Offshore

[m0rph3us]

Has anybody setup a corporation/holding co. offshore or even moved offshore in order to have less liability and tax benefits ?

Let's hear some stories...

[pimplink]

IRS is cracking down on these tax avoidance schemes. See: http://www.tax-news.com/asp/story/st...storyname=4885

Although there are LEGAL ways to do this, if done wrong you can be liable for huge $$$ [in penalty and interest].

[Amputate Your Head]

The other top U.S. card network, Visa, was not served with a summons, and the IRS wouldn't comment on the reason.

makes you wonder who's in who's bed...

on another note:

Your biggest mission in life, if you're involved in money laundering or hiding income, is being able to use your ill-gotten gains.

'Ill gotten gains'??? Excuse me..... it is MY money isn't it? Fucking self rightous IRS.... what a fucking attitude.... did THEY work for it? I don't fucking think so. If anything, the money they get is 'ill-gotten'.

fucking bastards.

[Kris]

i love it... every time someone asks about offshore, automatically it's illegal. there are ways to do everything legally... you can get tax benefits as well as privacy perks. there are a million ways to do it. yes, some are illegal, most aren't. if you want any help, let me know, been there, done that ;)

[Kris]

off subject, but do you guys write off your vegas losses in jan?? no, it's not illegal...

[Amputate Your Head]

Originally posted by Kris
off subject, but do you guys write off your vegas losses in jan?? no, it's not illegal...

if they're not, they should be.

(writing them off I mean... not be illegal)

[Pornwolf]

I didn't know about that one. Sounds like a reason to do waaay more biz in the casinos.