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Politics : Ask Michael Burke
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To: Michael Bakunin who wrote (71748)12/12/1999 12:10:00 PM
From: nihil  Read Replies (1) of 132070
 
This is a very important question. Any company that has not investigated reincorporating in a tax haven is ignoring a real possibility. It is not even necessary to "break the law" to benefit.
A wealthy individual should investigate establishing a living trust in a tax haven. It is possible thereby to preserve estates in full.
It is possible for foreign entities to avoid US taxes perpetually.
I would hold IP in a tax haven and accumulate and invest the proceeds tax free.
Most countries hate tax haven, but do nothing about them. The reason I think is obvious. Many of the really smart lawyers, bankers, and economists have their own tax haven entities. It's easy enough to do.
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