***Offshore Privacy Ltd. : Legally Never Pay Taxes Again***

[acehigh]

Offshore Privacy Ltd. offers the best prices, fastest services and most confidential offshore services.

Our incorporation jurisdictions include:

* Belize IBC's
* Panama Corporations (Bearer shares available) includes nominee directors
* BVI Corporations
* Seychelles IBC's (Bearer shares available)
* Panama Foundations includes nominee council
* Belize Currency Trading, Financial Services & Online Gaming licenses
* UK Limited Companies
* US LLC or Delaware Corporation with EIN

Fast and simple ordering of corporations with only an ID scan and basic information required.

Offshore/Onshore banking jurisdictions:

* Cyprus
* Belize
* Panama
* North Cyprus (non-MLAT)
* Antigua
* Cap Verde (non-MLAT)
* Dominica (non-MLAT)
* Isle of Man
* Jersey
* Germany (PayPal compatible)
* Austria (PayPal compatible)
* Switzerland (PayPal compatible)
* Ireland (PayPal compatible)
* Liechtenstein
* Tanzania

All banks require a notarized govt ID accept for our nominee banking packages, however some do NOT require detailed business information, bank references or proof of address.

***Our most popular offshore package is the Belize IBC with Cyprus Bank account for only 899E***

October Special: Panama Corporation, Panama Foundation & Offshore Bank Account for only $2600 plus courier -- save $1000. Includes nominee council and nominee directors

High Limit Anonymous Offshore MasterCard for Wires-- receive up to $100,000 a month and withdraw up to $10,000 a day with this card that has a direct offshore wire account number.

UK Limited Company with German Corporate Bank Account -- works with PayPal

*Nominee and anonymous banking packages
*Instant setup anonymous offshore corporate wire account
*Free telephone consultations available: +52 1322 135 2486*

Note: Offshore Privacy Ltd. is a non-US based offshore incorporation and banking firm. We maintain all client records with an attorney in a non-western, non-EU country for your safety.

Visit us now: http://www.offshoreprivacy.org

[danayster]

Any thoughts from some of the Vets on here regarding this thread?

[WiredGuy]

Seek legal and accounting counsel.
WG

[jakethedog]

I'm down ;) .. but of course seeking legal and accounting advice

contact me acehigh.. good timing actually .

[seeric]

i predict 3 pages.

[L-Pink]

"Legally never pay taxes again" This will be good .......

[danayster]

I made the mistake of bringing up the word "offshore" to my accountant and he of course strongly tried to persued me to stay away. He's a big goody two shoes!

[TheDoc]

Americans that stay in the Country and own a Company now can't just move the assets out of the Country, that's not legal. If you do setup an off shore Company and wish to avoid U.S. taxes, most of your company/staff/assets have to move off shore too. Otherwise, you avoid nothing. If this is for legal reasons and you live in the Country, host, register, ect, this protects nothing.

Americans are boned, if you want out, move, and file your papers for under $80k a year to stay safe or expatriate and stop paying taxes and give up your citizenship.

[StarkReality]

Originally Posted by danayster

Any thoughts from some of the Vets on here regarding this thread?

Seeking legal and accounting counsel is certainly a good idea. It sounds great and tempting, but there are always two problems:

1. There are nominees to front for you who are in control of your money. Remember, officially it's not you running the company and it's not your money. If things go wrong, you are fucked.
2. Offshore banking jurisdiction doesn't always mean that you are excluded from US jurisdiction if they ever find out and go after you for evading taxes, since in reality you are operating the business from the US.

It's not all illegal or shady in general, I just prefer paying my taxes, knowing it can't end in some serious clusterfuck beyond my control. Greed kills brain, but it could kill your business as well.

The only really good option is to MOVE offshore, physically.

[fusionx]

Originally Posted by StarkReality

Seeking legal and accounting counsel is certainly a good idea. It sounds great and tempting, but there are always two problems:

1. There are nominees to front for you who are in control of your money. Remember, officially it's not you running the company and it's not your money. If things go wrong, you are fucked..

They don't need to have access to your bank accounts, and the bank accounts do not always have to be in the company's name. You can file documents to accept payments on their behalf. The nominee part should not be a problem if you use a competent attorney to incorporate.

