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Protect your |
A lot of people complain about taxes. Taxes have been
the major cause of many revolts, revolutions, and civil
disobedience actions throughout history. The USA was founded
on a tax revolt. The only serious "competitor", in terms of the
aggression it causes, is religion... | |
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The origin of taxes is really simple. The King/State/Government
needs money to finance common goods for the citizens of the country.
Examples are schools, roads, postal services, defense,
medical facilities, social services, etc. All of those cost
money that goes beyond what an individual can afford - and can
retain a private interest in paying for. But we all have a vested
interest in those facilities and services being in place and
managed - for the benefit of all of us. The disputes always arise from disagreements about who is to contribute how much and from the way the government administers the money. Those are purely political issues. You have a right to your opinion, and hopefully, you live in a country where you also have a right to vote that opinion on election day. We are not opposed to taxes, and we recommend that you pay your share in accordance with the laws in your country. If you don't like those laws, you have some political work ahead of you in order to get them changed, but we do not condone breaking the laws as an acceptable way of changing them. Having said that, we also admit to being vehemently opposed to governments taxing prosperity. More about this on our mission page.
Your personal income is subject to taxation, by law -
in almost all countries. You even have a legal obligation
to report your personal income to your government, so the
taxes can be levied in accordance with the laws in your
country. Now, your government's abilities to
control your honesty might be limited. But your
responsibility for reporting the truth anyway is
not, and you can
be facing fraud charges and prison terms by being
purposely dishonest about this....
But there is good news: You have a legal right, at least in all western countries, to organize your affairs in such a way that you minimize your due taxes, even if those transactions do not have any other purpose from your side than reducing your tax liability! The most effective way of doing this is to organize your life in such a way that you do not depend on salary or pensions as your income sources. With those income sources, you are trapped, in terms of taxation. The government holds the thick end of the rope here, because it allows the payer of those salaries/pensions to deduct the expense from their own taxable income! This gives your employer/pension-fund a very strong reason to report those transactions - or even withhold your taxes on behalf of the government and pay them for you before you ever see that money..... |
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Here are your options for what you can do in order to protect your Personal Income from taxation:
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Protecting assets and income streams you create offshore is simple and easy and does not conflict with any laws. (Yes, it takes some knowledge, but we are happy to help you with that.) Moving assets that are already registered in your own name is expensive and bordering on crime, unless you exercise extreme care... (Yes, we can help you also with this, but it is not going to be cheap!) It makes sense to plant the seed to your money tree in a protected garden. Trying to make the seed grow on a windy rock and then, when the tree starts to carry fruit, attempt to move it to a protected garden you now want to built for it is not very smart, to put it mildly... Morale: The right time to establish your offshore presence is not when you have accumulated a worthy portfolio of assets. It is when you decide to do so. |
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