The problems you are describing are only viable if you are a US citizen, otherwise you have no clue what you are talking about. You can literally pay 0 taxes LEGALLY by incorporating in a jurisdiction that has 0 corporate tax (or very little, less than 5%), 0 dividend tax, 0 capital gains tax, free money movement (like Malta that you described), etc... When it comes to paying personal income taxes every year, you pay only on the salary you give to yourself. If you've never done this before, at least stop giving wrong advice to others.
What, you think you're an international tax guru now? Learn to read English to a good enough standard to understand what I've said before throwing in a smart comment.
I was speaking specifically about personal income tax, which you still will have to worry about paying at your local rate in many cases even if you incorporate in a tax haven and significantly reduce your corp tax.
You've essentially just said the exact same thing I said, again, in a different way.
The problems you are describing are only viable if you are a US citizen
No they aren't. In many countries you will be liable to pay personal tax in whichever place you live. ie. someone in the UK can setup a company in a Caribbean tax haven, pay themselves a dividend to their UK bank account, and be liable at UK personal tax rates on those dividends.
In fact in many jurisdictions, even if your company is registered in a different jurisdiction, the "management" of the company can be designated where the director(s) are actually living, and especially in situations without tax treaties you can open yourself up to paying corp tax in your locality even with the company itself registered in a different jurisdiction that has significantly lower tax.
You can literally pay 0 taxes LEGALLY by incorporating in a jurisdiction that has 0 corporate tax
Yeah, only on
corp tax though, not personal unless you move to Dubai, for example, and then you'll pay 0% corp and 0% personal. That's exactly what I was saying in the first place, but your understanding of English has let you down and you jumped the gun.
I've reduced my total tax (corp and personal) to less than 3%, LEGALLY (as you put it), and have companies in a handful of different havens.. I think I've got a pretty good idea what I'm talking about buddy.
Then, in order to avoid personal income taxes in your home country, you make sure that during this year (that you will do the withdrawal), you stay less than 180 days (6 months) in your home country.
Ahhhh.. so the whole crux of your argument for how you can avoid high personal income tax in your home country rests on not staying in your home country for more than 6months. Well, for a start, a lot of people can't do that. It's kind of dumb to expect people to leave their country for 6 months every year.
Secondly though, there are quite a few countries where you don't relinquish your tax residency just by being out of the country for more than 6 months and will still be liable. US, Australia, and more.
You don't. You keep that money in your company's bank account. If you need to buy something, do it through the company.
Right, except that paying for things with your company card to avoid personal tax in your home country might sound like a cute idea, but you need food every day, you need to pay rent, you need to pay for a million things it's not practical to be doing that long term.
Also, in a lot of cases if you get caught doing that and paying for groceries with you company card then you'll be done for tax EVASION in your home country.. Smooth move.
Sounds like you're the one that doesn't know what the fuck they're talking about.
https://www.forbes.com/sites/stephe...asion-for-paying-personal-expenses-from-firm/
Lucky we had you here to straighten us out so we didn't give any more "wrong advice to others". At least if you're going to be a jackass, understand the basic principles of what you're talking about.