[acehigh]

Originally Posted by fusionx

They don't need to have access to your bank accounts, and the bank accounts do not always have to be in the company's name. You can file documents to accept payments on their behalf. The nominee part should not be a problem if you use a competent attorney to incorporate.

Most WONT even have access to your bank accounts, at least the ones we are working with. The papers and everything else will be shipped to the address YOU specify, which means nobody else would've access to them.

Originally Posted by jakethedog

I'm down ;) .. but of course seeking legal and accounting advice

contact me acehigh.. good timing actually .

Adding to ICQ

Thanks to everybody else who already did contact us, we are looking forward to assist you! In case of any questions, or information, don't hesitate to contact us by phone, email, skype or icq!

[pornjudge]

I like to have an offshore account where they have little monkeys roaming around, is that possible?

[DarkJedi]

which banks can you open an account at?

[acehigh]

Originally Posted by pornjudge

I like to have an offshore account where they have little monkeys roaming around, is that possible?

You might want to go for a Dominica setup. You can read more information here:
http://www.offshoreprivacy.org/Domin...teBanking.html

[DarkJedi]

website doesn't load, by the way

http://www.offshoreprivacy.org

[Jens Van Assterdam]

Website works here..

Annual Fees

The annual fees of the company are € 250 for govt fees, € 200 registered office and € 400 per year for nominee services. All fees are payable commencing the second year.

Note: Nominee directors or Nominee Council provided for all Panama packages at no charge.

450EUR... sure thing!

[riddler]

yeah this doesnt sound like a sting operation or a scam waiting to happen, no sir not at all

[acehigh]

Originally Posted by riddler

yeah this doesnt sound like a sting operation or a scam waiting to happen, no sir not at all

You might want to check out our reputation at places where we are already active for a couple of years.. example TalkGold and so on.
Just check our domain registration to see we are active for over a longer time and references over there before you make such a post.

We don't force you to do business with us, we just offer you the opportunity to lower your costs in a legal fashion.

In case of any questions or advice, don't hesitate to contact us!

[Pleasurepays]

even bothering to reply to a thread like this in a serious manner or taking this guy seriously in any way, just shows how fucking moronic, immature and self destructive people on this board are.

[riddler]

Originally Posted by acehigh

You might want to check out our reputation at places where we are already active for a couple of years.. example TalkGold and so on.
Just check our domain registration to see we are active for over a longer time and references over there before you make such a post.

We don't force you to do business with us, we just offer you the opportunity to lower your costs in a legal fashion.

In case of any questions or advice, don't hesitate to contact us!

[CunningStunt]

Originally Posted by Pleasurepays

even bothering to reply to a thread like this in a serious manner or taking this guy seriously in any way, just shows how fucking moronic, immature and self destructive people on this board are.

Yeah, you're much more of a beliveable character:

Join Date: Aug 2002
Location: I am giving my dog a prostate massage.
Posts: 9,777

Of course his post is mostly founded on nonsense. However, there's a shred of truth in the tax minimisation for those smart enough though

[Mr. Cool Ice]

Originally Posted by Pleasurepays

even bothering to reply to a thread like this in a serious manner or taking this guy seriously in any way, just shows how fucking moronic, immature and self destructive people on this board are.

While I would not bite from a GFY thread, the idea of what is going on is solid so long as you do your due diligence.

I personally know many millionaires who operate in this manner and pay jack shit for taxes and have been doing so for many years. They all however MOVED OUT of the USA. Also if you can earn income from another country / source outside of the USA this would also be of benefit to someone. But just trying to hide your USA earned money while you live IN the USA is just asking for trouble.

[acehigh]

Originally Posted by CunningStunt

Yeah, you're much more of a beliveable character:



Of course his post is mostly founded on nonsense. However, there's a shred of truth in the tax minimisation for those smart enough though

Well last respond we would like to make regarding our '' trustworthy '', feel free to check: http://www.talkgold.com/forum/f22-.html (a reputable forum in this business area) in where we operate mainly.

We just felt it could be a good addition for people in this business to think about an offshore setup for them, which was the reason we opened this post.

In case of no interest, rather don't reply then reply with nonsense so we can keep this thread clean for them seriously interested..

