GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Please explain 'tax minimization' legit techniques through offshore corps

Adraco · 08-21-2012, 05:29 AM

It's all very easy.
Setup a Panama company, or almost anywhere else where taxes are low or even zero. Then that company bill your legit, US based normal day to day operation, with invoices and all, for "consultancy services" and it just so happens that those invoices for "consultancy services" amounts to just about your yearly net profit. So you are basically moving the profit, which would be taxes with US taxes, out of the country and into a company which sees much lower taxes on its profits.

You can also set things up so that the Panama company ownes copyrights, brands, domains and such, and your US based company pay licensing fees to use the domains, brand names and other intellectual properties. Again, it just so happens,that the licensing fees, royalties and all amounts to just about the yearly net profit of the US based company.

That way you can take part of all tax deductions and stuff in the US, like business expenses and whatever not and then move the profits offshore and then cash out with much lower taxes.

To get a fully legal setup of the above basic scheme, go see a CPA or wealth management division at one of the largest banks. Do not fall for the millions of "start-your-own-offshore-company-we-promise-it's-legal-and-we-will-help-you" websites, which all claim to do it for about $1000 and up.

08-21-2012, 05:29 AM
Adraco Confirmed User Industry Role: Join Date: May 2009 Location: Onboard an airplane around the globe Posts: 3,734	It's all very easy. Setup a Panama company, or almost anywhere else where taxes are low or even zero. Then that company bill your legit, US based normal day to day operation, with invoices and all, for "consultancy services" and it just so happens that those invoices for "consultancy services" amounts to just about your yearly net profit. So you are basically moving the profit, which would be taxes with US taxes, out of the country and into a company which sees much lower taxes on its profits. You can also set things up so that the Panama company ownes copyrights, brands, domains and such, and your US based company pay licensing fees to use the domains, brand names and other intellectual properties. Again, it just so happens,that the licensing fees, royalties and all amounts to just about the yearly net profit of the US based company. That way you can take part of all tax deductions and stuff in the US, like business expenses and whatever not and then move the profits offshore and then cash out with much lower taxes. To get a fully legal setup of the above basic scheme, go see a CPA or wealth management division at one of the largest banks. Do not fall for the millions of "start-your-own-offshore-company-we-promise-it's-legal-and-we-will-help-you" websites, which all claim to do it for about $1000 and up. __________________ ---------------------------------------------------------------------------------- The truth is not affected by the beliefs, or doubts, of the majority.