How Much Would American Warriors Like to Avoid Taxes?
I started to research the issue more closely and in doing my research, I've noticed a few ways to potentially avoid the problems of "foreign controlled corporations" for "U.S. Persons," in the event they are ready, willing and able to partner with a "non-U.S. Person" in their future online ventures, or use a potentially unique idea of mine to create a "non-U.S. Person" out of thin air who the IRS might not like, but would likely respect, and given the tax treatment of corporate income in certain favorable jurisdictions, and the treatment of "international communications" income i.e. membership website income for example, or e-books sold through a website, or potentially even affiliate marketing income earned through an overseas business advertising someone else's products on a website, it occurred to me, A) there might be some value in the information I've been learning, and the strategies I've been devising for people who are building successful Internet businesses who wouldn't mind taking a salary and leaving a portion or the lion's share of their profits untaxed in a bank account overseas, and B) people without credentials like a New York law license seem to be charging a lot of money to help people do these things the wrong way from places in Caribbean that certainly look appealing to a guy who has dealt with Upstate New York winters for most of his life.
I guess what I'm asking is, A) is anyone out there making enough money online today that they wouldn't mind paying themselves the first $50K they make in a salary and paying taxes on that, while keeping the rest of the money untaxed in an offshore tax haven while they build up a nest egg, and B) if there are people in that category, or people who are building a business that they believe will put them in that category who are willing to shell out some money for an education about how to structure their operations to legally reduce their tax burden?
Keep in mind the initial research is focused on U.S. persons, but I have started a cursory search of issues regarding the U.K. as well. I will say that the U.K. rules at first glance appear more concerned with British companies using offshore subsidiaries, and less concerned with British subjects owning foreign companies, but my U.K. research is just starting, and my U.S. research is pretty far along, but still somewhat in it's infancy in terms of creating an outline for a book or anything like that.
Anyone interested in this kind of reading material?
Also any potential non-U.S. partners for this kind of venture out there?
A U.K. trained Barrister or Solicitor and a New York lawyer working together in an International Financial Services company operating somewhere in the Caribbean while paying the lion's share of their earnings to their affiliate marketing company from another jurisdiction that also promotes e-books on tax avoidance and asset protection strategies as we spend most of our days lounging by the beach with a cold drink in our hands sounds appealing to me.
Automation is the primary conduit to successful relaxation
Automation is the primary conduit to successful relaxation
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The Nuts and Bolts of Starting-Up and Running a Successful Membership Site
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Tim Pears
I can help relieve your work load.Pm me
I can help relieve your work load.Pm me
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