GoFuckYourself.com - Adult Webmaster Forum - View Single Post - For those of you thinking of taking your money " OFF SHORE "

pornguy · 09-17-2007, 08:15 AM

[ rant ]

Off Shore- 3. a relative term generally applied to low tax jurisdictions on "off-shore" islands - hence the association with the physical meaning. Many of these islands encourage the formation of letterbox companies, which are used to conceal the beneficiary owner for various purposes (hiding and laundering narcodollars or the proceeds from other illicit activities, parking funds in rapidly depreciating currencies, hiding assets in divorce proceedings etc.)

Note: Not all offshore financial centres are in a geographical respect offshore as the term would suggest, e.g. Dublin, Delaware (USA), Panama or Switzerland.

The bold part means that taking the money OUTSIDE of your home country, is in effect taking it " Off Shore ". You do NOT have to use a bank on one of the islands to be " Off Shore " You are just removing the money from your home country to avoid taxes or what ever.

[ / rant ]

09-17-2007, 08:15 AM
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	For those of you thinking of taking your money " OFF SHORE " [ rant ] Off Shore- 3. a relative term generally applied to low tax jurisdictions on "off-shore" islands - hence the association with the physical meaning. Many of these islands encourage the formation of letterbox companies, which are used to conceal the beneficiary owner for various purposes (hiding and laundering narcodollars or the proceeds from other illicit activities, parking funds in rapidly depreciating currencies, hiding assets in divorce proceedings etc.) Note: Not all offshore financial centres are in a geographical respect offshore as the term would suggest, e.g. Dublin, Delaware (USA), Panama or Switzerland. The bold part means that taking the money OUTSIDE of your home country, is in effect taking it " Off Shore ". You do NOT have to use a bank on one of the islands to be " Off Shore " You are just removing the money from your home country to avoid taxes or what ever. [ / rant ] __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!