opening an offshore bank account question

Collapse
X
Collapse
 
  • Page of 2
  • Time
  • Show
Clear All
new posts
Previous 1 2 template Next
  • alex_a
    Registered User
    • Dec 2002
    • 48
    #1

    opening an offshore bank account question

    i'm thinking to open an offshore bank account and i have some questions:

    what is the procedure to open an offshore bank account? if i open an offshore bank account i don't have to pay any taxes anymore? what is the cost to open an offshore bank account and after i open the account how do i receive my money from sponsors?

    any other commentary is more than welcome
    <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>
    Tags: None
    • Amputate Your Head
      There can be only one
      • Aug 2001
      • 39075
      #2
      if you're doing it for no other reason than to evade taxes, the IRS will eventually nail you to a cross. They're starting to crack down on that shit.
      SIG TOO BIG

        Comment

        • Giorgio_Xo
          Confirmed User
          • Mar 2003
          • 4263
          #3
          Originally posted by Amputate Your Head
          if you're doing it for no other reason than to evade taxes, the IRS will eventually nail you to a cross. They're starting to crack down on that shit.
          Tax evasion and tax avoidence are two different things. As long as you have a legal offshore entity and don't repatriate the funds, the IRS can't legally do a single thing.
          Make Levees, Not War

            Comment

            • alex_a
              Registered User
              • Dec 2002
              • 48
              #4
              Originally posted by Amputate Your Head
              if you're doing it for no other reason than to evade taxes, the IRS will eventually nail you to a cross. They're starting to crack down on that shit.
              i'm from eastern europe.. we don't have IRS here yet.. but i'm tired to pay these taxes (40%)
              <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                Comment

                • Paul Waters
                  Confirmed User
                  • Mar 2003
                  • 4402
                  #5
                  Do a google search on offshore back accounts.

                  Fr ex,

                  http://www.finor.com/offshore_banking_centre.htm


                  Paul

                    Comment

                    • alex_a
                      Registered User
                      • Dec 2002
                      • 48
                      #6
                      Originally posted by Paul Waters
                      Do a google search on offshore back accounts.
                      thanks.. but i'm looking from some opinions and answares at my questions from peoples that already have an offshore account..
                      <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                        Comment

                        • Amputate Your Head
                          There can be only one
                          • Aug 2001
                          • 39075
                          #7
                          Originally posted by Giorgio_Xo
                          Tax evasion and tax avoidence are two different things. As long as you have a legal offshore entity and don't repatriate the funds, the IRS can't legally do a single thing.
                          I just watched something about this a few weeks ago. You may have a LEGAL offshore entity, but if that entity serves no real purpose other than to funnel money away from tax responsibility, they are starting to classify you as a tax evader. From what they said, this is because this type of hollow entity is becoming more popular recently.

                          And in all truth, it IS tax evasion if your entity does nothing more than shield you from taxes.
                          SIG TOO BIG

                            Comment

                            • Giorgio_Xo
                              Confirmed User
                              • Mar 2003
                              • 4263
                              #8
                              Originally posted by alex_a
                              i'm from eastern europe.. we don't have IRS here yet.. but i'm tired to pay these taxes (40%)
                              I would recommend the offshore online banking from one of the British banks. HBSC offers very good worldwide services. Another option is Citibank. Expect to deposit $5000 to open an account.
                              Make Levees, Not War

                                Comment

                                • Alex Xe
                                  #9
                                  Open account on CYPRUS!

                                    Comment

                                    • Paul Waters
                                      Confirmed User
                                      • Mar 2003
                                      • 4402
                                      #10
                                      Carefully planning the legal jurisdiction of your web business is very important.

                                      There is a lot of flexibility when all you do is send bytes around the world.



                                      Paul

                                        Comment

                                        • Giorgio_Xo
                                          Confirmed User
                                          • Mar 2003
                                          • 4263
                                          #11
                                          Originally posted by Amputate Your Head
                                          I just watched something about this a few weeks ago. You may have a LEGAL offshore entity, but if that entity serves no real purpose other than to funnel money away from tax responsibility, they are starting to classify you as a tax evader. From what they said, this is because this type of hollow entity is becoming more popular recently.

