People thinking of setting up a Panama Corp - GoFuckYourself.com

pr0 · 06-27-2005, 11:10 PM

Go rent the movie blow

JulianSosa · 06-28-2005, 12:20 AM

Lol No Shit

Hardlinks · 06-28-2005, 12:23 AM

Listening to the soundtrack now

pr0 · 06-28-2005, 01:27 AM

Quote:

Originally Posted by Hardlinks

Listening to the soundtrack now

whooaaa black betty

JFK · 06-28-2005, 02:47 AM

Quote:

Originally Posted by pr0

Go rent the movie blow

right on he he he ...........and if you think they wont come after you if they really want you , you are sadly mistaken

mkx · 06-28-2005, 05:22 AM

Sick movie

pr0 · 06-28-2005, 05:31 AM

Quote:

Originally Posted by raulph

Sick movie

i think it was most definitely award worthy.....but stories based on a true story rarely get that honor

one of Johnny D's best too

WiredGuy · 06-28-2005, 11:22 AM

LOL, so true

WG

pornguy · 06-28-2005, 11:47 AM

If you think that you are safe with a panama corporation, then you are sadly mistaken. Panama has ties so close with the US, that it is amazing. Just being in Panama city, makes you feel like you are in the states.

pr0 · 06-28-2005, 12:15 PM

Quote:

Originally Posted by pornguy

If you think that you are safe with a panama corporation, then you are sadly mistaken. Panama has ties so close with the US, that it is amazing. Just being in Panama city, makes you feel like you are in the states.

well if you had seen the movie blow you would see thats what i was getting to

it seems panama opens its doors right around the same time the u.s. cracks down

you build up a huge account, & then the panamanian govt seizes the funds

just get compliant guys!

CDSmith · 06-28-2005, 12:44 PM

Quote:

Originally Posted by pr0

Go rent the movie blow

I kept thinking if that guy had only put 1/3 of his $60 million into a Cayman bank and another 1/3 of it into a Swiss bank he would have had a lot less problems.

Dumping it all into a single account was his first mistake.

Dumping it all into a Panamanian bank was his second.

pr0 · 06-28-2005, 12:46 PM

Quote:

Originally Posted by CDSmith

I kept thinking if that guy had only put 1/3 of his $60 million into a Cayman bank and another 1/3 of it into a Swiss bank he would have had a lot less problems.

Dumping it all into a single account was his first mistake.

Dumping it all into a Panamanian bank was his second.

"I figured hey, if it was good enough for pablo, its good enough for me"

bbe · 06-28-2005, 01:12 PM

Just because you incorporate in Panama (Plenty of lawyers there to buy a existing numbered company from) doesn't mean you need to use a Panamanian bank. Infact most of the banks there are branches of European ones. So save the, look what happened when Noriega was in power nonsense. For most people it doesn't make sense because they don't do enough business and thats it.

FilthyRob · 06-28-2005, 01:13 PM

Sounds like trouble waiting to happen

Kimmykim · 06-28-2005, 01:22 PM

Every country has different rules and regulations for banking, and many of them depend on whether you are a citizen of that country or you are using an agent to incorporate there.

US citizens should keep in mind that they are liable for income taxes on all of their income, regardless of where it is earned or kept. As a matter of fact, if you repatriate your US citizenship, you are still liable for income taxes to the US for ten years after the fact, since the IRS can claim that you repatriated to avoid paying taxes and have you arrested for tax evasion any time you attempt to enter the states.

06-27-2005, 11:10 PM	#1
pr0 rockin tha trailerpark Industry Role: Join Date: May 2001 Location: ~Coastal~ Posts: 23,088	People thinking of setting up a Panama Corp Go rent the movie blow __________________ __________ Loadedca$h - get sum! - Revengebucks - mmm rebills! - webair (gotz sErVrz)

06-28-2005, 12:23 AM	#3
Hardlinks Confirmed User Join Date: May 2005 Location: Great White North Posts: 1,333	Listening to the soundtrack now __________________ Find out how I make Fabulous Cash !!

06-28-2005, 11:22 AM	#8
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,491	LOL, so true WG __________________ I play with Google.

06-28-2005, 11:47 AM	#9
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	If you think that you are safe with a panama corporation, then you are sadly mistaken. Panama has ties so close with the US, that it is amazing. Just being in Panama city, makes you feel like you are in the states. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-28-2005, 01:13 PM	#14
FilthyRob Confirmed User Join Date: Feb 2004 Location: Anaheim - CA Posts: 6,741	Sounds like trouble waiting to happen __________________ AKA - Clubsexy

06-28-2005, 12:20 AM	#2
JulianSosa Confirmed User Join Date: Aug 2003 Posts: 3,042	Lol No Shit

06-28-2005, 05:22 AM	#6
mkx Confirmed User Industry Role: Join Date: Nov 2003 Location: Toronto Posts: 4,001	Sick movie

06-28-2005, 01:12 PM	#13
bbe Confirmed User Join Date: Feb 2005 Posts: 110	Just because you incorporate in Panama (Plenty of lawyers there to buy a existing numbered company from) doesn't mean you need to use a Panamanian bank. Infact most of the banks there are branches of European ones. So save the, look what happened when Noriega was in power nonsense. For most people it doesn't make sense because they don't do enough business and thats it.

06-28-2005, 01:22 PM	#15
Kimmykim bitchslapping zebras!!!!! Industry Role: Join Date: Jun 2001 Location: In a shack by the beach Posts: 16,015	Every country has different rules and regulations for banking, and many of them depend on whether you are a citizen of that country or you are using an agent to incorporate there. US citizens should keep in mind that they are liable for income taxes on all of their income, regardless of where it is earned or kept. As a matter of fact, if you repatriate your US citizenship, you are still liable for income taxes to the US for ten years after the fact, since the IRS can claim that you repatriated to avoid paying taxes and have you arrested for tax evasion any time you attempt to enter the states.