Re: Live by the sword, die by the sword
I'm against tax avoidance and evasion and pay my taxes once the accountants are done crunching the numbers. I'd just watched with my housemate Panorama and the 9 O'clock news which was mostly a repeat of Panorama. I was explaining to her the concepts around offshore banking, money laundering, tax avoidance (legal) and tax evading (illegal). After I explained these topics in detail and my objection to not paying, I described a few ways of avoiding tax that were perfectly legal.
I then said that I was thinking of starting a company on the lovely Caribbean island of Antigua, with subsidiaries in Jersey and the Isle of Man. Her reaction when I asked if she would she mind paying the rent there instead of to me was priceless. When she'd worked out I wasn't being serious she then asked why Antigua? Oh it's a nice out of the way place with a good amount of sunshine and a 5 star hotel that I can make a few business trips to. That, the fact that the US State Department don't like it and Bearer Shares*!
*Antigua is attempting to be more compliant with FATF rules though.
Biting the hand that feeds IT