                                          And in all truth, it IS tax evasion if your entity does nothing more than shield you from taxes.
                                          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.
                                          Make Levees, Not War

                                            Comment

                                            • alex_a
                                              Registered User
                                              • Dec 2002
                                              • 48
                                              #12
                                              no response to any of my questions untill now
                                              <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                                                Comment

                                                • pussyluver
                                                  Clueless OleMan
                                                  • Mar 2003
                                                  • 11009
                                                  #13
                                                  If you live in the US, hire an attorney and get the appropriate legal advice. When IRS knocks on your door or freezes your account, a copy of this thread won't mean shit.

                                                    Comment

                                                    • Trax
                                                      [----------------------]
                                                      • Aug 2001
                                                      • 14486
                                                      #14
                                                      Giorgio seems to know what he is talking about

                                                        Comment

                                                        • Jace
                                                          FBOP Class Of 2013
                                                          • Jan 2004
                                                          • 35562
                                                          #15
                                                          what if you make $3k a week, cash in hand....how do you get that money from your house to the offshore account?

                                                            Comment

                                                            • Basic_man
                                                              Programming King Pin
                                                              • Oct 2003
                                                              • 27360
                                                              #16
                                                              Opening offshore account are alot of trouble!
                                                              UUGallery Builder - automated photo/video gallery plugin for Wordpress!
                                                              Stop looking! Checkout Naked Hosting, online since 1999 !

                                                                Comment

                                                                • chupacabra
                                                                  Confirmed User
                                                                  • Sep 2002
                                                                  • 3626
                                                                  #17
                                                                  interesting thread... google searches on this subject are frustrating i've found in the past; i've wondered just as jace has how to get money into these accounts in the first place from the US, if you've already been paid in US dollars what would be the appropriate method for getting the funds into your offshore account (just for the sake of the question lets say no solid amounts over $5000US)..?
                                                                  ...promise her a defamation, tell her where the rain will fall..

                                                                    Comment

                                                                    • Giorgio_Xo
                                                                      Confirmed User
                                                                      • Mar 2003
                                                                      • 4263
                                                                      #18
                                                                      Originally posted by pussyluver
                                                                      If you live in the US, hire an attorney and get the appropriate legal advice. When IRS knocks on your door or freezes your account, a copy of this thread won't mean shit.
                                                                      How can the IRS freeze a foreign account?
                                                                      Make Levees, Not War

                                                                        Comment

                                                                        • Giorgio_Xo
                                                                          Confirmed User
                                                                          • Mar 2003
                                                                          • 4263
                                                                          #19
                                                                          Originally posted by JaceXXX
                                                                          what if you make $3k a week, cash in hand....how do you get that money from your house to the offshore account?
                                                                          Ask any Colombian. :P
                                                                          Make Levees, Not War

                                                                            Comment

                                                                            • Giorgio_Xo
                                                                              Confirmed User
                                                                              • Mar 2003
                                                                              • 4263
                                                                              #20
                                                                              http://www.ocra.com/index.asp
                                                                              Make Levees, Not War

                                                                                Comment

                                                                                • alex_a
                                                                                  Registered User
                                                                                  • Dec 2002
                                                                                  • 48
                                                                                  #21
                                                                                  so, is anyone here that realy have an offshore account/company and can answere at my question?
                                                                                  <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                                                                                    Comment

                                                                                    • alex_a
                                                                                      Registered User
                                                                                      • Dec 2002
                                                                                      • 48
                                                                                      #22
                                                                                      Originally posted by Basic_man
                                                                                      Opening offshore account are alot of trouble!
                                                                                      why?
                                                                                      <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                                                                                        Comment

                                                                                        • ProfitPrograms
                                                                                          Confirmed User
                                                                                          • Feb 2004
                                                                                          • 1061
                                                                                          #23
                                                                                          Originally posted by alex_a
                                                                                          i'm thinking to open an offshore bank account and i have some questions:

                                                                                          what is the procedure to open an offshore bank account? if i open an offshore bank account i don't have to pay any taxes anymore? what is the cost to open an offshore bank account and after i open the account how do i receive my money from sponsors?

                                                                                          any other commentary is more than welcome
                                                                                          alexa - contact me privately for info
                                                                                          ICQ: 189153

                                                                                            Comment

                                                                                            • Giorgio_Xo
                                                                                              Confirmed User
                                                                                              • Mar 2003
                                                                                              • 4263
                                                                                              #24
                                                                                              Originally posted by alex_a
                                                                                              no response to any of my questions untill now
                                                                                              I have two offshore corps.

