What works best for you?
2007-11-08 18:29:34 · 5 answers · asked by Anonymous in Politics & Government ➔ Politics
All expenses of the company must be documented and claimed as deductions from income in order not to be taxable.
Benefits and allowances to employees shall be considered part of the income to be deducted from income.
2007-11-08 18:34:11 · answer #1 · answered by FRAGINAL, JTM 7 · 1⤊ 0⤋
I think if you make an off shore company in a tax haven country like Cayman Islands, Bahamas, British Virgin Islands, Channel Islands, and book international sales and royalties through that company hold the assets there and the liabilities in high tax countries like the USA. have a corporation own the shares in the off-shore company not an individual.
If you work overseas up to 70,000 or 80,000 is not taxed in the USA.
2007-11-08 18:37:03 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It is wrong and un-patriotic to illegally avoid taxes. Also, individuals using offshore bank accounts are constantly being caught by the IRS. Don't do it.
Offsore bank account numbers and international financial transactions are now easily tracked by using computers.
2007-11-08 19:13:21 · answer #3 · answered by a bush family member 7 · 0⤊ 0⤋
become a politician and launder your earnings through your campaign.
2007-11-08 18:36:11 · answer #4 · answered by Nancy P 5 · 0⤊ 0⤋
why do you feel you need to do something like that?
2007-11-08 18:36:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