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You guys aren't even worth talking to about this. Everyone knows it isn't legal, that's the entire point. And you do pay taxes on the purchase, you don't pay tax on the money it ads to your possible income.
And you shouldn't have to pay taxes on it.. Since the entire tax code says corporations have to pay taxes with the US corporation, and the last time I checked, my ass wasn't a corporation, and you can't find anywhere that it says a human has to pay taxes.
The person with that card doesn't own the company, the card is simply issued to them. I can have a credit card for 100 different companies and I don't have to report crap.
Anyway, it's pointless to talk to you people. This entire thread is about off shore and paying less taxes.. It's not 'clean and cut' like YOU think.. Their are 100's of options, including foundations.
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