|
|
 |
International Organisational Structuring for the purpose of Wealth Protection supported with Financial and Tax benefits have become a necessity for every international businessman.
|
|
|
|
|
|
|
The structures you choose determine the Tax Model imposed and with the implications attached thereto as well. It is very important to understand that the country of residence generally determine the Tax Model imposed. The well known saying “The highest trees normally catch the most winds” is quite true. The level of visible wealth and cash components in various bank accounts normally draws the most attention. The visible wealth is what the Tax Authorities are using to start an investigation to ensure or enforce Tax compliance.
|
|
|
|
|
|
|
Generally 98% of all international businessmen have a lack of experience or knowledge to apply their minds to the Tax implications or Tax Structures in the country of trading, what more, the country of residence. The expert advice needed is normally very difficult to obtain. It is this position that catches them off guard and has a detrimental implication on them personally, as well as their wealth generating companies in trading. The correct structures are normally determined by the level of Wealth Generating and the level of International Exposure of each businessman. The Tax model will therefore be determined by the structure implemented. It is important to explore various opportunities and to allow you as a businessman to choose the correct structure. This structure will determine the Tax Model and will allow you as businessman the level of Wealth Protection with Financial and Tax benefits.
|
|
|
|
|
|
|
International Tax Structures and implications are very complex and we suggest that you obtain professional advice to assist you. Using Tax Haven Countries to hide wealth and cash is foolish and illegal. If you get caught you will either face heavy fines or possibly end up in jail. It is however important to note that all governments associated with the G20 Summit have agreed to support and investigate all possible cases of Tax evasion. The governments are losing millions and have therefore committed to clamp down on Tax Haven Countries or any involvement of their citizens to hide assets in this regard.
|
|
|
|
|
|
|
There is nothing wrong in using a Tax Haven Country to protect your Wealth and Cash but with the correct structures. Some novels make mention of Nil-Tax Haven Countries, which in my view is a myth and does not exist. The Tax Haven Countries have always some kind of method to generate revenue for themselves by providing this services which would always have some kind of effect.
|
|
|
|
