Off shore trading

Thank you for the advice.

I am not paying taxes on gains, sorry for the misunderstanding. I am paying income tax on the income made here.

If I do form an IBC, is there a way the IRS tracks? I don't think so but I am not sure. If I am going to form an IBC, I'll form it using my non-US citizenship and name. I don't know how the IRS operates as I've been out of the US for so long but everyone seems to be terrified of the IRS or of the penalties they will dole out to those who don't abide by the IRS rules. I've been away for so long........
 
You are not breaking any rules, the track it when you disclose it on your return.

Ownership of an IBC is legal for a US person, just take advantage of the rules.
 
If you give up your us citzenship, move to london or uk, apply for non-domicle status from Inland revenue, no-one has ever been refused, then all money made outside uk is tax free. We have a lot of rich greek ship owners and other billionaires living in uk who only pay tax on small uk earnings. Pressure on government to close loophole has been resisted for years.
 
Originally posted by just21
If you give up your us citzenship, move to london or uk, apply for non-domicle status from Inland revenue, no-one has ever been refused, then all money made outside uk is tax free. We have a lot of rich greek ship owners and other billionaires living in uk who only pay tax on small uk earnings. Pressure on government to close loophole has been resisted for years.
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If you give up your US passport, how hard is it to get UK passport with no right to work?
 
Two signatures needed for uk passport after you have been resident for a few years. You don't have to get a uk passport though anything will do. Americans have to give up citzenship because they are liable for any income from any country.
 
some of you guys are funny.im sure there are rich people in other countries that would give multi millions for us citizenship and you are talking about giving it away.
 
I'm English but excluded from your racist green card lottery. I'd love to move to Florida but can only go for three months. It must be nice to wake up and put some trades on without having to wait until 2:30pm!
 
It doesn't mention tourist visas which are three months. Might create some supply in your housing market if you don't let all the tourists in with houses in america. My mother has two!
 
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