Do you use offshores?

Around 166 billion USD dollars around the world aren't paid in taxes due to the fact that those are declared in offshore jurisdictions (30 - 80 countries may fit this criteria).

Do you use them yes/no,

worth it/not worth it

how you do it

 
Most Helpful

Here's one way.. introductory explanation, the point is to keep getting more and more creative and elaborate!

https://uspirg.org/sites/pirg/files/cpn/USN-011218-B2-REPORT/Offshore-Shell-Games_3.html

https://ctj.sfo2.digitaloceanspaces.com/pdf/offshoreshellgames2016.pdf

https://www.amazon.com/Global-Shell-Games-Transnational-International/dp/1107638836/ (technical paper/book by Cambridge on the subject - really interesting)

https://www.occrp.org/en/ (great reporting here.. it's like every article they write or topic they report on can/will end up as a movie plot lol)

 

Before anyone starts in on the "they should pay their fair share" circus act, remember folks: avoidance =/= evasion. 

I don't use any offshoring tactics (with the obligatory "yet" because I have the obvious goal of having that amount of assets), but if I did I'd definitely find me a LLM or other ex-big4 transfer pricing accountant/attorney to set it all up properly.

The poster formerly known as theAudiophile. Just turned up to 11, like the stereo.
 

It'd be pretty based if nobody paid any income taxes imo.

"The obedient always think of themselves as virtuous rather than cowardly" - Robert A. Wilson | "If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

Yes, I have an offshore bank account. Yes, I report it to the US government. No, it doesn’t actually reduce my taxes.

These tax reducing schemes are primarily available for companies rather than individuals, so for those of us who don’t actually earn income through a separate legal entity, we are stuck paying a full set of taxes.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

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