[acehigh]

Originally Posted by Mr. Cool Ice

While I would not bite from a GFY thread, the idea of what is going on is solid so long as you do your due diligence.

I personally know many millionaires who operate in this manner and pay jack shit for taxes and have been doing so for many years. They all however MOVED OUT of the USA. Also if you can earn income from another country / source outside of the USA this would also be of benefit to someone. But just trying to hide your USA earned money while you live IN the USA is just asking for trouble.

You are correct indeed at this point. However, most business can be setup in a legal way offshore in the end.

[Pleasurepays]

Originally Posted by Mr. Cool Ice

I personally know many millionaires who operate in this manner and pay jack shit for taxes and have been doing so for many years. They all however MOVED OUT of the USA. Also if you can earn income from another country / source outside of the USA this would also be of benefit to someone. But just trying to hide your USA earned money while you live IN the USA is just asking for trouble.

you're missing the point. this area of tax law for US citizens is extremely complicated. thinking that you are going to legally avoid US taxes as a US Citizen because some jackass came to a porn forum and told you where to sign up is retarded and naive.

first and foremost, he would have to be an expert in current US tax law to be able to make such an assertion as the thread title does and have a solution that meets the exact needs of US citizens to be "legal" under the current tax code.

i'm speaking from many years of experience.

what some guy does somewhere means absolutely nothing and certainly doesn't mean he's doing it legally and won't get popped. in fact, he might already be a part of a massive investigation that might conclude 2 years from now and he will get arrested. happens all the time.

[Pleasurepays]

any fucking idiot that goes to his site or relies on his advance/services without consulting a competent tax attorney who specializes in this area of tax law for your own country deserves to be in prison and removed from the gene pool.

jesus man... this is GoFuckYourself.com not "ReliableTaxAdvice.com" and you are going to ponder 20 years in prison and fines that will ruin your life because some idiot said he's got a good idea on a porn forum?

[Pleasurepays]

Originally Posted by acehigh

You are correct indeed at this point. However, most business can be setup in a legal way offshore in the end.

"can be" - of course.

"can be done to satisfy current tax law, IRS tests and within the budgets of the people you are addressing" - no.

[pocketkangaroo]

Originally Posted by acehigh

Well last respond we would like to make regarding our '' trustworthy '', feel free to check: http://www.talkgold.com/forum/f22-.html (a reputable forum in this business area) in where we operate mainly.

We just felt it could be a good addition for people in this business to think about an offshore setup for them, which was the reason we opened this post.

In case of no interest, rather don't reply then reply with nonsense so we can keep this thread clean for them seriously interested..

There is a thread on that forum that is from people who say they can't get in touch with you. How you gave them the runaround and stopped responding to e-mails. How you didn't send documents. How you had collected their money and not given them what you said you would.

Then you come in and say you were ripped off by another company that put you out of business.

This thread is from about 5 months ago.

[acehigh]

Originally Posted by pocketkangaroo

There is a thread on that forum that is from people who say they can't get in touch with you. How you gave them the runaround and stopped responding to e-mails. How you didn't send documents. How you had collected their money and not given them what you said you would.

Then you come in and say you were ripped off by another company that put you out of business.

This thread is from about 5 months ago.

We're aware of this thread, if you read on you figure we resolved this issue.
It's a one time problem we had with a registrar we did business with in the past.
The communication issue was mainly since the guy his in box was filled, which got sorted later on. Both guys received there package and our apologize.

If you read the other threads you will find out that we didn't had such problems after nor before.

Originally Posted by Pleasurepays

"can be" - of course.

"can be done to satisfy current tax law, IRS tests and within the budgets of the people you are addressing" - no.

Well once again, inquiry us if your seriously interested in our help/consult if not start your own thread to flame us.. thanks.

[Pleasurepays]

Originally Posted by acehigh

Well once again, inquiry us if your seriously interested in our help/consult if not start your own thread to flame us.. thanks.

Flame you?

You are telling US Citizens (among others) that they NEVER have to pay taxes again - "LEGALLY"

how about you pull your fucking head out of your ass and stop trying to fuck people over?

what "consulting" could you possibly offer when you can't even demonstrate that you have the slightest grasp of what you are talking about?

