what you say you are hearing as the problem is part of the strategy itself. Entities loan to other entities all the time.
Offshore Trusts, Accounts & Tax Arrangements: Best solution for Black entrepreneurs/businesses
- Thread starter GAMETHEORY
- Start date
The world contains about 60 secrecy jurisdictions, or tax havens, which can be divided roughly into four groups: a set of continental European havens, a British zone of influence centered on the City of London and loosely shaped around parts of Britain’s former empire, a zone of influence focused on the United States, and a fourth category holding unclassified oddities like Somalia and Uruguay.
The European havens got going properly from the First World War, as governments raised taxes to pay for their war costs. Switzerland’s famous secrecy law, making violation of banking secrecy a criminal offence for the first time, was enacted in 1934 in response to a French tax evasion scandal, though Geneva bankers had sheltered the secret money of European elites since at least the eighteenth century.13 Picturesque, little-known Luxembourg, specializing since 1929 in certain kinds of offshore corporations,is among the world’s biggest tax havens today:
Well over $2.5 trillion is parked offshore in Luxembourg. In March 2010 South Korean intelligence officials indicated that North Korea’s “Dear Leader” Kim Jong-Il had stashed some $4 billion in Europe—profit from the sale of nuclear technology and drugs, insurance fraud, counterfeiting, and projects using forced labor; Luxembourg, they said, is a favored destination for the money.
The European havens got going properly from the First World War, as governments raised taxes to pay for their war costs. Switzerland’s famous secrecy law, making violation of banking secrecy a criminal offence for the first time, was enacted in 1934 in response to a French tax evasion scandal, though Geneva bankers had sheltered the secret money of European elites since at least the eighteenth century.13 Picturesque, little-known Luxembourg, specializing since 1929 in certain kinds of offshore corporations,is among the world’s biggest tax havens today:
Well over $2.5 trillion is parked offshore in Luxembourg. In March 2010 South Korean intelligence officials indicated that North Korea’s “Dear Leader” Kim Jong-Il had stashed some $4 billion in Europe—profit from the sale of nuclear technology and drugs, insurance fraud, counterfeiting, and projects using forced labor; Luxembourg, they said, is a favored destination for the money.
I read a post last year on money @msn speaking of loop hole top CEO use, in the comments just like this post people were hopping mad about it. It doesnt make any sense NOT to use loopholes that are available. To be honest im using the term loopholes incorrect, these were legal way to pay use taxes. however its like you going to the mall and buying a jacket. Another person goes to the same mall buys the same jacket but he has a coupon for 20 percent off. Now why would you get mad at the person who got a discount?
Its not that the person who saves 20 percent is a crook, it mean your just stupid for not doing research to try and get a better price.
Its not that the person who saves 20 percent is a crook, it mean your just stupid for not doing research to try and get a better price.
word...
So you made a thread just to bump this anyway?????Fuck is your dysfunction???
If we don t get our own economy we re done
Facebook to pay NO tax for 2012 and will even get tax refund of $429m despite $1BN profits
http://ctj.org/ctjreports/2013/02/f..._break_slashes_income_taxes_on_facebook--.php
http://ctj.org/ctjreports/2013/02/f..._break_slashes_income_taxes_on_facebook--.php
Here is how apple does it:
Apple was a pioneer of an accounting technique known as the “Double Irish With a Dutch Sandwich,” which reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean. Today, that tactic is used by hundreds of other corporations — some of which directly imitated Apple’s methods, say accountants at those companies.
http://www.nytimes.com/2012/04/29/b...x-states-and-nations.html?pagewanted=all&_r=0
Apple was a pioneer of an accounting technique known as the “Double Irish With a Dutch Sandwich,” which reduces taxes by routing profits through Irish subsidiaries and the Netherlands and then to the Caribbean. Today, that tactic is used by hundreds of other corporations — some of which directly imitated Apple’s methods, say accountants at those companies.
http://www.nytimes.com/2012/04/29/b...x-states-and-nations.html?pagewanted=all&_r=0
I see a lot of rich investors giving up their citizenship to evade a tax hit.
Do you have to declare citizenship with another (tax free nation) to setup the account?
Just asking.
Edit: If I go abroad and get a post office box, I can route my tax through that country....interesting.
Thanks, that was an insightful article.
guys....
just check this out
I hope someone from BGOL will post the articles here before named individuals take legal action against this website
btw
I can find hard copy of this:
http://www.icij.org/offshore
just check this out
I hope someone from BGOL will post the articles here before named individuals take legal action against this website
btw
I can find hard copy of this:
http://www.icij.org/offshore
Yeah but you ain't telling us WHICH countries to do this in...like a layman's over view and be realistic, average joe doesn't have the skill set to understand a lot of the business, taxation and econ logistics of moving money around to save 30% in taxation and get that money BACK in here without detection. A LOT of this shit happens with inside help...quit making it seem like this is some everyday kinda moves to make. You gone have to grease some palms along the way.
I guess its a good read at any rate...who's going to disiminate this info to black business owners with at least $250k+ to move to even make it worth their while?
I use loopholes in my personal taxes and business taxes. and yeah mofos are stupid, especially poor republicans...and I mean poor by white folks standards, since their average net worth per person is $100k. Not per household...per PERSON. Inherited wealth has done them well.
The average black person's net worth is $4400.
THIS. I mean its a good read but...OP need to be for real with these niggas and tell they asses that. I imagine the foreign black business men know this, especially them Nigerians in Houston in the oil and gas industry...
Shout out to the resident BGOL fam of ex-pats and offshore accountants.
This thread got exponentially better from page 1 to page 2. Lot of good stuff that I knew about, but finally learned how it worked.
Man, we can do the same thing they do. Just got to focus because you know they made it for us not to find out. Can't focus on the past, just look at the opportunities we can make for the future.
This thread got exponentially better from page 1 to page 2. Lot of good stuff that I knew about, but finally learned how it worked.
Man, we can do the same thing they do. Just got to focus because you know they made it for us not to find out. Can't focus on the past, just look at the opportunities we can make for the future.
.......
.........
I am from Anguilla and have been forming companies and corporations for Americans and others for over 20 years. Hit me on the pm if you are serious only. I will tell you this much that it costs a bit less than $2000 USD to initially form the corp but then after that annual dues are less than $500 USD per year. Is worth it because you will save a LOT more than that and there is nothing illegal about it neither.
anyone seen the new aljazeera documentary on this?
..........
Their are armies of professional advisers whose sole purpose is to drive down ETR%s. Good ones earn EUR2 million per annum. They are simply too smart for the politicians and the mandarins. Some relatively small fines will be paid (<$100m) and then the next loophole will be created (by politicians) and mined (by the advisers to the elite). Tax is a mechanism employed by the elite for keeping the middle class in the middle.
Why does your faggit ass keep calling black people "blacks"
so thats why americas deficit keeps growing,
these leeches keep taking tax dollars out the country
and still get tax breaks..
these leeches keep taking tax dollars out the country
and still get tax breaks..
....
bump...bc I still want to learn how to get money off shore. I thought about opening an account with HSBC (hong kong shang high bank of china) I don't know if that's what it stands for but I know they were growing like hell in the USA then one day said fuck it we out and left a few straggler branches here and there.
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.
Last edited:
who is she............one of those not so bright guys!
I read the excerpt, It's a great read… Propsu hope im wrong? ok.
i think that's a dope field if u have a way to diffrenciate urself from ur comp and have a strong network or way to drive new business. more power to ya.
found the book. check page 13 halfway down. i bet its a useful/good read even if u dont actually put the shit to use. like 48 laws...