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With an Offshore Corporation the Corp would pay no US or Aussie tax. The
investors would have a foreign tax liability if they receive any income
from the Corp or realized capital gains while living in the US. You on the
other hand if you stayed there for two years would pay no tax from a salary
you paid yourself from the Corp. After a longer term it of residency it
changes to a question of citizenship term of stay in either countries
during a calender year.
Of course the usual deal I really don't know ask a real Offshore tax guy. I
would suggest talking to the VP's of an excising Offshore Corp to get
references to whom that may be. Plus the IRS watches these very carefully
and you need to be sure your on firm ground before attempting this kind of
scrutiny.
Robert
At 11:26 AM 6/17/1999 -0500, Mark Brown wrote:
> > Mark you could move down their with the kangaroo's and save big money on
>taxes. Climate similar to Texas and it's been heard the bushmen hate
>Omega.:) My boomerang wont come back my boomerang wont come back, ole tune.
>>
>> Robert
>
>Yea, I would even sort of sound like them too! Wondering about those taxes
>myself? I heard it was a real nice place and that their high tech
>development is on the move. Especially software, however they suffer
>presently with only one underwater path to the world via internet. They are
>sort of on an island as you may have noticed. Now if they could ever get
>satellite internet feed over there I may be gone.
>
>ps how much did you say I could save on taxes? talk about being offshore!
>
>Mark
>
>
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