I live in Europe but i also have Brazilian residency so i pay tax in both places.
I would like to open an offshore and not be reported by CRS in Europe for tax purposes.
I have investments in Brasil but i want to transfer this to an offshore in a tax free country and invest through USA.
This option below works?
1- leave Brazilian jurisdiction and not pay tax there anymore so i can open an offshore in a tax free country with Brazilian documents and address. Like that just Brazil will be reported, right? If i leave the tax jurisdiction i don't need to report to the taxes anymore! They can ask me about this offshore even if i am not taxed there anymore?
I would like to open an offshore and not be reported by CRS in Europe for tax purposes.
I have investments in Brasil but i want to transfer this to an offshore in a tax free country and invest through USA.
This option below works?
1- leave Brazilian jurisdiction and not pay tax there anymore so i can open an offshore in a tax free country with Brazilian documents and address. Like that just Brazil will be reported, right? If i leave the tax jurisdiction i don't need to report to the taxes anymore! They can ask me about this offshore even if i am not taxed there anymore?