Recent content by romario

@UKNewbie @newNomad I would be very interested in learning more about how to improve the write-off game, and perhaps how to invoice myself or make partners/be a part of a network that practices those type of activities... that should be a thread!

ohhh... I actually read this as sneaky pro-tips.... A guy can fantasize ;) I just want to be one of those rich corporations one day... (looks up into the sky and closes his eyes).

correct.... the actual tax % is only 46.25 but then there are other legally mandatory fees like social security and more all in all adding up to roughly 60%.. the thing is I'm already have a good income in Iceland and I'm in max brackets everywhere despite all my clever accounting and write-off...

WOW! thanks for the warning :) So I should probably not tell a bank in let's say... in Panama that I live in the UEA or somewhere they cant really track me, and definitely not forge documents that proof that I live there either? But if I where a mad person, in a imaginary world... Is it even...

Let's do this!!! :D It would take some sort of world war 3 complete culture reset to change this over here. The Icelandic people and the culture here is so proud and happy to be a part of the "Scandinavian social welfare model" where we all pay half our salaries (and more) our whoooole working...

Its not my entire income, This is just a foreign client I have that I would prefer to not pay a total of 60% taxes and fees on (yes its almost that high). I do have other income legit taxed on paper where I reside. I'm seeking way's too keep this income all for myself and use it for investments...

Thank you all for the input here :) I'm soaking it in. So this might be a dumb question as I dont really realize how FATCA and US taxes work, but what if... I set up anonymous company in Panama that owns a Wyoming or an Idaho LLC and then bill the US client from the Panama co but use the US LLC...

Thank you for writing me back. It's not good news but I appreciate your honest feedback! Question: So let's say I want to go for it for one year. What ways would be best and fairly cost effective for me? I'm talking to a law firm in Panama regarding getting in on the friendly nations deal...

Hello, I'm new to all of this, and this forum has been of much interest to me, It seems like a great resource for like minded people. So I've been doing research on how to keep my main income under the radar with the local tax authorities in my country of residence (Iceland). I'm currently...