A lot of people complain about taxes. Taxes have been
the major cause of many revolts, revolutions, and civil
disobedience actions throughout history. The USA was founded
on a tax revolt. The only serious "competitor", in terms of the
aggression it causes, is religion...
The origin of taxes is really simple. The King/State/Government
needs money to finance common goods for the citizens of the country.
Examples are schools, roads, postal services, defense,
medical facilities, social services, etc. All of those cost
money that goes beyond what an individual can afford - and can
retain a private interest in paying for. But we all have a vested
interest in those facilities and services being in place and
managed - for the benefit of all of us.|
The disputes always arise from disagreements about who is to contribute how much and from the way the government administers the money. Those are purely political issues. You have a right to your opinion, and hopefully, you live in a country where you also have a right to vote that opinion on election day.
We are not opposed to taxes, and we recommend that you pay your share in accordance with the laws in your country. If you don't like those laws, you have some political work ahead of you in order to get them changed, but we do not condone breaking the laws as an acceptable way of changing them.
Having said that, we also admit to being vehemently opposed to governments taxing prosperity. More about this on our mission page.
Your personal income is subject to taxation, by law - in almost all countries. You even have a legal obligation to report your personal income to your government, so the taxes can be levied in accordance with the laws in your country. Now, your government's abilities to control your honesty might be limited. But your responsibility for reporting the truth anyway is not, and you can be facing fraud charges and prison terms by being purposely dishonest about this....
But there is good news: You have a legal right, at least in all western countries, to organize your affairs in such a way that you minimize your due taxes, even if those transactions do not have any other purpose from your side than reducing your tax liability!
The most effective way of doing this is to organize your life in such a way that you do not depend on salary or pensions as your income sources. With those income sources, you are trapped, in terms of taxation. The government holds the thick end of the rope here, because it allows the payer of those salaries/pensions to deduct the expense from their own taxable income! This gives your employer/pension-fund a very strong reason to report those transactions - or even withhold your taxes on behalf of the government and pay them for you before you ever see that money.....
Here are your options for what you can do in order to protect your Personal Income from taxation:
When you start your due diligence for "going offshore", you will most likely run into expert advice like this:
"First of all, you need to find the right jurisdiction for establishing your offshore entities. You must find a country that has a politically stable government and a sound financial infrastructure."
Well, this person is for sure not controlling any assets offshore!
The advice is based on a wrong paradigm: that you need to move your assets overseas in order to "go offshore". Nothing could be farther from the truth.
The assets that matter the most to you are most likely those you have in your own country! And that's where they should be, so you can control them, use them, and enjoy them!
The last countries on the Planet where you want your assets located are the countries where your offshore entities are established or managed from...
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