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Anyone of you guys are evading taxes by offshore banking?

Discussion in 'BlackHat Lounge' started by tomsko, May 2, 2013.

  1. tomsko

    tomsko Regular Member

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    I recently ordered Payoneer mastercard to send my Paypal funds to, and since Payoneer is based in US and Im from Europe, there is no way my government will know about my income. I am however having doubts when it comes to paying with my card and withdrawimg money - is it possible tax collectors will try to trace "the guy with US card emptying local ATM every week" ?

    Share your xp with offshore banking and tax evading!
     
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  2. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    wesley snipes could not be reached for comment...
     
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  3. carlikito

    carlikito Regular Member

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    So you want us to incriminate ourselves and to confess to tax fraud?? :boink:
     
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  4. zebrahat

    zebrahat Elite Member

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    First, Snipes was acquitted of tax evasion (he was convicted on the misdemeanor charges of not filing, even though he submitted tax statements at court).

    Second, depending on the country, online earnings are not even subject to tax. As usual, the applicability of a tax is important.

    And thirdly, you're not evading a tax if you are not subject to it. Many are mistakenly presumed to be under a jurisdiction they are not, based on the standard paperwork that is submitted, or the unlawful overreach of a taxing authority. Circumventing a tax system's structural error by prudently using approaches that prevent your earnings from being tracked or mis-categorized in the first place, is not 'tax evasion.' The OP may have problems with the IRS construing him to be from the US if they track his Paypal activity, even though he is domiciled offshore.
     
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  5. sviedinys

    sviedinys Jr. VIP Jr. VIP

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    This doesnt hide you...Banks still see your name and all history is there. Tax collectors never trace you, even if sending money via wire transfer, you are not connected with your country in any way, not selling anything in your country, just money under your name coming from somewhere. The problem is that banks MUST tell tax collectors when they see something suspicious...but im sure banks dont like doing it.

     
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  6. Roparadise

    Roparadise BANNED BANNED

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    Online earnings would be taxed under the all other income sources clause that the majority of countries have.
     
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  7. Gogol

    Gogol Elite Member

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    In India, online earning is taxable (please correct me if I am wrong. I read this in the IT returns official portal). You can't avoid it unless you fake the name and date of birth (which is a criminal offense). Most of the countries relax the tax slab for online businesses. So why don't you register a company for yourself instead of avoiding tax?
     
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  8. greatpvas

    greatpvas BANNED BANNED

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    Most countries will tax on worldwide income, irrespective of where it is earned. If you are a US citizen the answer is easy: yes. Your income is taxable whether it is kept in a Miami bank, London bank, or Moscow mattress.

    A reasonable guess would be every country expects its citizens to pay taxes on income earned in their country, even if you move the money elsewhere.
     
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  9. Abh_Empire

    Abh_Empire Regular Member

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    There's an income tax in every country, it doesn't matter where those money come from. There are a few categories not included in this, like money from donations, but then you have to give a receipt for those money, they're not that easy to laundry.
     
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  10. RosuC

    RosuC Regular Member

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    So your money are tax free until the moment when they are "landing" on a bank account. Talking about the Payoneer Card (that I do have it) - you don't pay any tax to anybody unless you are putting your money that you withdraw from the ATM into your bank account.
    There are no black money - they are very well survived - as I made a merchant account I had to complete an IRS (money laundering) special file.
    If you want to keep your money otherwise than Payoneer account then you do have to open an "off-shore" account that will be more safer if you'll earn more than 50k USD/month. If not - you should stay with your card and keep the money there.
    Payoneer, until now, looked like a professional company (I'm not related with them in any other form that just being a simple customer).
     
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  11. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    First rule of tax fraud, dont talk about tax fraud.
     
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  12. RosuC

    RosuC Regular Member

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    There is no tax fraud talk about here :)
     
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  13. zebrahat

    zebrahat Elite Member

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    Earnings and income are legally two different things, depending on the jurisdiction, and not all earnings are income. Statutorily in the US, the applicability of the tax is limited to those receiving federal privileges in DC and the federal territories, not all Americans. The 'reasonable guess' is not what governs, it is the legal applicability, and whether any tax authority ever receives information reports by which to track or access. These information reports are prejudicially structured to presume people listed on them are liable, whether they are or not. My point is, why play along with systems set up to create evidence of liability, via sheer presumption?

    Only the US and some Euro countries really try to minutely track activity they presume is taxable, mainly by intimidating third parties into supplying reports, who do so because the presume they must. As a practical matter, if one is using pseudonyms, earns under the reporting limit, and is not depositing funds in accounts with a tax number, there is no activity to track, report, access or make presumptions about (correctly or incorrectly) by a bank or a business. It's the administrative process and paper trail that generates liability from out of no where, so don't play the presumptive paper game.
     
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  14. ScaryMustard

    ScaryMustard Registered Member

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    OP is the IRS. :borladuck
     
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  15. ozzke

    ozzke Regular Member

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    Also I want to add that tax avoidance is fully legal, tax evasion isn't.
    In some countries you don't have to pay taxes on worldwide income which comes from outside sources.

    @OP Your name is on the card, in some countries (Sweden for example) they "intercepted" transactions with foreign bankcards but with Swedish names on it and they started searching for them.
    I'm not suggesting anything but if you would withdraw money in another country, then there is no way to find you really now is there? Also don't buy stuff online with it and then send that stuff to your home address that would not be very smart.
     
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  16. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    As ozzke said, if your name is on the card, you are potentially in danger of being flagged by some "blanket" search. That 's assuming your local IRS is able/willing to do that.

    Hiding is unsafe, being 100% legal doesn't mean you can't save a lot. ;)
     
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  17. ShadeDream

    ShadeDream Elite Member

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    Move to Monaco. :D
     
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  18. prab1996

    prab1996 Elite Member

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    you are right but i know how to fuck it .

    my method removed !!

    but if you have a regular job then you will hhave to pay tax.

     
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  19. Panther28

    Panther28 Elite Member

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    All i am saying is copy the "starbucks" method. Make a legitimate loss every year, and get the tax man to pay you.

    Simples.
     
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  20. heisenburg

    heisenburg Newbie

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    best website for learning about this topic is the "sovereign man" website by simon black.
    not spam and not affiliated with the site. there is some seriously good information on this website on avoiding taxes legally
     
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