Page By Category
Forum - How do the Rich/Wealthy and the Corporations hide their money in the offshore Ba
[ Add Tags ]
| [ Return to General Discussion | Reply to Topic ] |
| mikejohnson | Posted: Apr 11, 2011 - 15:52 |
| ||||
 Level: 1 CS Original | How do the Rich/Wealthy and the Corporations hide their money in the offshore Banks to avoid paying taxes ? | |||||
| #1 | [ Top | Reply to Topic ] | |||||
| Muertos | Posted: Apr 11, 2011 - 17:40 |
| ||||
 Paid Disinformation Blogger Level: 14 CS Original | Banks: by holding deposits in banks located in jurisdictions with less stringent (or nonexistent) disclosure requirements. Switzerland, Barbados, and the Cayman Islands are the usual havens. Corporations: by organizing beneficial ownership of companies or property in shell or holding entities located in offshore jurisdictions. These are popular (and legal) all over the world, but right now I understand Ireland is a hot one. | |||||
| #2 | [ Top | Reply to Topic ] | |||||
| Brenton | Posted: Apr 11, 2011 - 18:27 |
| ||||
 Level: 0 CS Original | The most unknown (and best) haven is Liechtenstein. | |||||
| #3 | [ Top | Reply to Topic ] | |||||
| Evil Elvis | Posted: Apr 12, 2011 - 03:58 |
| ||||
 STFU! Level: 1 CS Original | Unknown to whom? Lichtenstein lives on lawyers and banks, nothing else. The most unknown and very best is Shanghai. | |||||
| #4 | [ Top | Reply to Topic ] | |||||
| Brenton | Posted: Apr 12, 2011 - 04:04 |
| ||||
Level: 0 CS Original | It also lives off a lot of foreign companies, too - that provide about 30% of it's state revenue. | |||||
| #5 | [ Top | Reply to Topic ] | |||||
| Evil Elvis | Posted: Apr 12, 2011 - 04:16 |
| ||||
STFU! Level: 1 CS Original | Hence the lawyers that serve as the only employees in company representative offices. I know a guy who is in fact acting general manager for several different corporations. Lichtenstein has been doing this for decades. | |||||
| #6 | [ Top | Reply to Topic ] | |||||
| CyborgJesus | Posted: Apr 12, 2011 - 04:26 |
| ||||
 Level: 6 CS Original | Well, it's still illegal. Just put your assets in shell companies, tunnel out through Ireland and the Netherlands, charge high licensing fees to the mother company and you're legally tax-free, or close to it. | |||||
| #7 | [ Top | Reply to Topic ] | |||||