Why people always look to cheat in tax with a Offshore company?

[wosniak]

I have read this forum and some few others where all posts made about offshore companies comes down to one thing, they want to cheat in TAX or let's say avoid tax.


This is illegal in most countries why start a business on basis of illegal ground :S -confused:

 

[JohnLocke]

Difficult answer, but I believe most are going for the privacy and anonymity an offshore‌ company offers rather than tax evasion.

If the offshore company is structured correctly it is‍ even not necessary to even try to cheat in taxes.

 

[wonderwilly]

Why pay tax if you don't need so?

 

[JohnLocke]

That's true‌ but why do you want to hide and keep your business secret if not needed‍ because you can set up the offshore company legally and still the company can avoid⁠ to pay tax.

 

[wosniak]

Does it apply for all offshore companies that they don't pay tax?

 

[JohnLocke]

Not all, but most don't, however, the problem is that in most countries you as‌ the beneficial owner of the offshore company need to declare the companies tax in your‍ local country.

 

[blainchain]

I don't look for to cheat in Tax!! I need privacy and no one to‌ see who Iam are.

 

[JohnLocke]

For privacy and anonymity you have a wealth of options available, Seychelles and Cyprus are‌ such jurisdictions which offer both where the Seychelles is the fastest and cheapest to register‍ a offshore company.

 

[wosniak]

You are the few that are‍ thinking like that:thumbsUp:

 

[blainchain]

Tax minimizing is the key not tax evasion 🙂

 

[JohnLocke]

Second that...‌ one will need to look into possibilities to minimize tax and not just try to‍ avoid it...

 

[blainchain]

Look at Greece at the moment so you know why people don't want to pay‌ tax 😀

 

[blainchain]

hmmm, why do you say so... do you actually‍ know what this is all about in Greece thumbsdown

 

[JohnLocke]

Sorry, but I don't understand your comment, please elaborate‍😕

 

[stuntbiker]

The reason for why Greece has troubles is because they didn't collected tax, so you‌ should rather incorporate a onshore company in Greece and pay plenty of tax to help‍ the country there 🙂

 

[wosniak]

Thank you all for replies. I figured out the reason 🙂

 

[dwilson]

Tax Avoidance

Tax avoidance by legal means has been confirmed by the US Supreme Court‌ as an unalieanable right! It your right as a person to seek any legitimate tax‍ remedy available to you.

 

[wonderwilly]

That was helpful dwilson...seems you are a very knowledgable person in offshore company structures.

 

[dwilson]

Thanks for the compliment goog.

 

[pesto]

I couldn't agree more with the sentence above⁠ 🙂