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Indian IM (total tax avoidance strategy) ?

Discussion in 'Business & Tax Advice' started by Rock_Shock, Oct 8, 2016.

  1. Rock_Shock

    Rock_Shock Power Member

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    If you are into IM and form India.. does this sound like a good idea.. please pitch in if anyone has advise. It will probably apply to 1 Million + per year range better then the rest. Less than that it may be possible but not so viable
    - Lose Indian citizenship
    - Buy citizenship in tax haven(s)...i.e. multiple
    - Set up corporations there and repatriate profits to India
    - Live in India on POI (Person of Indian origin) card.. in this card which has become defacto life long visa, a person can live in India forever but can't vote or stand in elections and can't buy agricultural land. Rest all is 100% same as citizen.

    What are your thoughts ? Pitch in..
     
  2. redarrow

    redarrow Elite Member

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    why bother when you can be a ghost and do everything off sure services including banks and credit cards.

    i think it all a bad idea to skip any tax sorry.
     
  3. Rock_Shock

    Rock_Shock Power Member

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    What is Off sure ? I guess that means offshore ? Not trying to nit pick.. but i just don't understand that phrase..

    No It's not a bad idea to skip tax.. Google, Amazon, Apple pay less than 0.5%.. search it.. it's called the double dutch..anyways..your wish..

    If someone has productive advise please pitch in..