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
Following on what the other comment said, the average W2 worker has taxes deducted and earnings reported from a regular paycheck. Offshore banks take large amounts of money before taxes and reporting come into play. It’s not worth it for them to hassle with smaller amounts of money that already are on the radar. Go big or stay home.
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