Winner2012
Newbie
- Dec 20, 2011
- 36
- 5
Forums / Resources you'd like to share? I'm newbie to this, not to making money, just to offshore banking ;-)
Offshore Banking
- Thread starter Winner2012
- Start date
Roparadise
BANNED
- May 25, 2011
- 784
- 1,422
From what I've heard, nearly all countries that provided offshore services are still reporting to the IRS. The IRS has closed a lot of the loopholes.
I don't do any offshore banking, I just pay my taxes and move on.
Thats why you have to put the assets under the control of a foreign company with a nominee ceo,that you can trust.
BHopkins
Elite Member
- Dec 31, 2010
- 2,609
- 1,753
You obviously know more about it than I do. I'd rather pay my 25+% than trust someone with 100%.
UnsignedChar
Newbie
- Dec 18, 2011
- 5
- 0
Of course that's the way to stay in the game in the long-run!
I do it the same way, so no need for off-shore stuff :beer:
Winner2012
Newbie
- Dec 20, 2011
- 36
- 5
bump!
hustleharderrrr
Junior Member
- Jan 2, 2012
- 109
- 33
Talkgold is not bad. After all I use Webmoney with a Debitcard. They are so many exchanger out there, you can buy anything with it.
bookbuster
Newbie
- Mar 22, 2009
- 42
- 10
Google "sovereign man" you can get a free daily newsletter that will probably touch upon offshore banking about once a week. What others have said are right, banking loopholes have been closed and the offshore banking community is more about openness and compliance then it is about tax avoidance.
I am a member of the paid forum, and if you are serious about this, its really the only way to go. You get what you pay for, I guess (its 300+/yr). One part of their members only message boards is dedicated to offshorebanking. You can ask any question you want and you will get a detailed answer.
I am a member of the paid forum, and if you are serious about this, its really the only way to go. You get what you pay for, I guess (its 300+/yr). One part of their members only message boards is dedicated to offshorebanking. You can ask any question you want and you will get a detailed answer.
jazzc
Elite Member
- Jan 27, 2009
- 2,964
- 14,717
fun4uoc
Supreme Member
- Dec 25, 2007
- 1,205
- 1,049
I'm the same way, it's really just not worth losing sleep over.
I'm going to have to right a pretty fat 5 figure check to the irs pretty shortly, and as much as it kills me, I'd rather do that than risk losing my freedom.
Winner2012
Newbie
- Dec 20, 2011
- 36
- 5
I'm already getting this newsletter but is it really worthy $350 per year to be a member?
bookbuster
Newbie
- Mar 22, 2009
- 42
- 10
I think it is if you were going to open an offshore bank account or obtain a 2nd (or third passport).
If you are not ready to take action, like tomorrow, then it is probably not. The reason I think it is valuable is because you can spend a lot of money opening and offshore account in a certain country and you don't want to find out later the limitations to that country, etc...
Having said that, I had a financial downturn myself, and it is difficult to apply any of the information w/o a good amount of money or assets.
I don't log in all that much currently.
If you are not ready to take action, like tomorrow, then it is probably not. The reason I think it is valuable is because you can spend a lot of money opening and offshore account in a certain country and you don't want to find out later the limitations to that country, etc...
Having said that, I had a financial downturn myself, and it is difficult to apply any of the information w/o a good amount of money or assets.
I don't log in all that much currently.
navimeister
Regular Member
- Feb 18, 2010
- 357
- 101
Depends on your location. If you are from the US you will have a hard time and a high risk of being busted. In my country it is totally legal to have a company at an offshore location.
Dan Da Man
Elite Member
- May 31, 2011
- 1,851
- 939
Interesting. Anyone else done this?
jazzc
Elite Member
- Jan 27, 2009
- 2,964
- 14,717
You mean any one else not doing this
http://thehill.com/blogs/on-the-mon...port-corporations-pay-low-effective-tax-rates
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Winner2012
Newbie
- Dec 20, 2011
- 36
- 5
I'm not from the US, I'm from south east Europe and I'm making 5 figures a month so it's time to setup something offshore. I don't wanna raise eyebrows in my banks with weird deposits coming from abroad