                                                                                              How much money a month are we talking about, Alex? If it is less than $10,000, all this won't be cost effective.
                                                                                              Make Levees, Not War

                                                                                                Comment

                                                                                                • baycouples
                                                                                                  Confirmed User
                                                                                                  • Mar 2004
                                                                                                  • 1341
                                                                                                  #25
                                                                                                  If you are really worried about this and want a 100% correct answer - hire a tax or corporate attorney who will oversea the process or just give a legal advice. Let me know if you want me to recommend you my corp. attorney.

                                                                                                    Comment

                                                                                                    • alex_a
                                                                                                      Registered User
                                                                                                      • Dec 2002
                                                                                                      • 48
                                                                                                      #26
                                                                                                      Originally posted by baycouples
                                                                                                      If you are really worried about this and want a 100% correct answer - hire a tax or corporate attorney who will oversea the process or just give a legal advice. Let me know if you want me to recommend you my corp. attorney.
                                                                                                      i just want to know how much will cost.. and what is the process to opening an offshore account..
                                                                                                      <a href="http://www.freepicsgallery.org/addurl.php"><b>Instantly Hard Link Exchange</b></a>

                                                                                                        Comment

                                                                                                        • Giorgio_Xo
                                                                                                          Confirmed User
                                                                                                          • Mar 2003
                                                                                                          • 4263
                                                                                                          #27
                                                                                                          Originally posted by alex_a
                                                                                                          i just want to know how much will cost.. and what is the process to opening an offshore account..
                                                                                                          Offshore bank account: $5000 (initial deposit and must maintain that balance)
                                                                                                          Offshore corporation: $500-$3000 plus $200-$500 yearly renewal

                                                                                                          This thread gave me an excellent business idea. Adult webmaster business structure resource site.
                                                                                                          Make Levees, Not War

                                                                                                            Comment

                                                                                                            • bizmak
                                                                                                              So Fucking Banned
                                                                                                              • Apr 2004
                                                                                                              • 10014
                                                                                                              #28
                                                                                                              open an acount in Swiss

                                                                                                                Comment

                                                                                                                • gxer
                                                                                                                  Confirmed User
                                                                                                                  • Dec 2002
                                                                                                                  • 846
                                                                                                                  #29
                                                                                                                  Originally posted by Giorgio_Xo
                                                                                                                  http://www.ocra.com/index.asp
                                                                                                                  what about identify the source of funds etc ...

                                                                                                                  i mean money from adult biz ?

                                                                                                                  Any experiense with this ?

                                                                                                                    Comment

                                                                                                                    • herbal logic
                                                                                                                      Confirmed User
                                                                                                                      • Feb 2004
                                                                                                                      • 1172
                                                                                                                      #30
                                                                                                                      Originally posted by gxer
                                                                                                                      what about identify the source of funds etc ...

                                                                                                                      i mean money from adult biz ?

                                                                                                                      Any experiense with this ?
                                                                                                                      control and ownership are 2 entirely different things

                                                                                                                        Comment

                                                                                                                        • Giorgio_Xo
                                                                                                                          Confirmed User
                                                                                                                          • Mar 2003
                                                                                                                          • 4263
                                                                                                                          #31
                                                                                                                          Originally posted by gxer
                                                                                                                          what about identify the source of funds etc ...

                                                                                                                          i mean money from adult biz ?

                                                                                                                          Any experiense with this ?
                                                                                                                          The source doesn't matter. You aren't going to bring cash.
                                                                                                                          Make Levees, Not War

                                                                                                                            Comment

                                                                                                                            • baycouples
                                                                                                                              Confirmed User
                                                                                                                              • Mar 2004
                                                                                                                              • 1341
                                                                                                                              #32
                                                                                                                              alex_a,

                                                                                                                              Different countries are different. In some countries - it's cheaper, but economy is bad, in others - it's more expensive, but it's a more solid economy. Also, if you have a US attorney - you are probably a better off with an English speaking country.

                                                                                                                              Also, some countries require you to register as a business there and obtrain appropriate licenses.

