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What should i do with IM earnings?

Discussion in 'Business & Tax Advice' started by Desert90, Oct 6, 2012.

  1. Desert90

    Desert90 Jr. VIP Jr. VIP

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    Hey guys,

    i live in germany and i will run monday a business for selling on ebay, this costs 20?.
    so everything will be legal with taxes and so on.

    but what should i do with IM earnings like CPA, PPD adsense and so on?
    i honestly dont want to give my earnings out. how can i get them anonymously?
    i can withdraw at adsense only to my bank account. are there something like anonym banks?
     
  2. sasuke120

    sasuke120 Regular Member

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    First earn something before trying to get "schwarzgeld" ;). The limit in germany is like ~7000€ after that you have to pay taxes and declare your business .Btw i am from germany too.
     
  3. solutionz

    solutionz Newbie

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    Yeah first earn then go for the rest.
     
  4. Italian Hawk

    Italian Hawk Power Member

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    Bitcoins are untraceable. I'm not sure how you're going to acquire bitcoins with the proposed systems due to the restrictions put on services like Paypal and Payza requiring tax filing on your account activity if you reach certain thresh holds which were at one point 200 transactions and $20,000 moving from an account. May have decreased though and may or may not be unique to the United States.
     
  5. Parkway

    Parkway Newbie

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    Bitcoins, liberty reserve etc there are a lot of different ways you can get it out
     
  6. Legend83

    Legend83 Newbie

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    swiss numbered account with a atm card. get your earnings paid to that and lift the cash from the hole in the wall in your hometown. simples
     
  7. fukien

    fukien Junior Member

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    i dont know how it works in other contry but since a big scandal this summer canada and usa now have acces to any swiss bank acount holder information that they want , numbered acount are "safe" in the way that no one within a transaction (deposit/transfer/withdraw) will ask for your name but the acount itself is still on your own name ..so if taxes or your ex wife (lol) suspect you to hide money they can dig out and find your dirty litle secret , there is lot of misconception and rumour about swiss bank..
    Source : i used to be a private investigator and have face this situation many times (infidelity , divorce ..money hiding ..criminal activity ect) ..i also try to hide my money myself...LOL

    fukien
     
  8. closedCaption

    closedCaption Regular Member

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    If you are doing good, open yourself a company in another jurisdiction like Singapore with bank account. Then use ATM from that bank to withdraw money.
     
  9. unclemike

    unclemike BANNED BANNED

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    If I was you I would concentrate on earning more money first.
     
  10. GutierresSEO

    GutierresSEO Registered Member

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    Simples or Simple. Because "simples" is Portuguese for simple, and if you are Portuguese having a Swiss bank account is not simple at all, at least since last July or June. You have to have a clean record regarding tax evasion, and you have to declare any newly opened account. The best part, at least for the government, is that if they suspect you are earning money through your Swiss bank account they can ask the Swiss authorities or the banks for all your account records. Safe havens are getting harder and harder to find!

    But I agree with the OP, one should ask himself where to put the money before start earning. You should have a plan, or at least an idea about what are you going to do with it, but then again he's German right? :D And those guys have to plan everything in advance, that's why they're good at almost everything they do!
     
  11. GutierresSEO

    GutierresSEO Registered Member

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    So Sasuke120 and Desert90, you are Germans...
    And you are here asking for advice on how to evade taxes?

    And me thinking only Greek, Portuguese, Spanish and Italian people liked to evade taxes... You f**** hypocrites!!:D lol

    Cheers :drinking2 guys, I see you have a lot to learn from South Europe, or as some like to call us The PIGS! :cool:
     
  12. Valefor

    Valefor BANNED BANNED

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    franchise dude :) if possible invest your online earnings to offline earnings
     
  13. Desertfox

    Desertfox Regular Member

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    And how do you manage to do that? :)