can open shell companies opening shell companies opening shell companies
revolving door between corporate america + IRS/SEC/FDA
imma go left-field and say any billionaire that pays no taxes or is in a lower bracket than me, has really, really, really smart people PERVERTING tax loop holes and using super shady vehicles to hide their money.
Back in the 90s they had to disclose shit, but there were a number of ways around that. You could take a pile of cash to an attorney, have him buy or create the shell for you, open a bank account for your shell, and then act as the 'face' of your shell for all legal purposes.
"Mr Attorney, I want you to contact the owner of [specific real estate parcel] on the behalf of my shell that you manage, and negotiate a price."
I assume you can still do that, but everything probably has to be reported now.
bro... when amz/apple/etc...
imma go left-field and say any billionaire that pays no taxes or is in a lower bracket than me, has really, really, really smart people PERVERTING tax loop holes and using super shady vehicles to hide their money.
irelands favorable tax laws are just that, laws set by ireland to SPECIFICALLY bring companies in
shell companies are designed for specific tax laws
the tax system is screwed up because of greed and incompetence
however, there are no direct loopholes to avoid income taxes on cash or investment income
money doesn't have to be hidden to not be taxed, it just has to not go through a taxable event
RIGHT.
and big banks like to launder money cause... theyre ok paying the fines.
shell companies do not have to disclose members! actually, they dont have to do shit.
shadow banking? ... cause daylight banking is soooo boring.
family offices? ... cause regular hedgefunds are easy to brag about.
bro... all these things exist for one purpose. to HIDE money.
Anyone can create or buy a "shell company".
i assume youre right.
i do know, though, they dont have to disclose shit. especially if your reported addy is in some bum-fuck island in the caribbean.
in fact, read the pandora/panama papers. all that laundering is done via shell companies.
Back in the 90s they had to disclose shit, but there were a number of ways around that. You could take a pile of cash to an attorney, have him buy or create the shell for you, open a bank account for your shell, and then act as the 'face' of your shell for all legal purposes.
"Mr Attorney, I want you to contact the owner of [specific real estate parcel] on the behalf of my shell that you manage, and negotiate a price."
I assume you can still do that, but everything probably has to be reported now.
k, cool. i loved the 90s. popped my sweet-pies cherry, experimented on a vast quantity of hallucinogenic medicine.
<3 90's.
now lets fast-forward to 20201.