Quote:
Originally posted by Soul_Rebel
Someone is not gonna spend $20k-30k to have his info revealed to IRS with the most obvious way! The ones behind an offshore company can keep their anonymity in most of the cases. The company can operate like any other company and move million of dollars. Wires and Cheques do not arrive/sent in your name of course. Neither your name will available to anyone. Exists only on the official establishment paper of the company and the access to it is prohibited. This way your anonymity is kept. Most of the countries where an offshore co. can operate will reveal these info after decision of their law authorities in major cases of fraud, drug dealing etc. Things in H.Kong are way harder since Chinese do not give any info in American authorities. There are several cases even in our industry that the fact the offshore co. was located in H.Kong resulted in avoidance of legal issues of the owners. Bottom line, the ones that make major $ in any industry can have their own way to avoid paying a high % of the taxes independent where they live. This has been happening for many decades and will remain as it is. Some of the ones that bitch about such tax issues belong to the ones that do not pay taxes in their country. Hypocritism exists in every business and in this industry should be considered a typical characteristic.
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