If you leave the states, please make sure you denounce your american citizenship.. or they can still get you
Costa rica? bah goto Cabo San lucas mexico
mil bucks can build you a 10k sq ft house and buy you the land for it in the pedregal in cabo san lucas i got a buddy who's building a 10k, 2k and 8k sq ft house for rentals down there.
i've been telling people to move their shit for years. just for the peace of mind. i'd go costa rica though.
That wont do nuttin bro..
if you are still a citizen you are still liable.. and you are even more of a target if you go offshore.. It makes people think you are hiding something. best way is to face the music.
duke
The biz needed a good shakeout anyway. It's gotten way too crowded with people that think providing adult entertainment is some kind of game where you can just do anything you want.
You don't just renounce American citizenship at the drop of a hat. For the first ten years after you repatriate, you can still be held liable for US income taxes... and if you don't pay them, you can be arrested and charged for willful tax evasion...
It's very much a catch-22 -- people who leave the country because they are running businesses that aren't considered legal here -- poker, gaming, sportsbooks, etc -- don't generally pay taxes to the US on their so-called ill gotten gains since it would be an admission (unless very carefully structured) of their guilt by having this income. They would also be in a bad spot when they were called in for an audit since they can't come into the states without being arrested.
After years of non-payment of taxes for income like this, the amounts owed, including interest and penalties, is a huge chunk of change for even the most successful person (especially when parting with the money, regardless of your saving habits) and I don't think you'll see anyone stepping up to pay all their back taxes on their so-called illegal income.
Thus you really do become guilty of breaking a law whether you intended to or not.
There is a time to do things SG, but not sure that is necessarily right now. If it starts messing with stuff which is fundamental to earning capacity - then maybe worth considering, - it is a major decision and some hassle.
The *only* way to dump it is not fall under US legislation. If a webmaster is a US citizen, the first stage of not being in a position where US law applies, is changing citizenship. Until that is done, irrespective where they live - they are still subject to US laws - and will be chased the world over for not only any possible offenses, but also taxation. Once "outside" - it's a totally different story and little problems - there are no other countries (least in the western world) that has the current degree of adult-related legal obligations. Most have their own laws where it is up to law enforcement to prove in a court either guilt or innocence and no need for "record-keeping".
It's sure not a good environment, especially right now for "adult", but there is still time to see what courts decide on this stuff in real life.
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