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
It entirely depends on what you mean by “offshore shell corporation tax avoidance methods” lol.
It just would come down to how the money is made and where it goes. With a person, its pretty simple. Company -$-> You.
For a business, it can be infinitely more complex, which allows for more tax avoidance methods. I’ve heard of a few ways to “get around that” for an individual. However, they almost all involve said individual operating their own business or getting paid in stuff like capital gains.
Latest Answers