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How to tax spam money?

Discussion in 'Business & Tax Advice' started by Mehiiiiii, Feb 19, 2017.

  1. Mehiiiiii

    Mehiiiiii Newbie

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    Let's say that I earned a shit ton (million range) from spamming and just pure blackhat shit.

    Then say I live in a small country where I will be #1 on the yearly tax top statistics which is published in the newspaper. As my country is small this means people will start talking about my company and being interested in why it went from shit earnings to million earnings so quickly. People will start to investigate and shortly after the government might want me to show exact proofs of how I earned my money.

    Is that how it goes? I'm in EU.
     
    Last edited: Feb 19, 2017
  2. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Just move to another country that respects your privacy and isn't looking to get you killed by a bunch of jealous people.
     
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  3. bossofthebosses

    bossofthebosses Jr. VIP Jr. VIP

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    hire a good lawyer, he will tell u or most probably do everything for you for some of that money
     
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  4. Natty

    Natty Jr. VIP Jr. VIP

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    This is easy. Depending on how much you earn you should declare all the earnings as revenue for your business. Then you can move your business offshore (if you wish), and pay yourself a wage which you think you need.
     
  5. Mehiiiiii

    Mehiiiiii Newbie

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    Let's say I live in Finland, Norway or Sweden.

    What if I want to invest $1 M in stocks under my name?
     
  6. goldenkey

    goldenkey Jr. VIP Jr. VIP

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  7. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Since its in the EU, you can move to another country in the EU easily.
     
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  8. norkodeo

    norkodeo Jr. VIP Jr. VIP

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    Well usually money are paid by a companies. SO if affiliate companies pays you for advertising some projects (even you do this with spam or not who cares) - you still get paid from US or Canada companies for doing advertising - so you get these money for advertising so pay taxes for your advertising income as you do, you have bad point of view to things..
     
  9. Mehiiiiii

    Mehiiiiii Newbie

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    Doesn't it raise red flags at the government if a young kid creates a company and shortly after I'm declaring millions to it? Isn't that a reason for them to investigate in exactly how I made this much money at this age?
     
  10. norkodeo

    norkodeo Jr. VIP Jr. VIP

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    First of all what KID? You never mentioned about any kids in the thread. Secondly - if LEGIT GOOD companies pays you so why they need to CARE what you do? If they are legit worldwide companies and pays for thousands affiliates and pays you so you do what you do good - its not your business and you dont need to show your methods, why do you think they care how you do this? They care that yoy pay taxes and if you earn 100 millions and pay half for taxes they really wont ask you how you made this - they are catching guys who not pays taxes not these who pays...
     
  11. MacRichard

    MacRichard Junior Member

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    Are you from Finland?

    I can confirm Finnish people are extremely jealous when it comes to money. The yearly tax records are the news headlines for a week at least.
     
  12. WebzSuite

    WebzSuite Jr. VIP Jr. VIP

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    A million or a two is not that serious kind a money to rise anyone eyebrows... I do not think that there is a such a poor country that you would get to the top 5000 with couple million income. I won't be telling how to 'hide' money as in EU that could end up badly. Talk with an accountant, he will tell you how to manage your cash flow.
     
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  13. AceWallGromit

    AceWallGromit Regular Member

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    If you're name is published and when people learn about your spamming activities your life will be made a living hell by many people like myself who despise and loathe spammers.

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  14. BharaTV

    BharaTV BANNED BANNED

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    scandinavian people are one of the top earners in the eu so i doubt you will be #1
     
  15. silentenigma

    silentenigma Newbie

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    You cleared the most difficult part (making money). I don't see a problem in getting that money to your account. If you're a minor, it's not good I suppose. If you are very,very concerned, you can setup a payment gateway (like Leupay) the difference is that you own the company. 50K deposit in the country you open this and 25K for the whole setup - company registration and rest. It will still be better than paying a lot of tax and you can systematically send money on a monthly basis to your account. You can also offer your payment gateway service to others here in BHW and make money from commission as well.

    This of course under the assumption that you REALLY HAVE millions to spend :D
     
  16. biglia

    biglia Regular Member

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    Are all the activities of your company based on spamming? As you know, spamming is illegal. Making a lot of money (compared to your country standards) won't help you to stay under the radar. Luckily the tax department isn't interested in how you make the money. They only want you to pay enough of taxes. So pay your taxes. They only investigate your activities when someone reports your illegal activities.
     
  17. silentenigma

    silentenigma Newbie

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    As long as you don't run a 'hit site' on dark web, it's not 'ILLEGAL' enough to land you in jail. By hit site, I was referring to the hire a hitman BS on TOR. If you fool one in a lifetime also, it's till a lot of money for nothing I suppose :D
     
  18. Netro

    Netro Junior Member

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    Where in the world you have the money stored since you haven't been caught yet? Assuming you already have the money, just create a company that is "selling a product" trough bitcoin.
     
  19. DaPromo

    DaPromo Junior Member

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    You said "yearly tax top statistics ". This is mostly Scandinavian non-sense from what I have heard.
    Instead relocate residency in Europe because of EU agreements on easier migrations. Low tax countries in Europe such as Andorra, Liechtenstein, UK (non-dom status), Isle of Man, Bulgaria, Gibraltar, San Marino, Italy (territorial taxation), Malta (territorial taxation) .

    Once you have a residency permit in these countries, spend some time there and make sure to call your home country off. Report you have your officialy residency elsewhere. This will get you off these lists beause they are only for residents. You can still spend most of the year in your nordic home country but you will probably be tax liable as per the "183 days per year rule". Since you are on top lists it must mean you make some good cash. You can get a residency outside of Europe too like Thailand (territorial taxation).

    Territorial taxation means you only pay taxes on the money you bring in to the country. So if your work station is Thailand and you make 10,000$ per month but you only bring 2000$ in to Thailand, that means you pay taxes on 2000$ and the rest 8000$ per month is completely tax free.
     
  20. DaPromo

    DaPromo Junior Member

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    You can't speak for world wide with "spamming is illegal". Spam isn't illegal in every country on earth.
    And about the tax authority, they love to dig into peoples finance to find the wrong doings and especially Scandinavia famous for "tax nazis"
     
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