Quote:
Originally Posted by brand0n
what if you arent trying to use it as a tax heaven, just trying to do adult biz?
im sick of stupid 2257 bullshit and have been considering panama.
id still pay my us taxes, but open a shell for 2257 bs
|
Thinking...... and assuming you have US citizenship brand0n.
There is nothing actually illegal about owning OS corps or bank accounts. The "illegal" element (at least with US folks) is not reporting income and, not sure of the exact wording, but showing an interest in whatever corps.
OK.. Will throw this one for consideration
You get a formation agent to form a corp with nominee directors. This corp never trades or has any bank accounts or assets - ie there would be no reporting requirements to any US agency.
If any enquiries were made into that corp - this would be a dead end since the laws of Panama (and almost all other OS jurisdictions) do not allow fishing expeditions or prying into corps. There are also no public records or filings which would have your name. I'd seriously doubt any US investigator would be interested in persuing this since he/she is not going to get far - it's too messy with cross-border jurisdictional problems and USC 2257 is not in the league of "crime" to which a MLAT (Mutual Legal Assistance Treaty) would apply.
The other factor which is prob relevant to seal up all avenues/liability is the hosting jurisdiction (ie that hosting is not in the US).
Other factor is how much this is worth - the cost of a corp would prob be around $800 max (with nominee dirs) and there is an annual tax of $350/year to the Panamanian govt.