Quote:
Originally Posted by Site Collector
The idea sounds good but I am sure there are legal ramifications if the sites producing the income are based in the United States. No way to get around Uncle Sam, so no point in hiding the money somewhere else in my opinion. Getting caught would be more costly than just paying the taxes.
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I agree, they would still have to pay taxes as normal this would be totally legal I think.
The purpose is because is my country our dollar is rising and in the US it is dropping. So convert it here and let it sit for later in life.
Like a saving account based on another countries dollar.