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Old 05-09-2007   #1 (permalink)
qrs
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Default Cayman Islands-no tax
Cayman Islands-no tax...
Anyone own a company there?
Please share with us how that even works... Thanks!!
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Old 05-10-2007   #2 (permalink)
mike4rd
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Cayman Islands-no tax...
Anyone own a company there?
Please share with us how that even works... Thanks!!
... please include your name, address, SSN, company name and number, and a cell phone number, Thanks - Mr. IRS.

Only joking, I don't think you are going to get this information here grs, try a google search
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Old 05-11-2007   #3 (permalink)
voltes
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That is true. Cayman island is a no tax jurisdiction since there are no capital gains taxes, no income taxes,no estate taxes,no gift taxes. Cayman island offfsets this no tax rule thru indirect tax collection.
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Old 05-14-2007   #4 (permalink)
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My advice would be to stay in your home country. Tax fraud is never a good thing, you always get caught and more importantly, remember while we may not all agree with taxes, they do pay to keep the country going and that alone should be enough.

Good luck.
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Old 05-18-2007   #5 (permalink)
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Yeah I would agree. Stay at your home country unless your home country is not a worldwide taxation country!
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Old 05-19-2007   #6 (permalink)
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My advice would be to stay in your home country. Tax fraud is never a good thing, you always get caught and more importantly, remember while we may not all agree with taxes, they do pay to keep the country going and that alone should be enough.

Good luck.
The no tax policy is one way for Cayman to encourage investment in the area. It does not mean that if you invest in Cayman you are trying to avoid taxes in your country. For any business, profitablity is a primary concern. Less spendings means more profit.
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Old 05-21-2007   #7 (permalink)
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I like the bvi or panama as an offshore haven.
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Old 05-23-2007   #8 (permalink)
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Yeah, I am not totally sure how offshore havens work, but British ppl in Cayman Islands don't have to pay taxes!
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Old 05-23-2007   #9 (permalink)
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they are much more difficult now for Us citizens. I have heard the way to do it is set up a nevada corp that owns the cayman llc.
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Old 05-24-2007   #10 (permalink)
mike4rd
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Originally Posted by alex View Post
My advice would be to stay in your home country. Tax fraud is never a good thing, you always get caught and more importantly, remember while we may not all agree with taxes, they do pay to keep the country going and that alone should be enough.

Good luck.
Just because you have a corporation in the Cayman island, does not mean you are commiting tax fraud.

There is a difference between Tax Avoidance and Tax Evasion.

Tax Avoidance is legal.

Tax Evasion is illegal.
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