TheoreticallyBr
Regular Member
- Nov 28, 2021
- 310
- 175
sorry I Was just trying to be a smart ass
HOW CAN I AVOID PAYINGTAX?
- Thread starter sonprofesor
- Start date
advhero
Junior Member
- Jul 1, 2021
- 110
- 39
Assuming your music company is an legitimate business, they won't help you with not paying taxes since they aren't planning on evading it and getting in trouble. Therefore, they will report any and all actual payments to any required government and make any deductions required beforehand. Since they report your income already, there will be an obvious record of with the government to trace for any tax requirements. If you are seriously thinking of avoiding the income tax even with the record of the payment being so obvious, I would guess that you need to set up a dummy business and have that be where the earnings actually get paid to. Then you need to make sure that your association with the business can't be easily traced which means possibly having to had made the setup via another dummy business(off shore) or third party. The cost of all these including hiring shady CPAs to guide you through any legal tax loopholes along the process would cost more than what you earn probably.
Basically, don't bother trying to evade income tax on proper income submitted by legitimate businesses that file taxes. Since they already report everything on that particular revenue stream. You can't evade it if it's already on file.
Basically, don't bother trying to evade income tax on proper income submitted by legitimate businesses that file taxes. Since they already report everything on that particular revenue stream. You can't evade it if it's already on file.
sonprofesor
Newbie
- Jun 18, 2021
- 7
- 7
Details like this are very important to me. I'm going on a world tour soon, and since I'll be on the road for years, I have to find a way to avoid paying taxes. I think I should open a company in a country like portugal or romania and move on.
There must be such roads for someone who travels constantly, right?
Also, the music company/distributor I get paid the most is dystrokid. and I've been getting paid for about 2 years, still no one knocked on my door, I think tax affairs in Turkey are just getting started on this issue.
moonshine7000
Elite Member
- Mar 4, 2013
- 4,356
- 4,006
Even if you set up company offshore you still have to pay taxes on a personal level because you live in Turkey.There is something called controlled foreign company rules.
sonprofesor
Newbie
- Jun 18, 2021
- 7
- 7
By the way, maybe 1800-2000 dollars may seem small to you, I don't know, or I may be stingy in your eyes, but the music companies I work with get a 15% share. In total, 30% is deducted from my earnings. This is equivalent to 2 months' salary of an average person in Turkey.
and I am also preparing to travel the world, so please excuse me for worrying about every dollar out of my pocket, I won't be going back to this country for years anyway.
and I am also preparing to travel the world, so please excuse me for worrying about every dollar out of my pocket, I won't be going back to this country for years anyway.
moonshine7000
Elite Member
- Mar 4, 2013
- 4,356
- 4,006
If Turkey find out what you are doing Turkey can extradite you back.
advhero
Junior Member
- Jul 1, 2021
- 110
- 39
The tax havens and "tax evasions" you usually see in the news or hear about are usually for money they earned not from a job that is easy to track but from other sources. For those people the big portion of their income isn't from the direct salary but from all the extra bonuses which are harder to track and report. Also, maintaining such setup requires thousands per month in USD at a minimum, some times tens of thousands. It isn't about how cost of living is cheaper where you are so the same amount gets you more, it's simply the price of running these things on an international level.