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Old 07-21-2007, 12:23 AM  
TheDoc
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Join Date: Jul 2001
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As an American, if I open a company in another country.. that company is taxed based on that countries tax laws. If I pay myself, then that money is part of my personal world wide income and is taxed.

I lived in Canada, I paid Canadian taxes and not American because Canadian tax is higher. If I lived in a country that had lower tax, I would have to pay the difference to the American Gov on the money I personally earned.

To bring money in, is were alarms are set off. The visa cards often aren't in your personal name, which is why it works as long as you don't go stupid.

2257, is a hitch.. If you own, even lets say .1% of a company that is adult but you are American, are you responsible? When do you become responsible? If you get a paycheck or a dividend?

And to end it all.. Isn't the proper way to do this to open a foundation, transfer the money to gold, move it to the foundation, convert it back and pay your self tax free?... Some shit like that.
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