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{GET} How to set up your Offshore Business

Discussion in 'Business & Tax Advice' started by sugarpimp, Mar 31, 2009.

  1. sugarpimp

    sugarpimp Registered Member

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    When you earn money in the Internet like affiliate marketing etc., its perfect to move your business offshore.
    I did it a few years ago and I am really happy to pay zero income taxes on my earnings.
    This by far the best book avaible, although its 3 years old, most things are up to date, only the party with Europe and countries like Switzerland, Austria etc. are out of date and I would not suggest to use bank accounts over there.
    Maybe some people find it useful or need some advice, so I decided to share it with you guys here because it really covers every detail (con/pro) on going offshore.
    Please make mirrors of the file because it can be downloaded only 10 times from Rapidshare.
    Download
    Code:
    http://rapidshare.com/files/215598967/Tax_Havens_2006_Today_The_Benefits_and_Pitfalls_047005123X.pdf.html
     
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  2. bigbeats

    bigbeats Newbie

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    can you upload again, please?
     
  3. franzpick

    franzpick Newbie

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    No need to make mirror, use mediafire.com or send it to myusername(at)gmail(dot)com, i will do it for you.

    Bye

    Franz
     
  4. scoots250

    scoots250 Registered Member

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    Can anyone whos got this please upload again thanks
     
  5. sugarpimp

    sugarpimp Registered Member

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  6. samer

    samer Newbie

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    You guys need to pay attention to the fact (and it was promised before in November, 2008 when the crisis hit the world) that this April, 2009 at G-20 countries summit they announced much more transparent banking, including all the tax avoiding AND they want to completely LIQUIDATE OFFSHORES.

    Now, I am not the expert, just heard this in the news and I think we all need to pay attention to the fact that new world deal is announced or they are just trying, may be it just worlds without real steps after them.

    Does anyone have read anything about what did they decide to implement on this matter?

    I welcome everyone to this discussion, guys as it very useful for everyone looking to go offshore and who is already have offshore companies, etc... as we need to be aware of the near future legislation developments in this field.

    Or do you think it will never happen?

    P.S. G-20 is great 20 countries club summit they had in London these days.
     
  7. lemon

    lemon Jr. VIP Jr. VIP Premium Member

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    well, the US government has already made offshore banking much more difficult, especially in countries such as Switzerland. I am sure things are only going to go downhill from here although they will probably never be able to completely annihilate asset protection.

    soon the only people with offshore banks will be the extremely rich ones.
     
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  8. NeoAkira

    NeoAkira Newbie

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    @samer

    The G20 Nations promise many Things when the day is long. It will never happen that they can close down any of the Offshore-Heavens. OECD has no real Power at all.

    Here is a nice article about the OECD and Tax-Heavens.

    lpoffshore [dot] com/eng/oecd.html
    (sorry, but not enough posts for submitting links)

    There are many Countries in the World who give a sh*t what the G20-Nations are thinking. OECD is mostly producing only hot Air with the Money of the Taxpayers. It is kind of Marketing. Try to scare the People that they don't even think about bringing their assets offshore, so the Nations can get more Money in their own Pockets and give them away to the Banks, who started all this economic fall in the world.

    Don't trust your Gouverments, they only want thes best from you...your Money.
     
  9. bluey

    bluey Registered Member Premium Member

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    Just some helpful information it is illegal (think jail and shit) for a US corporation to own or have a offshore Bank Account.

    When I had my US corp I set up an account with Barclays in Isle of Man and then was told in no uncertain terms that if they did not close it the IRS would give them hell.

    The IRS has more power than god (not use of little g) or at least it thinks it does the advantage of Offshore is slowly going down the tubes.

    Many Americans working offshore Saudi and the like have been prosecuted for failing to declare income to the IRS when they come back Stateside (nice welcome home gift!)

    I was an expert in this area for many years but it's now virtually worthless for US citizens at least and most other countries followed suit after 9-11 making most offshore havens less effective.

    If the Swiss are letting on it is only a matter of time for others to follow consider reducing taxes with offshore but not hiding identity or face the consequences.

    Using US corps to spread costs and profits is still effective to a lesser extent but the terrorists fuc*ed up most of the loop holes.
     
  10. NeoAkira

    NeoAkira Newbie

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    I think this was not a good idea from the beginning... Offshore Account is ok. but never ever for an Onshore Company or Private Person. Always use an Offshore Entity to hold the Account(s).

    The IRS has much Power but if you use your brain or an good Offshore-Company Law-Firm there are still good possibilities do go Offshore and stay legal. But it is not available for a few bucks.

    They should know it better. US-Citizen are taxable with their worldwide Income.

    It become more difficult, thats true. But if you earn a certain amount of Money it is still worth looking for some kind of Offshore-Structures to avoid tax not to evade Tax.

    The swiss UBS only let on because one of there Managers was arrested when he was in USA. This was realy a terrible mistake from them. But Swiss is not the only Country for good Banking. There is also Panama, Hongkong, Singapur and some Caribean Countrys still open for Offshore-Business.

    Yep, since 9-11 many things changed...especially in US. And opening Bank-Accounts become more difficult in most jurisdictions. But it is still possible... the key is to operate completely offshore...also with your main company.
     
  11. twinglet

    twinglet Newbie

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    good infos, i once read a book called money of doom, but this seems way more detailed.