Eek!
Perfectly worded dangle for a federal sting operation.
The thread name alone ought to attract IRS and FBI agents salivating to scoop up the first dim-wits to confuse "Avoid Paying Taxes" with "Evade Paying Taxes" and attempt something stupid.
Perhaps adding "Legally Avoid..." or add to the post whether offshore companies and their accounts need to be reported even though they will not be taxed, etc. "Un-reported" accounts and income are sometimes treated as attempts at evasion.
The U.S. is the biggest tax haven in the world. The current hullabaloo in congress over Switzerland and Liechtenstein accounts being used to evade taxes and stonewall countries of origin is bald hypocrisy.
To avoid confusion and stave off inquiries by the less-than-scrupulous, please provide examples, evidence or more specific information about the processes and systems mentioned for Panama.
I agree setting up an off shore company would show diligence by those in charge of treasury management, I just think a specific declaration should be made every once in a while to define the common terms sometimes confused by readers categorized as unsophisticated.
eyes4
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