How the rich hide money
- Thread starter GAMETHEORY
- Start date
Pretty it's possible
Just buy tax free bonds
.....
Pretty much
remember
TAX AVOIDANCE is ILLEGAL
but
TAX EVASION is LEGAL
In America it's the opposite.
Barbados and the Cayman's are the way to go other than that buy pure
gold anonymously and stick it somewhere safe and quiet.
gold anonymously and stick it somewhere safe and quiet.
Cool for other countries, but what about FATCA for the 'free' American folks....
http://www.worldfinancialreview.com/?p=616
They taking government pimping up a level.
http://www.worldfinancialreview.com/?p=616
They taking government pimping up a level.
Couple of things:
1. Its stupid to think that by simply having an offshore Trust/IBS or Account is illegal
2. My signature tells you the safest way to do it in BVI
3. You should ask any question if you dont understand something
,,,
there are ways to protect assets by doing things legally right in the IRS's face. No need to send money have trusts set up in other countries unless you are a business.
As an individual, look into having a 508(c)(1)(a) along with trusts under that denomination for each asset you own, like a house, a car or whatever.
Sometimes the best way to play a game is not by avoiding them but to play exactly in their playground using their rules...
As an individual, look into having a 508(c)(1)(a) along with trusts under that denomination for each asset you own, like a house, a car or whatever.
Sometimes the best way to play a game is not by avoiding them but to play exactly in their playground using their rules...
Glossary
Ultimate beneficial owner, beneficial owner, beneficiary
The person who is the true owner of a company and/or a bank account. In the offshore world, the identity of beneficial owners is often kept secret.
Nominee directors
Stand-ins who control a company on paper but exercise no real authority over its activities.
Nominee shareholder
A person who is listed as a shareholder on a company’s documents but has no real power over the company or claim to its assets. This is common practice in offshore financial structures to hide the identity of the real owner.
Intermediary
A go-between for someone seeking an offshore corporation and an offshore service provider -- usually a law-firm or a middleman that asks an offshore service provider to create an offshore firm for a client.
Power of attorney
Authorization given to a person to represent the offshore company. It can confer rights that include managing the company without any limitation, carrying out contracts, purchasing products and borrowing or lending money. Each authorization notes which powers are granted to the person who will act on behalf of the company and whether they are general or specific.
Bearer shares
Whoever physically holds a certificate of shares is considered the owner of the shares. Bearer shares provide one of the deepest levels of secrecy. Many countries have banned bearer shares because they are considered a facilitator of tax evasion and money laundering.
Ultimate beneficial owner, beneficial owner, beneficiary
The person who is the true owner of a company and/or a bank account. In the offshore world, the identity of beneficial owners is often kept secret.
Nominee directors
Stand-ins who control a company on paper but exercise no real authority over its activities.
Nominee shareholder
A person who is listed as a shareholder on a company’s documents but has no real power over the company or claim to its assets. This is common practice in offshore financial structures to hide the identity of the real owner.
Intermediary
A go-between for someone seeking an offshore corporation and an offshore service provider -- usually a law-firm or a middleman that asks an offshore service provider to create an offshore firm for a client.
Power of attorney
Authorization given to a person to represent the offshore company. It can confer rights that include managing the company without any limitation, carrying out contracts, purchasing products and borrowing or lending money. Each authorization notes which powers are granted to the person who will act on behalf of the company and whether they are general or specific.
Bearer shares
Whoever physically holds a certificate of shares is considered the owner of the shares. Bearer shares provide one of the deepest levels of secrecy. Many countries have banned bearer shares because they are considered a facilitator of tax evasion and money laundering.
