Quote:
Originally Posted by mrkajz44
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.
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That's incorrect. You don't move the money to the company after the tax bill, you move it before and claim it's investment and bring your profit number as close to zero as possible.
Bringing it home is a problem. Which is why they want what I posted above. Moving it there to reduce your tax burden is not a problem.