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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (67664)	3/15/2012 10:13:52 PM
From: John	1 Recommendation Read Replies (1) \| Respond to of 103300

Thanks, Buddy. I should have been more carefully in how I framed my question. What I am actually curious about is the legality for a U.S. citizen to set up an investment corporation in a foreign country, one which has no taxes on businesses or capital gains, and then use that corporation to buy U.S. equities and grow corporate profits, 100% tax free. I note that this plan would NOT grow profits for the owner, but for a corporation that was founded in a foreign country for the sole purpose of increasing profits through investment in U.S. equities and derivatives, tax-free. This begs the question, would THAT income be taxed by the United States if the owner of the corporation lives in the United States and directs its offshore operations? That's what I plan to ask a tax planning expert.