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Tax haven advice

Discussion in 'Business & Tax Advice' started by momschips, Jan 18, 2012.

  1. momschips

    momschips Registered Member

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    What are the best tax haven countries and if u got a chance to mention popular bank in the country with total bank anonymity
     
  2. MrBlue

    MrBlue Senior Member

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    After 9/11 true anonymous tax havens have been slowly disappearing. Many countries that were once great places to shelter income have begun signing tax treaties with the US, UK etc... You need to research which countries have signed or are in the process of negotiating a tax treaty with your own country of residence.
     
  3. ADHD-Dude

    ADHD-Dude Power Member

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    Since USA fucked the bank anonymity you aren't safe in most country's, you can try Japaneses banks I heard that they offer privacy (mafia). But you could go for a The Double Irish and Dutch Sandwich if you have large amounts of money
     
  4. beakon

    beakon Regular Member

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    You're better off just saying FUCK YOU government and leave to a tropical island. 100s of thousands of millionaires flee North America every year for this exact reason.
     
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  5. teeniegenie

    teeniegenie Supreme Member

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  6. jonnyquest

    jonnyquest Regular Member

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    How cash are we talking about here in rough numbers?

    JQ
     
  7. teeniegenie

    teeniegenie Supreme Member

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  8. derajc

    derajc Registered Member

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    Tax havens do exist. But only for the elite rich/connected. If any of us Joe Blows tried it, the Feds would nail us.

    Here's a story from just today on Romney's 15% tax rate made possible by accounts in the Cayman Islands

    abcnewsDOTgoDOTcom/Blotter/romney-parks-millions-offshore-tax-haven/story?id=15378566#.Txdqxm_2Z2B
     
  9. blackjp

    blackjp Newbie

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    Japanese bank is safe?no no no
    they are just dog
     
  10. blackjp

    blackjp Newbie

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    oh if you are american,you may guard your money in Japanese bank because Japanese is slave for american.
     
  11. Lebron2727

    Lebron2727 Junior Member

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    uncle sam is a dick when it comes to tax

    i am happy not to have an american pasport
     
  12. Enigma32

    Enigma32 Jr. VIP Jr. VIP Premium Member

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    Guys, hiding the money from the government and using a tax haven are two very different things. If his company is based in another country which has lenient tax laws (ie no tax) he doesn't have to pay tax on it. That is, until he brings it back into his country to pay himself and spend it.

    Cayman islands, panama still works for sheltering. For hiding, not sure.. the swiss banks are out these days.
     
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  13. ecash

    ecash Newbie

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    Hong Kong company with HSBC multi currency account... anonymous is possible for a price !
     
  14. Roparadise

    Roparadise BANNED BANNED

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    Is buying propetry in the name of the foreign company,exempted from paying a extra tax. Like if I bought a apartment complex for $1 million using an offshore account. Will I have to pay $350,000 in tax for doing so?

    I know that to setup offshore bank accounts and companies its just the paperwork you need to file, you don't need to be mega rich or connected to someone. As long as you dont hide the money the IRS can't do anything at all.
     
  15. joshweaver9

    joshweaver9 Senior Member

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    Last time I looked at this topic there are 9 countries that don't charge an income tax. I dont remember what they are at this point though.

    Sent from my SPH-D710 using Tapatalk
     
  16. infoasian

    infoasian Supreme Member

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  17. truthordesire

    truthordesire Registered Member

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    If you set up a company in Panama, no records need to be kept of who actually owns the company and in most cases bearer shares are issued - who ever physically holds the share certificates owns the company.

    For tax reasons, the channel islands have a 0% tax rate for companies.
     
  18. Roparadise

    Roparadise BANNED BANNED

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    Just because a company is registered in the channel islands,doesn't mean your exempt from U.S. taxes. If the management is located in the United States for tax purposes its considered a U.S. based company.
     
  19. lsmstd

    lsmstd Regular Member

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    " [SIZE=+1]The U.S. taxes it's citizens on their worldwide income.[/SIZE] You can leave the U.S. and reside in England, France, Canada or any other country for twenty or more years and you will still owe U.S. income taxes on all your earned income and investment income - unless some of that income is specifically exempted from tax. There is an exemption for up to $80,000 a year (for 2002) of income earned outside the U.S., if you don't live in the U.S. for 330 days out of any consecutive 12 months. But there is no exemption from tax for any investment income from assets held in a tax haven of any kind."

     
  20. truthordesire

    truthordesire Registered Member

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    Even if you employ a channel islands management company to run your company, you will still pay tax to the US government with the new laws coming into play.
     
    Last edited: Apr 2, 2012