[james_clickmemedia]

Hire a good accountant and pay your taxes and sleep well at night...
Don't pay more than you should, but pay what you should.

[dev777]

haha shady shit....

[Mr. Cool Ice]

Originally Posted by Pleasurepays

you're missing the point. this area of tax law for US citizens is extremely complicated. thinking that you are going to legally avoid US taxes as a US Citizen because some jackass came to a porn forum and told you where to sign up is retarded and naive.

first and foremost, he would have to be an expert in current US tax law to be able to make such an assertion as the thread title does and have a solution that meets the exact needs of US citizens to be "legal" under the current tax code.

i'm speaking from many years of experience.

what some guy does somewhere means absolutely nothing and certainly doesn't mean he's doing it legally and won't get popped. in fact, he might already be a part of a massive investigation that might conclude 2 years from now and he will get arrested. happens all the time.

I'm not saying you don't understand what you are talking about, but it is very easy to set this sort of thing up. Almost too easy (and cheap to set up) if you put in the effort to learn about it. It is not complicated at all. Well, maybe for most GFY minds it is but if you have 1/2 a brain it's not.

[Mr. Cool Ice]

Originally Posted by james_clickmemedia

Hire a good accountant and pay your taxes and sleep well at night...
Don't pay more than you should, but pay what you should.

Just curious why you think everyone should pay what they should? What is the system doing for you/us right now that warrants our money?

[TheDoc]

Originally Posted by Mr. Cool Ice

I'm not saying you don't understand what you are talking about, but it is very easy to set this sort of thing up. Almost too easy (and cheap to set up) if you put in the effort to learn about it. It is not complicated at all. Well, maybe for most GFY minds it is but if you have 1/2 a brain it's not.

Yeppers, that's why some of the richest most powerful people in the world are going down for exactly this. Under our tax code and laws, it is not legal to do this in about 100 different directions.

It is legal for American Corps to open off shore companies, bank accounts, ect. But not in the method talked about above. You faking you own something, making your company/assets fund it, transferring assets to it without paying you and paying tax on it, all of that and much much more is illegal.

I have done my fact checking, and this is why some of the richest, baddest ass, most protected people in the World and in this Country are going down hard for this.

If you want to do it legal, get up, get on a plane and setup a Corporation in another location. Wait until it's setup, then loan it money on your books how it should be or give it the money yourself. Now if it builds up enough money it can buy your assets, legally.

Now, asset protection is a different story. However you don't need an offshore corp to do that. You can do it in Nevada and your own Corps can take leans against personal assets. Simply pay yourself more on the books than you take, creating a dept the Company can't pay, taking a lean against your house. Now that lean has to be paid off before any other lean, and since you own the lean it will never be paid off.


If you get a good tax man and do your money correct, you pay almost no tax as a Corporation. It may be harder, more work, and a pain in the ass. But American Corps pay less "real tax" than almost any other Country in the world.

[acehigh]

Originally Posted by TheDoc

Americans that stay in the Country and own a Company now can't just move the assets out of the Country, that's not legal. If you do setup an off shore Company and wish to avoid U.S. taxes, most of your company/staff/assets have to move off shore too. Otherwise, you avoid nothing. If this is for legal reasons and you live in the Country, host, register, ect, this protects nothing.

Americans are boned, if you want out, move, and file your papers for under $80k a year to stay safe or expatriate and stop paying taxes and give up your citizenship.

There is actually a very popular offshore structure designed for North Americans in order to "minimize" taxes and safe guard assets, it uses a Panama Foundation owing a Belize IBC or corporation. The legal point here is that the foundation does not have "owners" only "beneficiaries" the result of which is the corporation and bank account opened by the foundation do not need to be reported to the Gov't since you are not the "owner" or "beneficial owner".

The foundation and/or the IBC can own assets and generate income that is tax free ;-)

[danayster]

Originally Posted by TheDoc

If you get a good tax man and do your money correct, you pay almost no tax as a Corporation. It may be harder, more work, and a pain in the ass. But American Corps pay less "real tax" than almost any other Country in the world.

This is the sad part, I know for a fact most profitable (1 man run) corporation setups out there pay even less tax than the average middle class worker. Something is screwed up with our system.