                                                                                                                                Comment

                                                                                                                                • hetomito
                                                                                                                                  Confirmed User
                                                                                                                                  • Feb 2003
                                                                                                                                  • 446
                                                                                                                                  #33
                                                                                                                                  did you hear about Payswiss, maybe they can help you
                                                                                                                                  about this, switzerland..
                                                                                                                                  SIG TOO BIG! Maximum 120x60 button and no more than 3 text lines of DEFAULT SIZE and COLOR. Unless your sig is for a GFY top banner sponsor, then you may use a 624x80 instead of a 120x60.

                                                                                                                                    Comment

                                                                                                                                    • Jace
                                                                                                                                      FBOP Class Of 2013
                                                                                                                                      • Jan 2004
                                                                                                                                      • 35562
                                                                                                                                      #34
                                                                                                                                      Originally posted by Giorgio_Xo
                                                                                                                                      The source doesn't matter. You aren't going to bring cash.
                                                                                                                                      hm...what if it is cash?

                                                                                                                                        Comment

                                                                                                                                        • Amputate Your Head
                                                                                                                                          There can be only one
                                                                                                                                          • Aug 2001
                                                                                                                                          • 39075
                                                                                                                                          #35
                                                                                                                                          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.
                                                                                                                                          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.
                                                                                                                                          SIG TOO BIG

                                                                                                                                            Comment

                                                                                                                                            • herbal logic
                                                                                                                                              Confirmed User
                                                                                                                                              • Feb 2004
                                                                                                                                              • 1172
                                                                                                                                              #36
                                                                                                                                              Originally posted by Amputate Your Head
                                                                                                                                              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.
                                                                                                                                              your asset column is huge?

                                                                                                                                                Comment

                                                                                                                                                • Amputate Your Head
                                                                                                                                                  There can be only one
                                                                                                                                                  • Aug 2001
                                                                                                                                                  • 39075
                                                                                                                                                  #37
                                                                                                                                                  Originally posted by herbal logic
                                                                                                                                                  your asset column is huge?
                                                                                                                                                  big enough
                                                                                                                                                  SIG TOO BIG

                                                                                                                                                    Comment

                                                                                                                                                    • Giorgio_Xo
                                                                                                                                                      Confirmed User
                                                                                                                                                      • Mar 2003
                                                                                                                                                      • 4263
                                                                                                                                                      #38
                                                                                                                                                      Originally posted by Amputate Your Head
                                                                                                                                                      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.
                                                                                                                                                      Ampiezza,

                                                                                                                                                      I completely agree that everyone should consult a professional in the field before taking any action. My attorney is button #1 on my speed dial. I believe your situation is quite different.

                                                                                                                                                      You are a U.S. citizen providing services render in the U.S. to primarily U.S. companies. It would be illegal for you to shelter that revenue offshore. In this case forming a U.S. corporation is the wisest move.

                                                                                                                                                      I am in no way promoting tax evasion. A company should always pay the correct amount of taxes for the service and products rendered from its home jurisdiction.

                                                                                                                                                      Our industry is global in nature. There is no reason to pay more for income generated in other countries if that money is not repatriated.

                                                                                                                                                      I lived and did business in South America for several years. Why should I have to pay U.S. taxes when I never brought that income back to the U.S. and paid local taxes?

                                                                                                                                                      As I mentioned before, tax evasion is wrong but wise tax avoidence is virtue. If an adult webmaster makes money in several countries he would be wise to funnel it correctly to maximize returns.
                                                                                                                                                      Make Levees, Not War

                                                                                                                                                        Comment

                                                                                                                                                        • johndoebob
                                                                                                                                                          Confirmed User
                                                                                                                                                          • Mar 2004
                                                                                                                                                          • 3405
                                                                                                                                                          #39
                                                                                                                                                          http://www.fethard.biz/ everybody can wire you money and you can get an anonymous debit card and get the money in your country,many adult programs pay by fethard too.No minimum deposit and you can put the money into your acc with money order and other anonymous methods too where you don't have to go to your bank and get your cash money into the account.Also they don't ask many questions

                                                                                                                                                            Comment

                                                                                                                                                            • chupacabra
                                                                                                                                                              Confirmed User
                                                                                                                                                              • Sep 2002
                                                                                                                                                              • 3626
                                                                                                                                                              #40
                                                                                                                                                              Originally posted by johndoebob
                                                                                                                                                              http://www.fethard.biz/ everybody can wire you money and you can get an anonymous debit card and get the money in your country,many adult programs pay by fethard too.No minimum deposit and you can put the money into your acc with money order and other anonymous methods too where you don't have to go to your bank and get your cash money into the account.Also they don't ask many questions
                                                                                                                                                              hmm... looks scary, location = Montevideo, URUGUAY..

