Quote:
Originally Posted by nik-
If you're moving your money there into a shell company to reduce profits and thus taxes, it's not a loophole, it's straight up tax evasion.
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Not to pick on you nik, but you sort of proved my point. You can't just 'move money' to some other country and suddenly you are paying less tax. With some small exceptions almost everyone person's and corporations cash on hand has already been taxed. So you can't just 'move it' and avoid tax. It's the money you/a company are currently earning that people try to get taxed in different jurisdictions, usually at a lower tax rate. That sort of set up is often complex. Then you have the issue of getting the money back into the country without paying more tax. It's just such a complex body of work, saying people just 'move money and pay no tax' is just flat out wrong to say.