Let's assume I have $200k - what would I gain from emulating one of these panama paper players?
What if I had $2mil?
What about $20mil?
I'd be happy if someone, an economist or anyone who has knowledge of this - explain it to me - what are the benefits, and how can I do it? Fuck it - why not.
A few benefits. Once you expatriate the money, you can invest globally without tax.
Regular working folks don't understand the impact of taxes. All business activity is pretty much in order to grow capital tax free. It's why real estate is such a large part of every business strategy.
Watch this for a primer:https://youtu.be/rQsW7shNOFQ
Another benefit is tort protection. With money in Nevis, someone in the US can sue you all they want. Can't get anything.
Once you reach a certain networth, it makes more sense to have nothing, own nothing, and tie it all up in international trusts to stay away from the theft of the US government.
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PraiseKekEveryday ago
Here's a cool site that puts the papers in a visual style: https://www.icij.org/investigations/panama-papers/the-power-players/ - thank me later
Let's assume I have $200k - what would I gain from emulating one of these panama paper players?
What if I had $2mil?
What about $20mil?
I'd be happy if someone, an economist or anyone who has knowledge of this - explain it to me - what are the benefits, and how can I do it? Fuck it - why not.
fuckingawesomePOTUS ago
A few benefits. Once you expatriate the money, you can invest globally without tax.
Regular working folks don't understand the impact of taxes. All business activity is pretty much in order to grow capital tax free. It's why real estate is such a large part of every business strategy.
Watch this for a primer:https://youtu.be/rQsW7shNOFQ
Another benefit is tort protection. With money in Nevis, someone in the US can sue you all they want. Can't get anything.
Once you reach a certain networth, it makes more sense to have nothing, own nothing, and tie it all up in international trusts to stay away from the theft of the US government.