The New “Offshore” Solutions
The Developed countries and
In many circumstances, it is not desirable to raise invoices in the name of an exotic offshore company
Nor is it possible to ask your offshore company’s clients or trading partners
To make payments to a bank in an offshore tax haven!
That’s the Basic Now!
Remember that the books of your customers or trading partners
They are open to scrutiny by their local tax authorities and
Dealings with offshore havens (even if legal) are NOW viewed with suspicion!
Tax authorities of high-tax nations are aware that
Offshore companies can be used for illegal tax evasion
By businesses that need to “reduce” their taxable profits before year-end!