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Protect your |
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Even if you trade from a foreign bank account through a foreign broker, you are still liable for reporting your profits to your government when tax returns are due. However, if you are trading as an agent on behalf of a foreign legal entity, you are not liable for any taxes on such profits....
With an offshore trading account, you can invest in
virtually anything from almost any exchange that is trading
Internationally. You can invest in mutual funds, all kinds
of stocks, bonds, and currencies, and you can invest
in all kinds of opportunities that never get advertised to the public, because they are too good... |
Here is the outline for
what you should do to keep your trading and investment
profits free of taxation:
There are some pitfalls in this, and many
challenges, but there are logical answers to all questions!
However, without understanding them fully before you start
re-organizing the way you conduct your financial
activities, you are very likely heading
for some unnecessary trouble... Did you remember to sign up for our free additional information? |
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If you want to move funds to a business or an account you do not own (and thus has no personal tax liability for), then you have three possible options for your motive to do so:
If you live in a country where Common Law prevails, and you "transfer" money or other assets to an offshore entity or account that is not a charity, without it being part of a legitimate and bona fide business deal you can show signed paperwork for, you can expect your taxman to assume that you have a beneficiary ownership interest in the receiving party - which means tax liability on your part! Morale: No matter how careful you were when establishing your offshore presence, you can blow it all away with stupid ownership behavior! |
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