[acehigh]

Originally Posted by Davey Jones

which banks can you open an account at?

Offshore/Onshore banking jurisdictions:

* Cyprus
* Belize
* Panama
* North Cyprus (non-MLAT)
* Antigua
* Cap Verde (non-MLAT)
* Dominica
* Isle of Man
* Jersey
* Germany (PayPal compatible)
* Austria (PayPal compatible)
* Switzerland (PayPal compatible)
* Ireland (PayPal compatible)
* Liechtenstein
* Tanzania

[TheDoc]

Originally Posted by acehigh

There is actually a very popular offshore structure designed for North Americans in order to "minimize" taxes and safe guard assets, it uses a Panama Foundation owing a Belize IBC or corporation. The legal point here is that the foundation does not have "owners" only "beneficiaries" the result of which is the corporation and bank account opened by the foundation do not need to be reported to the Gov't since you are not the "owner" or "beneficial owner".

The foundation and/or the IBC can own assets and generate income that is tax free ;-)

Yeppers, I know how it works, in detail. It may be legal to setup like this but it is not legal to move your money or assets to these offshore companies. It is not legal to use your U.S. company to fund/move promote/push, ect and get that Company money without the U.S. Company paying tax on it. - Private held, not owned, or owned by a Monkey - it's illegal.

If you are moving money from a U.S. Corp, to an IBC, to a foundation, which pays you tax free - that is tax evasion. Period.

And people "ARE" going down for this exact setup.

[JimmyStephans]

Mon Oct 6, 3:30 AM ET

Los Angeles (E! Online) - A chained-up, choked-up Hélio Castroneves could barely two-step into federal court today.

After surrendering to federal authorities, the 33-year-old former Indy 500 champ and Dancing With the Stars winner was escorted by U.S. marshals into the Miami courtroom in handcuffs and leg irons.

Visibly shaken, Castroneves pleaded not guilty to one count of conspiracy and six counts of tax evasion. He was allowed to go free after posting $10 million bail and surrendering his passport, and plans on racing in Atlanta over the weekend.

"It's been a long day. It's been an emotional day, obviously," he told reporters. "I am not guilty."

The sentiment was echoed by his lawyer, Mark Seiden who blamed the legal tango on bad bookkeeping.

"Hélio is a superb and accomplished professional racing driver. He is not a tax lawyer nor an accountant," Seiden told E! News.

"He relied upon competent professionals for tax advice, and it's our position that he did nothing wrong and will be vindicated when this is concluded."

Castroneves, who lives in Coral Gables, Fla., was indicted Thursday along with his sister and manager, Katiucia Castroneves, 35, and his Ohio-based lawyer, Alan Miller, 71. The trio was accused of using Seven Promotions, a shell corporation based in Panama, to hide more than $5.5 million in income between 1999 and 2004.

According to prosecutors, Hélio claimed he earned only $200,000 in that period. The feds claim he made $2 million alone in sponsorship deals with a Brazilian import-export company. (View the indictment.)

"Using offshore corporations for the purpose of evading taxes is a crime," says IRS Commissioner Doug Shulman. "This case sends a clear message that the IRS is committed to vigorously enforcing the lax laws and stopping offshore tax evasion."

Kati Castroneves and Miller also turned themselves in Friday, but did not enter a plea. They were ordered released on bail of $2 million and $250,000 respectively.

If convicted on all counts, the three face more than 30 years in prison each.

While Hélio was permitted to attend this weekend's race, he will have to skip an event in Australia later this month due to his travel restrictions.

Castroneves and partner Julianne Hough won the fifth season of ABC's Dancing With the Stars last November, sashaying their way by Melanie "Scary Spice" Brown and Marie Osmond.

He recently returned to Dancing as a special backstage correspondent for Entertainment Tonight.

(Originally published Oct. 3, 2008 at 11:51 a.m. PT.)

http://news.yahoo.com/s/eonline/20081006/en_tv_eo/32309

---------------------------------------------------------

Even with a lawyer involved, two time Indy 500 winner and Dancing with the Stars winner has trouble with IRS about this type of stuff.

Tread very carefully for sure.

