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Old 07-04-2004, 04:51 PM  
Webby
Too lazy to set a custom title
 
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
erehwon:

Quote:
I love dumb people...
I think the point is.. you still have to account for yourself to the US and pay "whatever" is due in taxes. When you complete the tax docs, it's going to be hard not to "declare" interests in other stuff such as "offshore" activities and means you would be committing an offence.

It also defeats the purpose of "offshore" since *no* person or government has the "need to know" and it is usually a criminal offense for any lawyer/bank etc to divulge *any* information concerning offshore companies.

If you simply want to live abroad and benefit from around 80K in taxes - no problem!
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