Quote:
Originally Posted by Kimmykim
Back away from the crack pipe, pal. US citizens are required under US tax code to report and pay taxes on all the income they earn. The only exception is a US resident LIVING in a foreign country with a tax treaty and paying the equivalent in taxes to that country.
Obviously your grasp of tax law in the US ranks right up there with your grammar.
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You stupid idiot! Corporate tax is not personal income. Having a company offshore means CORPORATION!
Since you will only be the owner and have nominee directors, the corporate tax is not payable to any country.
Taxes MUST be paid of all personal deduction, but having the money sitting in an offshore company is NOT illegal because of the international tax laws. You can have a billion dollars in your account, and it will not be taxable because ITS NOT PERSONAL! Please understand something before you talk.