Offshore companies and bank accounts

03-06-2003

Serge,

If you have a business running in an offshore jurisdiction you do not really work inside the U.S. Your business is in a different country and your taxes have to be paid in the different country. IRS has nothing to do with business running in BVI or Caymans, does not it? IRS can only request the information about your business, but most of the jurisdiction would not disclose such info to anybody including IRS.

Furthermore, you would not want to register an offshore company in your name, would you? That would have been just stupid. Most jurisdiction offer nominee directors. That makes you invisible for IRS.

If only real crime is involved in your business - IRS will find you. But that's different issue.

03-06-2003	#24
max.yambo Guest Posts: n/a	Serge, If you have a business running in an offshore jurisdiction you do not really work inside the U.S. Your business is in a different country and your taxes have to be paid in the different country. IRS has nothing to do with business running in BVI or Caymans, does not it? IRS can only request the information about your business, but most of the jurisdiction would not disclose such info to anybody including IRS. Furthermore, you would not want to register an offshore company in your name, would you? That would have been just stupid. Most jurisdiction offer nominee directors. That makes you invisible for IRS. If only real crime is involved in your business - IRS will find you. But that's different issue.