Quote:
Originally Posted by Jayson
Sure, but not for a US citizen, unless they want to give up their passport and renounce their citizenship. Alot easier from other countries, I myself dont live in my home country and have residency rights in more than one other country which makes my situation very fortunate and easy to do what you have suggested - pay no taxes (or no more than you choose to for other reasons).
That is very different to most of the people on this board who live full time in one country, or are US citizens. Off shore, or companies outside their home country can still be very beneficial.
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Sure.. hear you Jayson
Personally, it is a lot easier actually having residency elsewhere as you say and electing to do what you want
The comment was never intended to apply to US people - and have never become involved with any OS stuff with US folks simply because there are too many problems.
The rest of the world (almost) is fine and agree - there is a valid use for whatever structures depending on circumstances and tax legislation within "home countries".
Unfortunately there are a fair number of people who are only interested in tax evasion and usually along the lines of OS accounts and plastic cards at ATM's - This is kinda amateur stuff and boring
Agree, there are a lot of other possibilities - even other than taxation - where foreign corps can have a use and all depends on how they can be applied to whatever circumstances.
When you consider that "webmastering" and other support type services can be mobile, it is surprising that there are not more people taking advantage of that. Tho - a good few are, and have been operating physically offshore for a number of years now.