That would mean I want specific tax advice, but no I'm not interested in that.
What a bunch of retards, lacking logic, can't read yet they act smart.
My problem is not making money, is the taxes
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That would mean I want specific tax advice, but no I'm not interested in that.
What a bunch of retards, lacking logic, can't read yet they act smart.
Whoa, calm down there big guy. International taxation is a little more nuanced than ranking 4 slice toaster sites. The hilarious part is that despite your misguided arrogance, a few posters (including Joe) were trying to point you in the right direction but it went right over your head.
But hey, voluntarily subjecting yourself to one of the most draconian tax regimes known to the western world instead of actual tax havens because its "easier to do business", attempting to decipher the most complex tax legislation ever created without even the most rudimentary grasp of simple tax concepts, formulating a hypothetical tax strategy that a high school student would find laughable, and ballin on 30k a month that you haven't earned yet sounds like a good plan as well.
Oh, I'm sorry. Here's a good vague tax advice: just go offshore and save taxes. Everything will be fine.
GLB!
I guess they were trying to help but its quite difficult to justify calling that the right direction
Taxation in EU is very different from whatever you guys have in the US... Take Gozo/Malta for example - very few people with businesses "here" pay more than 5-10% in tax on their profits. Some pay nothing.
Advice? Walk into PwC or any other big four office and set up an appointment. Go in and tell them your situation and that you are looking to minimize tax (not avoid it - that's fucking stupid). They will give you your options and that's that. It's up to you what you do next.
If you have a lot of capital invested somewhere - this place is literally perfect for that. For IM/other "flexible" business models - pretty good. If you run a shop or a similar business things get a little trickier.
......
Advice? Walk into PwC or any other big four office and set up an appointment. Go in and tell them your situation and that you are looking to minimize tax (not avoid it - that's fucking stupid). They will give you your options and that's that. It's up to you what you do next.
If you have a lot of capital invested somewhere - this place is literally perfect for that. For IM/other "flexible" business models - pretty good. If you run a shop or a similar business things get a little trickier.
......
But asking a bunch of gay webmasters for vague advice sounds like a better idea to you?
Definitely. I don't rely on this thread at all, just opened it so maybe I get any ideas but I'm not expecting anything solid or specific. I also know that info like tax schemes aren't easy to get.
On the contrary I think international tax schemes are pretty simple and the confusion comes from the idea that you can legally avoid tax or rather, that it matters whether something is legal or not.
Legality isn't important at all.
All that matters is if you're able to sufficiently obfuscate discovery in the first place and second if you're able to spread your setup across as many jurisdictions as possible.
Nation states are all narcisistic users, but there is one thing they dislike more than their own citizens trying to do their own thing and that is a foreign entity trying to tell them what to do.
Therefore, it is simply a question of having enough buffers in enough different countries to make trying to follow the money too much of a nuisance for the tax man and second to make the legal work too complicated and annoying to make them want to attempt it.
Contratry to popular belief, your own country has very little power outside its own borders, unless it is the US.
Just get enough shell companies owning each other in enough different jurisdictions, that is the only proper way to do things.
Take this advice at your own risk though.
Legality isn't important at all.
All that matters is if you're able to sufficiently obfuscate discovery in the first place and second if you're able to spread your setup across as many jurisdictions as possible.
Nation states are all narcisistic users, but there is one thing they dislike more than their own citizens trying to do their own thing and that is a foreign entity trying to tell them what to do.
Therefore, it is simply a question of having enough buffers in enough different countries to make trying to follow the money too much of a nuisance for the tax man and second to make the legal work too complicated and annoying to make them want to attempt it.
Contratry to popular belief, your own country has very little power outside its own borders, unless it is the US.
Just get enough shell companies owning each other in enough different jurisdictions, that is the only proper way to do things.
Take this advice at your own risk though.
When you live in the EU, run an online business, are looking to minimize taxes, are scared to make money because you have to pay taxes, and you want to incorporate in the U.S. because its "easier to receive payments" - any other direction is the right direction.
Meeting With My Tax Guy Today So He Can Tell Me What A Dumb Fuck I Am. I probably make more than he does.. to bad I claim the fucking IRS as a dependent (basically)
This is true, however keep in mind that there is one main risk that you can't eliminate: the bank account. Every legitimate bank, offshore or not, will require you to give up your identity. They want to know who you are. This is a great risk as you have no idea how the bank stores the data and what they do with it.
There have been some cases of leaked bank data and a lot of people had to answer very unpleasant questions when they got their offices and private properties raided. There are a few countries out there that are buying leaked offshore bank data to track down tax evaders. It's great publicity for them and this strategy leads to thousands of people turning themselves in to face lower penalties because they think that they might show up on that disc.
End of the story is that you shouldn't fuck with the government if you want to sleep tight at night. If you don't want to pay any tax at all it's better to give up your residency and never come back in the near future.
I think it's quite impossible to evade tax and live stress-free at the same time. There might be ways like moving around or keeping money in countries that don't like to cooperate with other countries. But again, I'm clueless on this subject at the moment.
No one should look to evade tax because it's clear the gov will not let you live (there is the possiblity to evade tax but that would mean you should act like you make no money, what's the point then). 40% or 75% is a fucking rip off but you don't have to pay all that, there are ways to minimize it. So pay decent tax (so the gov will be happy), don't evade it and you'll be able to live.
No one should look to evade tax because it's clear the gov will not let you live (there is the possiblity to evade tax but that would mean you should act like you make no money, what's the point then). 40% or 75% is a fucking rip off but you don't have to pay all that, there are ways to minimize it. So pay decent tax (so the gov will be happy), don't evade it and you'll be able to live.
That is correct, move out of the country to a less parasitic place. It doesn't mean you can't come back though. Most countries have the 180 day rule and then additional rules regarding how much work you're allowed to do when back before you are liable. What that means is that you can still spend a lot of time in your own country even though you live abroad. This makes moving to a different European country much more appealing if you're in the EU. Sports stars do this all the time by taking residence in Monaco but spending most of their free time in their home country. Eventually European tax rates will go down massively, so it's not like you're going to have to go into exile for decades.
Your fair share of my money is zero. The same goes for every other parasite and government.
I didn't read the whole thread, so somebody might have mentioned this before:
Regarding US taxes, I hope you are aware that your list only shows the state taxes, and there is also a hefty federal tax on top of that, which can be around 40% (?).
Also, an US citizen is taxed by his citizenship and not by his residency (might be new to you as you are from EU). Further, you are taxable in US even 10 years after you abolished your citizenship. In light of that, US taxation is the worst that can happen to you.
I'm an EU citizen as well and I left my country (and friends and family..) years ago for lower taxes, only to learn the hard way that bad spending habits and risky investments can be worse than any taxation..
Edit: I presume you aren't from eastern europe, where such matters are less.. strict..
Regarding US taxes, I hope you are aware that your list only shows the state taxes, and there is also a hefty federal tax on top of that, which can be around 40% (?).
Also, an US citizen is taxed by his citizenship and not by his residency (might be new to you as you are from EU). Further, you are taxable in US even 10 years after you abolished your citizenship. In light of that, US taxation is the worst that can happen to you.
I'm an EU citizen as well and I left my country (and friends and family..) years ago for lower taxes, only to learn the hard way that bad spending habits and risky investments can be worse than any taxation..
Edit: I presume you aren't from eastern europe, where such matters are less.. strict..