I've heard a few people talk about setting up offshore companies and bank accounts to do their online sales through... I was wondering if anyone here has actually done this? Basically as I've heard it, they setup a legal entity in a tax haven, get a merchant account for that offshore company and do their online sales through it to avoid paying US taxes. While this seems shady at best, and possibly illegal at worst, I know nothing about it. If there is a legitimate way to do this, I would love to hear about it.