Quote:
Originally Posted by Jayson
Offshore structuring when done right is not about not paying tax.
It’s about DEFERING & MINIMISING the tax, legally.
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Yeah?
Nope - it's about not paying any tax legally. It's also about not being burdened with tax forms of any kind.
Seriously, not a bad writeup and many good points. The aura I'm getting from your post is that of a onshore legal advisor playing games and covering his ass.
The subject of this thread relates to "going offshore". Going offshore has nothing to do with sitting on your ass in an onshore country and playing games with corporate structures offshore.
Going offshore means getting on an aircraft and moving to (usually) better climates and, ideally, not paying *any* taxes and not having to account to the govt of that jurisdiction for any financial activity in a corp business.
Structures can still be relevant even under these situations and where you may wish a presence elsewhere for whatever reason.
But... just trust me
- it has very little to do with deferring or minimizing taxes - there are no taxes
