Place to keep/stored money to avoid tax

PinguSpy

PinguSpy

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What are the best places for me to keep the money other than paypal or bitcoin, because i want to avoid tax in my local country.

Every year the gov audit my company account and paypal.

Unless i stored it in bitcoin. but i don't like bitcoin because the price is unstable.

Thanks
 
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Edit: based on your reply , go ahead and run away from taxes .....
 
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Invest in gold and silver?
 
trustedfire9 said:
The tax used to build schools and hospitals in your country , protecting your society .........
just my opinion ....
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In many countries corruption is very high. Most of the money paid in tax is not going back to the countries development but instead into the pockets of a few families. I understand when people try to avoid financing these in some countries.
 
MonsterMag said:
In many countries corruption is very high. Most of the money paid in tax is not going back to the countries development but instead into the pockets of a few families. I understand when people try to avoid financing these in some countries.
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You are talking about third world countries , and i agree with you since I'm from third world country , i run away from taxes here also for this reason ..., I'm talking in general , and thought OP from tier 1 country ..........
 
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The problem is, if you hide the money in this way then its difficult to spend right? If and when you eventually spend it, its gonna create questions.

So I agree with @BassTrackerBoats that the only safe way is to keep it in cash.

Or the alternative is that you invest in a good accountant and you end up paying a fraction of the TAX you were paying previously.
 
Pingu, I think you are from Msia, am I right? Set up offshore company, and then declare your income from the offshore company as dividend. There are some tricks involved using this technique, but you can try look at how big company (or some of our corrupted got officer) are using offshore company to avoid tax.

As far as I'm concerned, dividend is non-taxable income. Correct me if I'm wrong.
 
I have $xxx,xxx.xx.

If i transfer the money to my company account, the gov will eat 20%. Then, from my company account, I transfer the money to my personal account, the gov will eat another 25%. (total 45%). Yuks!

The money I still need to use, to funding my other project and other investment. But not now. Since 2016 are almost finish, so i'm kinda desperate.
Because un-use money, the gov gonna eat it. Unless I spend it for my another project and company investment, and left peanut inside the account.
 
PinguSpy said:
I have $xxx,xxx.xx.

If i transfer the money to my company account, the gov will eat 20%. Then, from my company account, I transfer the money to my personal account, the gov will eat another 25%. (total 45%). Yuks!

The money I still need to use, to funding my other project and other investment. But not now. Since 2016 are almost finish, so i'm kinda desperate.
Because un-use money, the gov gonna eat it. Unless I spend it for my another project and company investment, and left peanut inside the account.
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Salaries and expenses can't be deducted from a company's income there?
 
yeah it is sickening to know that the majority of your taxes are going straight to the pocket of corrupt officials. maybe you should consider buying a fire proof and water proof safe to store your money.
 
I need the place that i can stored the money (with no risk), and can be use at anytime (easy liquidity), because i need to pay to my freelancer from various of website like upwork etc.
 
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