Quote:
Originally Posted by BusterPorn
Open an offshore company, then open a bank acct for the company and get an ATM card for that company's bank acct.
|
Not a good idea for US folks BP. Cards which may be issued in a corp name normally also have the name of the authorized user of that card. All card transactions coming from known offshore locations to the US are monitored - no doubts whatsoever on that from personal experience (only difference was I was not subject to US tax laws and refused to discuss anything - it's not their biz and was not accountable to them.)
IRS know all the usual OS banks already and have successfully pressured VISA for US cardholder data, tho this was limited to the information VISA happened to have, but they have prosecuted a number of folks for whatever the offenses are.
The only 100% legitimate way to not be liable for taxation is reside in a no-tax area - then you can do whatever and not even get a tax form. (Does not apply to US folks - they need to give up US citizenship, but applies to almost evey other country on the planet.)