Ask a jew. Most jews have dual passports. In country A they say they pay in country B, and in country B they tell they pay in country A.
And if they get caught they tell the money was from a relative that lives abroad.
Living on a boat and avoiding taxes
- Thread starter Fishbird
- Start date
Ask a jew. Most jews have dual passports. In country A they say they pay in country B, and in country B they tell they pay in country A.
And if they get caught they tell the money was from a relative that lives abroad.
For an investment of approx. $250,000 USD you can get a perm resident and I believe a dual passport in Panama. Say you buy a beautiful flat overlooking the ocean for about $300k USD, there's your investment.Panama is nice, reasonably priced, unlike Costa Rica, and first rate high speed internet. There's a person on this board that trades from Dominican Republic. Can you tell I am considering it, hmm? I agree the boat would cost more than it's worth. Even a Sun Seeker mini Yacht is going to run atleast 2 million USD. Here's a question. If I move overseas somewhere, and make more than 80k how is the IRS going to catch me? I know about the FATF and OECD, but can they catch a small fish like me?
Dandx it depends on your broker.If your account is with a US broker then they are going to send info to the IRS.
Maybe some IB experts can answer this.If you travel to Hong Kong and open an IB account there would you have to give a Hong Kong address?I presume that if you give a non US address and do not state you are a US citizen then they do not send info to uncle sam?
Maybe some IB experts can answer this.If you travel to Hong Kong and open an IB account there would you have to give a Hong Kong address?I presume that if you give a non US address and do not state you are a US citizen then they do not send info to uncle sam?
Quote from nonam:
Dandx it depends on your broker.If your account is with a US broker then they are going to send info to the IRS.
Maybe some IB experts can answer this.If you travel to Hong Kong and open an IB account there would you have to give a Hong Kong address?I presume that if you give a non US address and do not state you are a US citizen then they do not send info to uncle sam?
Nonam,
I would think, could be wrong, that if I am trading with a foreign IBC through a US broker they wouldn't report to the IRS since I am foreign entity. Agree or disagree. I did read that they may withold taxes and I would have to apply for a refund though.
"I agree, high taxes are a undue burden. Slovaks have 15% flat tax. Open an account with a Slovakian brokerage and go rent a cheap room in some village as a permanent slovak address. In these times of high speed internet, you could live in Tibet and trade your Slovakian account. Offcourse the Bahamas or Caymans would be preferable"
I don't really see the sense of leaving in a such village.It's very boring and you practically have no life.
I don't really see the sense of leaving in a such village.It's very boring and you practically have no life.
"Why not just get an IBC (Internet Business Corp) domiciled in a friendly tax environment (most places in El Caribe) open and run your trading account through that. It all can be done 'virtually' you don't have to physically be there. You can have everything setup offshore, IBC in the Caribbean, Brokerage house in the U.S. Your countries govt is non the wiser There you go, all set!"
You don't even have to do so. If you trade forex you cn open an account with funds from any country, but then the question is how are you going to get the money out from that foreign account and use them in the US????
You don't even have to do so. If you trade forex you cn open an account with funds from any country, but then the question is how are you going to get the money out from that foreign account and use them in the US????
20% sounds almost like a tax heaven.
Where is your lovely place?