Quote:
Originally posted by Giorgio_Xo
Avoidence is legal.
If you have an offshore company making offshore revenue and you have no immediate plans of repatriation of assets then the IRS can't do squat. The IRS in international matters has almost no power to enforce local laws so they push the idea on the news that hey can to scare people.
You have no requirement to pay taxes to one jurisdiction from profits made in another. U.S. Oil companies funnel billions of dollars every year into offshore corporations because they have no plans of bringing the money back to the U.S. This is legal.
It is in the IRS interest to gather as much revenue as possible whether they have a right to it or not.
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well, until my overpriced accountant changes his mind on the subject and tells me it's a good idea, I won't be screwing around with the IRS. Fucking with the Mob would be less dangerous.