                                                                                                                                                              any GFY'ers use this service by chance..?
                                                                                                                                                              ...promise her a defamation, tell her where the rain will fall..

                                                                                                                                                                Comment

                                                                                                                                                                • johndoebob
                                                                                                                                                                  Confirmed User
                                                                                                                                                                  • Mar 2004
                                                                                                                                                                  • 3405
                                                                                                                                                                  #41
                                                                                                                                                                  scared me first too but I haven't heard of anyone who got ripped by them and as long as you don't plan to get millions of dollars into your account I would say your money is safe there.The bank is located in russia as far as I know but I don't really have a clue where it's located neither do I really care about that as long as my money is safe

                                                                                                                                                                    Comment

                                                                                                                                                                    • faxxaff
                                                                                                                                                                      Confirmed User
                                                                                                                                                                      • Dec 2002
                                                                                                                                                                      • 2134
                                                                                                                                                                      #42
                                                                                                                                                                      alex_a, if you are from Eastern Europe (and not a US citizen) and generate your income from internet business, the best offshore account you can get is at a US bank. The cost is 0.0 $. You mail your checks to the bank and withdraw cash with a debitcard from any atm around the world. It helps if you rent a US mailbox first.
                                                                                                                                                                      Just fly over to Florida for a week. A roundtrip will cost you less than 400 $ and you have a nice vacation. Everybody can open a US checking account, the requirments are very little compared to other offshore locations.
                                                                                                                                                                      If you have problems in obtaining an US visa, go to Mexico and open an account there. It is free and easy, just travel expenses.
                                                                                                                                                                      Asian Babes

                                                                                                                                                                        Comment

                                                                                                                                                                        • silent_jinx
                                                                                                                                                                          Registered User
                                                                                                                                                                          • Mar 2004
                                                                                                                                                                          • 39
                                                                                                                                                                          #43
                                                                                                                                                                          Having the same problem also, I'm from eastern eu too. The tax rate seems to be very high around here as alexa said 40% or more. I was thinking opening a swiss acct, contacted a few banks regarding this, just waiting for their legal advice. But, if anyone is doing business with a swiss bank and have a good recomandation, any comment is welcomed ! Btw alexa if you find a good solution pm me

                                                                                                                                                                            Comment

                                                                                                                                                                            • EviLGuY
                                                                                                                                                                              So Fucking Banned
                                                                                                                                                                              • Apr 2003
                                                                                                                                                                              • 12745
                                                                                                                                                                              #44
                                                                                                                                                                              The guys from flashcash hooked me up with someone to help me do this back in 2000-ish.. I forget the name of the place.. but it was very smooth.

                                                                                                                                                                              Cost a few grand though..

                                                                                                                                                                                Comment

                                                                                                                                                                                • teomaxxx
                                                                                                                                                                                  Confirmed User
                                                                                                                                                                                  • May 2003
                                                                                                                                                                                  • 2737
                                                                                                                                                                                  #45
                                                                                                                                                                                  Originally posted by Giorgio_Xo

                                                                                                                                                                                  This thread gave me an excellent business idea. Adult webmaster business structure resource site.
                                                                                                                                                                                  Do it soon!

                                                                                                                                                                                    Comment

                                                                                                                                                                                    • Monk
                                                                                                                                                                                      Confirmed User
                                                                                                                                                                                      • Jan 2003
                                                                                                                                                                                      • 631
                                                                                                                                                                                      #46
                                                                                                                                                                                      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.

                                                                                                                                                                                      You might want to double-check those facts.

                                                                                                                                                                                      1. Residents are required to pay tax on their world income... so the issue of where the money is earned from is not that important.

                                                                                                                                                                                      2. As to where the money goes to (offshore)... there is the issue of "control".... ie who "controls" the offshore corporation. In Canada, if the person who controls the foreign corporation is a Canadian resident, then he (and his companies) are required to pay tax in Canada.

                                                                                                                                                                                      Canada and US have very similar tax laws in many areas.... I would suspect they would be similar in this area as the IRS doesn't want people to avoid paying tax on their world income by simply having the money land in another country.

