though.

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Philippines

If you set up a company in Panama, no records need to be kept of who actually owns the company and in most cases bearer shares are issued - who ever physically holds the share certificates owns the company.

For tax reasons, the channel islands have a 0% tax rate for companies.

Originally Posted by truthordesire

If you set up a company in Panama, no records need to be kept of who actually owns the company and in most cases bearer shares are issued - who ever physically holds the share certificates owns the company.

For tax reasons, the channel islands have a 0% tax rate for companies.

Just because a company is registered in the channel islands,doesn't mean your exempt from U.S. taxes. If the management is located in the United States for tax purposes its considered a U.S. based company.

" The U.S. taxes it's citizens on their worldwide income. You can leave the U.S. and reside in England, France, Canada or any other country for twenty or more years and you will still owe U.S. income taxes on all your earned income and investment income - unless some of that income is specifically exempted from tax. There is an exemption for up to $80,000 a year (for 2002) of income earned outside the U.S., if you don't live in the U.S. for 330 days out of any consecutive 12 months. But there is no exemption from tax for any investment income from assets held in a tax haven of any kind."

Originally Posted by teeniegenie

My advice ------>

Originally Posted by Roparadise

Just because a company is registered in the channel islands,doesn't mean your exempt from U.S. taxes. If the management is located in the United States for tax purposes its considered a U.S. based company.

Even if you employ a channel islands management company to run your company, you will still pay tax to the US government with the new laws coming into play.

i heard something about hte Caymen islands

inb4 IRS

Originally Posted by truthordesire

Even if you employ a channel islands management company to run your company, you will still pay tax to the US government with the new laws coming into play.

So what are the new loopholes going to be?

Does that taxation law hold true for the UK also? *checks it out*

Originally Posted by truthordesire

If you set up a company in Panama, no records need to be kept of who actually owns the company and in most cases bearer shares are issued - who ever physically holds the share certificates owns the company.

For tax reasons, the channel islands have a 0% tax rate for companies.

Actually, you will need to disclose all beneficiaries to your bank. So ... your involvement is kind of public record when making international transfers.

Originally Posted by infoasian

Philippines

- Can you give some more info about this ?