21 ms·
This sounds like only the first leg of the scheme. How do you actually get money you earned into these bank accounts? I guess you could have your offshore compa
by heptathorp 10y ago
This sounds like only the first leg of the scheme. How do you actually get money you earned into these bank accounts? I guess you could have your offshore company charge some bullshit consulting or IP licensing fees and deduct that amount but then that just sounds like plain old tax fraud.
- eonw 10y agousually its treated as a holding company, it can then buy your current assets at low cost. it could also be a management company that(optionally) manages that holding companies holdings and collects fees. you then use the income to invest in other countries so the income never comes back through your home country. you can work for your company for free, so any services you do for its clients, can pay directly to it. its not overly complicated as long as you know and understand the rules in each stop along the way and its perfectly legal.