Quote:
Originally posted by bhutocracy
actually.. ANY money that comes into the country is taxable, it doesn't matter WHERE you've earnt it.. the tax department knows whats getting deposited in your bank account.. and if you're ever audited the old credit card linked to an offshore account won't save you unless you've only bought take away dinners and toilet paper because things won't add up.
It actually costs quite a bit to 100% legally bring your money in without paying tax.. you'll end up paying 10k or more in accountants fees to do it too. (Well thats around what my accountant quoted, im sure you can find a shonky guy for far cheaper.. but these guys are blue chip corporate...)
|
Not quite any money coming into the country is taxable, there is quite a few exceptions but generally yes.
But the overseas credit card will help alot, you can get them unnamed, overseas companies can have bearer certificates so there is no traceable shareholders etc. The tax office cant get their hands on your overseas cc statements so therefore cant really do much about it particularly if they are not in your name.
Anyway, it costs a bit to set up - 10K is probably a good estimate but then its a bit less each year to run.
Again, not that I actually know any of this, but it what I have heard.
Jayson