Quote:
Originally Posted by ravo
Not really. As soon as you bring the money back into your own country, it's taxable.
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It's often taxable even before that, bringing the money to home just makes it easier for the law enforcement to bust some ass. Bottom line is that you really can't avoid taxes legally. It's possible to reduce paid taxes, but not to avoid.
However good use for offshore company is to use it as a investment company. The deal is that you can invest untaxed or lightly taxed money aka getting more interest. And then take some profits out and pay taxes from those as it's supposed to do. Everything is legal and you get more money. Although offshore company doesn't guarantee that your home country cannot tax you for the income your company gets, it depends.