                                                                                                                                                                                        Comment

                                                                                                                                                                                        • teomaxxx
                                                                                                                                                                                          Confirmed User
                                                                                                                                                                                          • May 2003
                                                                                                                                                                                          • 2737
                                                                                                                                                                                          #47
                                                                                                                                                                                          Originally posted by Giorgio_Xo
                                                                                                                                                                                          Offshore bank account: $5000 (initial deposit and must maintain that balance)
                                                                                                                                                                                          Giorgio, would you recommed me some bank(not located in the EU)
                                                                                                                                                                                          for offshore account ?

                                                                                                                                                                                            Comment

                                                                                                                                                                                            • tahiti
                                                                                                                                                                                              Confirmed User
                                                                                                                                                                                              • Oct 2003
                                                                                                                                                                                              • 699
                                                                                                                                                                                              #48
                                                                                                                                                                                              Switzland is the best. There are various options depends of the amount of money you put. To me there are the safer, I tried other offshore accounts but still the best solution.
                                                                                                                                                                                              I you can afford it I'd highly recommand numbered account.

                                                                                                                                                                                              Contact me for details, if you're interested in.
                                                                                                                                                                                              aim: olvrsmt
                                                                                                                                                                                              -------------------------------
                                                                                                                                                                                              Oliver Smith
                                                                                                                                                                                              "Drunk Russian Hackers are Invincible"
                                                                                                                                                                                              ASCII P0rn rules
                                                                                                                                                                                              aim: olvrsmt
                                                                                                                                                                                              icq: 21018030

                                                                                                                                                                                                Comment

                                                                                                                                                                                                • Webby
                                                                                                                                                                                                  Too lazy to set a custom title
                                                                                                                                                                                                  • Oct 2002
                                                                                                                                                                                                  • 14956
                                                                                                                                                                                                  #49
                                                                                                                                                                                                  Bottom line is.... if you are a resident of your home country, you are obliged to pay taxes applicable in that country.

                                                                                                                                                                                                  Filtering money into some offshore account to avoid taxes is not a good idea :-)

                                                                                                                                                                                                  If you live in either an offshore country or a country which has a geographically based tax system (ie.. a country which only taxes profits when they are generated within that country) - you can have as many legitimate bank accounts as ya can dream of.

                                                                                                                                                                                                  For "onshore" people, yes it is possible to have "offshore" accounts, tho there are variations on tax rules, depending on your country of residence. For US people, this is a problem, for others, not so much a problem. Also... it's not just a matter of "opening a bank account" - usually some corporate structure is useful/necessary.

                                                                                                                                                                                                  If it's just a bank account that is needed - any offshore bank will open an account, tho they will require full ID (genuine!!! *g*) and background information - this is standard practice.
                                                                                                                                                                                                  XXX TLD's - Another mosquito to swat.

                                                                                                                                                                                                    Comment

                                                                                                                                                                                                    • Webby
                                                                                                                                                                                                      Too lazy to set a custom title
                                                                                                                                                                                                      • Oct 2002
                                                                                                                                                                                                      • 14956
                                                                                                                                                                                                      #50
                                                                                                                                                                                                      tahiti:

                                                                                                                                                                                                      Switzland is the best. There are various options depends of the amount of money you put. To me there are the safer, I tried other offshore accounts but still the best solution.
                                                                                                                                                                                                      I you can afford it I'd highly recommand numbered account.
                                                                                                                                                                                                      Swiss bankers have been lied to and conned by the US IRS in the past and there is a plus in that they are now wary of any US agency approaching them for info. However, Switzerland is tired of everyone and his dog lining up to open accounts for the purposes of tax evasion within their own countries, they make life harder, unless this is for normal business trading.

                                                                                                                                                                                                      BTW.. Why would anyone want a "numbered account" these days? :-) It is not exactly "normal" and contrary to common verbal, offshore banks do not usually have such things as "numbered accounts" - they operate "normal accounts" on the basis of "know your client" and retain a high degree of confidentiality.
                                                                                                                                                                                                      XXX TLD's - Another mosquito to swat.

                                                                                                                                                                                                        Comment

                                                                                                                                                                                                        Previous 1 2 template Next
                                                                                                                                                                                                        Working...