Why cant “offshore shell corporation” tax avoidance methods used by the wealthy be used by the working class? Is it just because it’s cost prohibitive to set up?

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Why cant “offshore shell corporation” tax avoidance methods used by the wealthy be used by the working class? Is it just because it’s cost prohibitive to set up?

In: Economics

9 Answers

Anonymous 0 Comments

Not an expert on the US system but I suspect a lot of corporate offshore planning is indefinite tax deferral rather than compete avoidance. It wouldn’t get you anywhere if you actually needed that cash to spend in your home country.

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