[Mr. Cool Ice]

Originally Posted by TheDoc

Yeppers, that's why some of the richest most powerful people in the world are going down for exactly this. Under our tax code and laws, it is not legal to do this in about 100 different directions.

It is legal for American Corps to open off shore companies, bank accounts, ect. But not in the method talked about above. You faking you own something, making your company/assets fund it, transferring assets to it without paying you and paying tax on it, all of that and much much more is illegal.

I have done my fact checking, and this is why some of the richest, baddest ass, most protected people in the World and in this Country are going down hard for this.

If you want to do it legal, get up, get on a plane and setup a Corporation in another location. Wait until it's setup, then loan it money on your books how it should be or give it the money yourself. Now if it builds up enough money it can buy your assets, legally.

Now, asset protection is a different story. However you don't need an offshore corp to do that. You can do it in Nevada and your own Corps can take leans against personal assets. Simply pay yourself more on the books than you take, creating a dept the Company can't pay, taking a lean against your house. Now that lean has to be paid off before any other lean, and since you own the lean it will never be paid off.


If you get a good tax man and do your money correct, you pay almost no tax as a Corporation. It may be harder, more work, and a pain in the ass. But American Corps pay less "real tax" than almost any other Country in the world.

If people are going down it is because they are doing something illegal. It's not rocket science. Easy to make it legit. But then again... this is GFY.

[Mr. Cool Ice]

Originally Posted by JimmyStephans

Mon Oct 6, 3:30 AM ET

Los Angeles (E! Online) - A chained-up, choked-up Hélio Castroneves could barely two-step into federal court today.

After surrendering to federal authorities, the 33-year-old former Indy 500 champ and Dancing With the Stars winner was escorted by U.S. marshals into the Miami courtroom in handcuffs and leg irons.

Visibly shaken, Castroneves pleaded not guilty to one count of conspiracy and six counts of tax evasion. He was allowed to go free after posting $10 million bail and surrendering his passport, and plans on racing in Atlanta over the weekend.

"It's been a long day. It's been an emotional day, obviously," he told reporters. "I am not guilty."

The sentiment was echoed by his lawyer, Mark Seiden who blamed the legal tango on bad bookkeeping.

"Hélio is a superb and accomplished professional racing driver. He is not a tax lawyer nor an accountant," Seiden told E! News.

"He relied upon competent professionals for tax advice, and it's our position that he did nothing wrong and will be vindicated when this is concluded."

Castroneves, who lives in Coral Gables, Fla., was indicted Thursday along with his sister and manager, Katiucia Castroneves, 35, and his Ohio-based lawyer, Alan Miller, 71. The trio was accused of using Seven Promotions, a shell corporation based in Panama, to hide more than $5.5 million in income between 1999 and 2004.

According to prosecutors, Hélio claimed he earned only $200,000 in that period. The feds claim he made $2 million alone in sponsorship deals with a Brazilian import-export company. (View the indictment.)

"Using offshore corporations for the purpose of evading taxes is a crime," says IRS Commissioner Doug Shulman. "This case sends a clear message that the IRS is committed to vigorously enforcing the lax laws and stopping offshore tax evasion."

Kati Castroneves and Miller also turned themselves in Friday, but did not enter a plea. They were ordered released on bail of $2 million and $250,000 respectively.

If convicted on all counts, the three face more than 30 years in prison each.

While Hélio was permitted to attend this weekend's race, he will have to skip an event in Australia later this month due to his travel restrictions.

Castroneves and partner Julianne Hough won the fifth season of ABC's Dancing With the Stars last November, sashaying their way by Melanie "Scary Spice" Brown and Marie Osmond.

He recently returned to Dancing as a special backstage correspondent for Entertainment Tonight.

(Originally published Oct. 3, 2008 at 11:51 a.m. PT.)

http://news.yahoo.com/s/eonline/20081006/en_tv_eo/32309

---------------------------------------------------------

Even with a lawyer involved, two time Indy 500 winner and Dancing with the Stars winner has trouble with IRS about this type of stuff.

Tread very carefully for sure.

Read about this. They got caught HIDING money. Busted.

[TheDoc]

Originally Posted by Mr. Cool Ice

If people are going down it is because they are doing something illegal. It's not rocket science. Easy to make it legit. But then again... this is GFY.

