Anyone Have Experience With Tax Havens?

SaSeoPete · 01-12-2009, 05:03 AM

Hey all,

I am starting to make some decent cash online now, and I have started to research some tax havens. There are tons of places that seem great, however it's pretty scary thinking that if you get it wrong all your money can "disappear".

There are some reputable companies (well they look that way anyway) that for a fee will sent you up with a company name etc. so you can escape taxes.

One of the draws (apart from the obvious) is that these havens are in some of the most beautiful places in the world, which I would move to in a heartbeat.

Does anyone around here do this?

Pete

artwebster · 01-12-2009, 08:25 AM

Tax havens are being slowly killed off as the revenue departments of many governments crack down on tax evaders.

Tax evasion, in most countries, is a crime.

Tax avoidance in most countries is an art.

If you are truly making enough money to consider the use of a tax haven, you need to seek local professional advice because it is much safer to legally avoid tax than it is to illegally evade it.

Darek · 01-12-2009, 09:28 AM

Most tax havens do not allow you to have a tax free income if you are a resident there.

01-12-2009, 05:03 AM	#1
SaSeoPete Advanced Warrior War Room Member Join Date: Sep 2008 Location: Cape Town & Sydney Posts: 649 Thanks: 219 Thanked 76 Times in 58 Posts Contact Info	Anyone Have Experience With Tax Havens? Hey all, I am starting to make some decent cash online now, and I have started to research some tax havens. There are tons of places that seem great, however it's pretty scary thinking that if you get it wrong all your money can "disappear". There are some reputable companies (well they look that way anyway) that for a fee will sent you up with a company name etc. so you can escape taxes. One of the draws (apart from the obvious) is that these havens are in some of the most beautiful places in the world, which I would move to in a heartbeat. Does anyone around here do this? Pete

01-12-2009, 08:25 AM	#2
artwebster Brutal honesty's me Join Date: Sep 2008 Location: Coín, Spain Posts: 1,032 Blog Entries: 4 Thanks: 33 Thanked 251 Times in 138 Posts Social Networking Contact Info	Re: Anyone Have Experience With Tax Havens? Tax havens are being slowly killed off as the revenue departments of many governments crack down on tax evaders. Tax evasion, in most countries, is a crime. Tax avoidance in most countries is an art. If you are truly making enough money to consider the use of a tax haven, you need to seek local professional advice because it is much safer to legally avoid tax than it is to illegally evade it.
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01-12-2009, 09:28 AM	#3
Darek HyperActive Warrior War Room Member Join Date: Apr 2005 Location: Makati, Philippines Posts: 167 Thanks: 5 Thanked 2 Times in 2 Posts Contact Info	Re: Anyone Have Experience With Tax Havens? Most tax havens do not allow you to have a tax free income if you are a resident there.
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