/biz/ - Business & Finance

[Anonymous No.14004144]

>open up a LLC in Seychelles for $2000
>make your lawyer director and yourself the only shareholder
>open up a bank account in Cayman Islands on behalf of your Seychelles LLC
>open trading profile on an exchange on behalf of your Seychelles LLC
>make $X.000 profit from crypto trading
>deposit that $X.000 to the Cayman Islands bank account that belongs to your Seychelles LLC
>then your Seychelles LLC 'loans' you that $X.000 at an interest rate of 0% and repayment duration of 99 years which you don't really have to pay back since you own the Seychelles LLC
>the Seychelles LLC deposits the $X.000 from the Cayman Islands bank account to your private account in your home country
>you don't have to pay tax on loans

Give me ONE reason why this wouldn't work

[Anonymous No.14004279]

>>14004144
im not aware that you can give out loans in any country that have 0% interest and still declare taxes and get through with it
normaly they expect you to at least get some sort of interest and ofcourse there is a chance you have to declare earnings on these reported interest payments

[Anonymous No.14004432]

>>14004144
just stop to live in USA and keep all money in BTC

[Anonymous No.14004542]

>>14004432
Im pretty sure its some kinda law here in the US that you are never actually NOT a US citizen so the IRS can follow you to the ends of earth even if you havent stepped foot in the country for a decade