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06-23-2010, 09:36 AM
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#1 (permalink) |
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ゲイウェブマスター
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offshoreing your business for tax advantage?
I'm getting into AF and just wondering if anyone has set up a system offshore so there are no implications for tax? Or reduced implications. I can expect to pay 50% tax on anything I make here in the UK so looking at setting up the affiliate money making idea offshore.
As it's all on the internet this should be easy, of course nothing every is. advice please |
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06-23-2010, 10:12 AM
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#2 (permalink) |
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Extreme Ultra VIP
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My suggestion is don't. If you're doing it only to reduce the amount of tax you're paying then it's clearly evasion (as opposed to minimisation). If you get caught you will probably go to jail.
Just do what the rest of us do, legally minimise as much as possible. Create a company, all explainable purchases become expenses - eg. you need a new $5k DSLR camera to take product shots for your website. You need a 65 inch LCD TV to display presentations to potential clients at your home office. You need the new 5 series BMW to visit clients, etc. etc. etc.
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