Offshore Banking: The Legal Way to Never Pay Taxes
Video Overview & Insights
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00:00 - Intro
It's sad to listen to such videos knowing that rich will always find a way to pay lower taxes and non-rich people stay alone convincing each other that high tax rates are good, even though they will be the only ones who end up paying them.
01:50 - What is offshore banking
02:57 - Traditional Banking and Offshore Banking
I'd be willing to bet the majority of people (myself included) watching this video are not in a position to take advantage of these scams. Also, probably more importantly, there are a couple of comments here, one from a former tax attorney, stating this information is not correct, and could land you in prison. Moral of the story, don't go to YouTube for financial advice.
06:41 - The Apple Case
10:57 - How it works
Fuck taxes, never pay taxes
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This video is total BS for US taxpayers. Total BS.
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The more you advertise but borrow die the higher livelihood they close it. If you have everything set up to that strategy you’ll get caught like Apple did in modern law old strategy. Even operating from Cayman is extremely not easy or cheap
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Great video mate id like to do something like this
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Sure, the billionaires taking advantage are part of the problem, but so are the politicians who do not act to create a fairer tax system where taxes are equitably collected and people with the lowest income get some relief.
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Switzerland allows the rich to do this
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Social Media:
I’m sure Mr Barry Soetoro (aka hussein obama) has accounts in the Caymens too.
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Thanks for the update now we know where they hide all their riches 😮in. The sae
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Taxing me to waste the money should be criminal
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REMEMBER: ‘Tax Avoidance” is legal because the politicians and their rich buddies all do it.
When during the debate Hillary said Trump didn’t pay income tax, he said she was a senator, she could change the laws but she and the other congress members wont. No matter which of those two you like or hate, BOTH of them told the truth on that point, and she didn’t comment back about her capability to change the laws because she was hoping we would all forget he ever said it….. most of you have…..
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$12000/year fixed income 😔. So I'm going to have to wait until I get rich in the next life, before using these schemes.
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Income tax is a scam.
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One thing is it's is that the real problem is the IRS will tax you and as long as you pay the IRS their taxes they don't care because you're investing money down in other places where you don't want the drug lords doing it you idiots
More User Perspectives
Point that is true to a point
@JohnEskew-q2hOffshore banking sounds really interesting!
@AmaraExplainsMoneyInstead of paying taxes, you are paying the bank
@xavryapif you grab something out of the window, does that make you thief or does that make you breaking into someone’s home? No, that’s what they’re doing so she’s telling us it’s perfectly illegal. That’s what she meant. If you grab it from the window and not getting in the house that’s perfectly illegal. Is that what you mean? Legal? I don’t know.
@aayeh64I love this
@Branden.AscendingThe fact there are tax avoidance schemes sort of tells you that they are there because the way business's are taxed is crippling them and does not help a business thrive. People need ways to avoid getting legally robbed
@MOUSERMONKThis does a reasonable job of illustrating how offshore finance works. Obviously there are lot of compliance requirements that need to be met to domicile and operate an offshore entity and that is expensive.
@DennisSmithGrandCaymantaxes are just protection money like in a mafia but instead of destroying your business or offing you they put you in jail
@pazan181Who would own the trust then?
@MindofMan101FintechNPA = Income Tax Freedom
@aaaa00007Why the government systems set up so many of the taxes dollars pay and everyone’s learning from the mother fuckers that pay without a words to ask why???
@ehelenhelgasoneTherefore, I invested to my money in the bank with the lowest risk, because the more you’re greedy that the more you lost. This earth always is equal calculation of what your life’s living on earth must be honesty with yourselves.
@ehelenhelgasoneDon’t be mad at the game . Play it.
@RoyallKing629I'm here for finding YouTube best niche 😊
@AmnaRajput-v6nCorrupted authorities trying to steal the money from accounts
@OvidiuCotrus-z5nTaxation is theft. Simple as.
@soylentroyGreat info. Very informative and no filler! Thanks
@karikasumi888There wont be any capitol gaines tax either from what iv heaed
@gwentexasTAXATION IS not legal. The truth is being disclosed that taxs are voluntary and we been decieved
@gwentexasUnder NASARA WE WONT BE PAYING ANY INCOME TAX AND THE IRS IS GOING AWAY . WHY WOULD ANYONE STILL,NEED AN OFFSHORE ACCOUNT??
@gwentexasPaying taxes IS THE BIGGEST SCAM EVER!!
@RainbowbutnotthegayRainbow"James" is stupid, according to Robert Kiyosaki
@luthandondlovu2863Very interesting 😎🤔
@ThinkAgin_5You should at least mention UBO regulation
@KBMhorizonTax cheats
@DougNeufeld-g1xLogically can't be done, try different passports.
@WilliamPrescott-c1jif i dont own anything but my company does. Who owns the company? isn't me? Dosnt it mean that i owe everything my company ownes then? or should i put my ompany under someone else's name?
@JumanaSalman-k9qCalling it a scam while using it
@robertpetersen6122Damn
@TengaiiSo much talking for such little useful content... pls let men do the creative stuff, go to OF and shake your butt....
@Ammar88istHow are you borrowing are you using collateral with a U.S. bank or ehat bank are you borrowing from? A off shore bank?
@just4thethrillsIf you just keep borrowing then how do you pay back?..🤕
@EconDecodedHQALux, you are the best. Am going to start a business and I can't Register in the country am at. Am going Offshore. It's my best solution
@KhannyMajone-sh9hjat 13:20 but you still have to pay tax on that loaned money because you personally cant borrow money based on a companies assets the company would borrow the money so the money is owned by the company and can only be used by the company for company stuff. you can get a loan from the company tax free but you still have to pay that back meaning you need income which is taxable. or you could take a dividend or wage but both are taxable. so you still cant use company money for your personal lifestyle. on the other hand, if the company is set up in a low or zero tax county and like you said another company where its running from and company B pays company A fees or royalties then you withdraw the money in to your personal account as a wage in the no tax country then i think this is legal
@LegitKev.