legally avoid taxes, is there a better way than leaving the country?

[fionix]

I was just wondering if there is a legal way to to avoid taxes? Where is it chepeast to live when it comes to taxes, food and usual expenses like renting a home?


Any suggestions would be much appreciated

 

[fionix]

No one knows or has a solution?

 

[offshorebanker]

You won't live more than 3 month's in the same country, so you will avoid to be liable to any tax anywhere. Or, you may want to move to a country where they have zero to low personal tax!

 

[companygroup]

Interesting... how can tax evasion be legal? If someone has a structure to share to avoid tax legally please let all of us know.

 

[fionix]

I'm not speaking about tax evasion. I can see from other posts that the Expat model may be the only lgeit method to avoid to pay tax. Otherwise, it will be required to look into methods to reduce tax but tax evasion is not an option nowadays.

 

[tiea-hunter]

What is an Expat? Any link is appreciated or brief description please

 

[robertisnt]

You won't live more than 3 month's in the same country, so you will avoid to be liable to any tax anywhere. Or, you may want to move to a country where they have zero to low personal tax!

But do you have to be a resident of a country? I mean, what will be the address inside your passport, if you aren't a resident of the country.

 

[tiea-hunter]

But do you have to be a resident of a country? I mean, what will be the address inside your passport, if you aren't a resident of the country.

It dosen't matter what address (if at all) there may be in your passport, you simply just need to resign as an resident of your country and immigrate in anotherone where you pay low to none tax.

 

[JohnLocke]

You will have to be a resident of the country of your choice for the offshore jurisdiction. You will as well have to pay some sort of tax somewhere in order to take the money with you into the home country without paying any tax. Alternative, you are not a resident of anywhere, but this will make it very complicated in certain cases.

 

[robertisnt]

What is an Expat? Any link is appreciated or brief description please

An expatriate (in abbreviated form, expat) is a person temporarily or permanently residing in a country and culture other than that of the person's upbringing (other than home country).


Source :Wikpedia - expatriate page

 

[tiea-hunter]

So what's the conclusion on all this. Do you have to leave the country in order to avoid to pay tax or can a offshore company (anywahere) be the solution to a almost tax free live?

 

[clemens]

I was just wondering if there is a legal way to to avoid taxes? Where is it chepeast to live when it comes to taxes, food and usual expenses like renting a home?
Any suggestions would be much appreciated

I don't believe leaving the country is the best solution if you have family or other relatives. You may consult a local tax and legal adviser to help you sort things legally out in order to reduce the tax to the lowest possible in your situation. A offshore company will ofcourse be of great help to achieve what you are looking for

 

[cosmo]

Best is to consult local tax adviser, I did so and he helped me out to find a good and workable solution for my tax issues

 

[myoffshoreliving]

No one has a simple answer to this question. It can't be true that you need to live in the offshore country to avoid to pay tax... there must be a way to avoid paying taxes locally if you are able to register a offshore company somewhere somehow.