The entire setup in the idea of how this will be used, like above. Is 100% illegal. You can own a IBC or not, and have a foundation pay you. That is legal.

How you get that IBC/Foundation money - is illegal. Unless you setup, personally fund, grow, and expand, and buy your assets. It's not legal.

You can't take your money, move it, start being paid by a foundation, and not get nailed to the cross for it.

[TheDoc]

Like 99.999999999999% of the Adult Companies that have done this, just transfered the Domain Ownership to the IBC.

Umm... That's illegal - it protects NOTHING.

[Mr. Cool Ice]

Originally Posted by TheDoc

Yeppers, I know how it works, in detail. It may be legal to setup like this but it is not legal to move your money or assets to these offshore companies. It is not legal to use your U.S. company to fund/move promote/push, ect and get that Company money without the U.S. Company paying tax on it. - Private held, not owned, or owned by a Monkey - it's illegal.

If you are moving money from a U.S. Corp, to an IBC, to a foundation, which pays you tax free - that is tax evasion. Period.

And people "ARE" going down for this exact setup.

Done in that manner, you are 100% correct.

People are going down for THIS EXACT thing. But mostly because they do it all wrong from the get go and don't understand what they are doing.

Though for every 1 guy that goes down hard, there are 100 or 1000 that glide through and will continue to do so. Even done in a manner that is illegal it is still very low risk if one would choose to do such a thing.

Moving the $ from q USA corp to anywhere for any reason will get you looked at. Period.

You really have to live abroad and earn foreign income to take full advantage of the current tax system.

[Mr. Cool Ice]

Originally Posted by TheDoc

The entire setup in the idea of how this will be used, like above. Is 100% illegal. You can own a IBC or not, and have a foundation pay you. That is legal.

How you get that IBC/Foundation money - is illegal. Unless you setup, personally fund, grow, and expand, and buy your assets. It's not legal.

You can't take your money, move it, start being paid by a foundation, and not get nailed to the cross for it.

Of course not. What you explain is illegal and traceable. That is how people get caught.

[Mr. Cool Ice]

Hold on... IRS just called me. BRB...

[TheDoc]

Originally Posted by Mr. Cool Ice

Done in that manner, you are 100% correct.

People are going down for THIS EXACT thing. But mostly because they do it all wrong from the get go and don't understand what they are doing.

Though for every 1 guy that goes down hard, there are 100 or 1000 that glide through and will continue to do so. Even done in a manner that is illegal it is still very low risk if one would choose to do such a thing.

Moving the $ from q USA corp to anywhere for any reason will get you looked at. Period.

You really have to live abroad and earn foreign income to take full advantage of the current tax system.

If you want to use a foundation in the correct way, you take money, buy gold, convert it back to cash on the un-tracked market, and give it to yourself. This way your Foundation can have a gold reserve keeping your "value" of money real. Or use Non-Profit orgs to fund your Foundations, so you can earn an income from them.

That's what Foundations are for. using them to move your Corp money around to pay you, will get you caught. It isn't 1 getting caught and 1000's getting away with it. It's 1000's being caught and less and less every year getting away with it.

[TheDoc]

Originally Posted by Mr. Cool Ice

Of course not. What you explain is illegal and traceable. That is how people get caught.

I would bet your IBC didn't purchase your Domains/assets, pay tax on that, and then legally transfer them out of the U.S. - I'm sure very few of you guys did it this way.

So you thinking that you did something so it couldn't be tracked or a better way to do it, is pointless when the fact still remains it's illegal. If you hide it better than the next guy, great.. it's still illegal.

When you can do this in very legal ways, not taking short cuts, no reason to hide your money, assets, companies, or pay yourself through foundations. The entire reason you are doing this, can be done legally within our own Country.

The time/money spent on doing this would be no different if you spent the time/money to do it within your own borders and/or took the several several years it takes to actually do this correctly, if you are already setup and going.

[Mutt]

it's all illegal - and those who have shady lawyers/accountants telling you it's 'gray area' -they won't be returning your calls when you get audited.

Every country's tax department has a snitch program - all it takes is an ex-wife, ex-gf, ex-business partner or employee to give them the scent.