Money Making & TAX [avoid it]

what about harbouring x amount in cheques etc. Sort of legit. I mean my bartender mates make a lot but don't declare it.

googlemonster said:

maybe should do what zen does and just float

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Different country every few months - opt out of the 'system' - rarely see rain.

The thing that stops people being permanently on vacation is they have to goto offices and wear suits to be able to survive. IM lets you bypass that slow dragging death.

Live your life, it has all kinds of benefits other than just being tax free.

Just buy gold bars with your paypal account, and put them in your basement. And you will be all fine

wokaka said:

As for moving to South america and the other countries, I think you will need even more investment and legal things will be a bit harder to find. singapore is a nice option as they are very open about this kind of information. You don't need to find 3rd party or whatever. Whereas places like bahama or panama etc. seem risky to me. Of course you can explore these places when you are already very rich

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lol I assume you've never been to Uruguay or Chile then.
1) It's honestly like America, or better? you have to deal with planchas the way you have to deal with minorities here i guess.
2) They don't tax foreign income the same (or really business income at all)
3) The $ goes so far there it's easy to live WELL off $5000/yr (and the women are insanely beautiful). Though this is slowly changing, you can still buy great apartments overlooking the sea in the ritsy side of montevideo for <$90k, $60k if you don't care about oceans
4) Every guy there is like 5' 5" tall and scrawny... making my 6' 7", Ivy educatedness extremely lucrative in general.

Those two countries in SA >>> Singapore >>>>>>>>>>>>>>>>>>>>> USA

Granted there are better countries in the world than Uruguay or Chile of course... much better ones.

This is an interesting read...

Edit:Question deleted

Funny and great comments I read
I just wonder, how many % of those people who told the options, have actually tried it, or doing it.

So you earn money and the send it to a Croatian company owned by you. But how can you get money from this company without paying taxes.

To get his money and bring it back to his country to pay the living expenses he have to pay dividend in Croatia (probably 20%) and he still probably has to pay the dividend back in Belgium, unless there is double taxation avoidance between these 2 countries.

So is there better but legal way to bring the money back?

IS there way to setup a company in his country, that pays living expense of his, and pump all profit to Croatia. This way he could have means to live,and no taxes to pay. But stil he could buy a house on Adriatic?

Expertpeon said:

Go to Croatia, open account, set up dummy company there (file the paperwork from Belgium)
Send money to bank account from Belgium as marketing/expenses investment etc
There you go...

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Expertpeon said:

Go to Croatia, open account, set up dummy company there (file the paperwork from Belgium)
Send money to bank account from Belgium as marketing/expenses investment etc
There you go...

Here's an example of how Walmart turns 7.8 billion profit/yr into 7.8 billion in expenses.
Walmart sets up trust subsidiary
Subsidiary is managed by 3rd party subsidiary (all of course walmart owns majority shares in)
Trust owns and purchases all assets (wal-mart stores)
Walmart then pays rent to subsidiary on stores to "rent them" from subsidiary.

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lmao on all the terrible tax advice in this thread.