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There was a thread recently about tax havens and the like.Having researched
this for 3 years and owning a Panamanian Corp on the shelf for when I decide
to move, beware this land mine.
It is very difficult to legally operate offshore via trust/corporation or
otherwise mostly because you will ultimately find a government form that in
order to qualify you will have to lie.You may go many years paying no taxes
but when you get caught you will have no recourse.Being physically offshore
is the only impeccable non-ruse way.
I would challenge anyone to prove otherwise.
Lastly one of the best ways I have found is to invest with oil drillers with
a track record in re-invigorated fields.You get the expense write-off the
year you invest plus sheltered income from the oil production.There are many
drillers with a 50% to 75% success rate in known fields.
Sincerely,
John
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