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Originally Posted by faxxaff
Offshore companies were never designed to be used as coverup. Of course you can create multiple entities in different jurisdictions where that is legal and have them manage and hold shares in your prime offshore company ... or you can hire people to work for you. Then it's legal .... just look at Apple, eBay, Deutsche Bank, .... Really, it comes down to the numbers. Offshore won't help unless you make more than middle six digits. Otherwise costs and fees will eat up profits just like taxman does.
BTW: people don't need to live in one and the same place all the time. They can move around and travel without having a (tax) residence. That's perfectly legal as long as you bank in a liberal country, i.e. USA or Mexico.
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Yes, of course you can travel. But in most cases the issue is not the traveling, it is the opposite, unless you mean traveling to your home country and still being taxed in some other country. I am sure that US and Mexico want to tax their people in US or Mexico. You don't have to be very liberal to tax people.
For whatever off-shore companies were designed for, those are used extensively for coverup.