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Legally you still have to pay your taxes when offshoring or you could be in trouble if the taxman finds out. But Delaware is Corporate haven. Planet Money did
by rat87 10y ago
Legally you still have to pay your taxes when offshoring or you could be in trouble if the taxman finds out.
But Delaware is Corporate haven. Planet Money did an episode on this
http://www.npr.org/sections/money/2016/03/16/470722656/episode-390-we-set-up-an-offshore-company-in-a-tax-haven http://www.npr.org/sections/money/2016/03/16/470722656/episo...
> Easiest place in the world to register a business anonymously is definitely the United States. The four sort of most lax states are more particularly Delaware, Nevada, Wyoming and Oregon.
...
> And again, we found that in places like the Cayman Islands and the British Virgin Islands and Jersey and then in one of the Channel Islands, we were very, very strict, and, you know, people email back and say, look, we'll sell you a company, but you must send us a scanned notarized copy of the picture page of your passport so we can keep it on file so we know who you are. But in the United States, the answer was, sure, this should take you about 10 minutes. Just fill, you know, fill in the details of the company you want on the website, transfer the money, and we'll send you the company today. I think it would be interesting if you tried to set up a company and compare how many documents they asked for compared to how many of the people in Belize are asked for.