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?

Question

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

Answer 1

Those corporations usually avoid business taxes, not income taxes. Having a corporation is the bare minimum requirement for corporate tax avoidance, and most of the working class don’t have one.