A hot item that is has been and should continue to see growth is the formation of offshore companies for the purpose of commodity futures and forex trading.

For example, Joe Doe who lives in the US forms a bearer share corporation in an "offshore" jurisdiction.

1. He may tried to hide any potential capital gains in the company from the IRS.

2. He may structure it so that he doesn’t hide the gains but arranges it so that he receives a pay of 2500 a year. Maybe the company made 100k. But since he is an officer of the company he is taxed on his pay. Essentially this strategy is more tax postponement than avoidance.

These are just two very simplistic examples. If you are seeking to employ offshore type strategies with you commodity futures and forex trading you should without question consult with a very reputable qualified legal consultant.

International tax avoidance/postponement is a very dicey do it yourself project. One that I would NOT recommend.

Two websites that I have found to be of personal use in the past is:
http://www.escapeartist.com
http://www.lowtax.net

Note: I have found resources, from my own personal use, on both of these sites to be trustworthy. However, you must perform your homework. Don’t just jump into something. If you would find a resource on any of the sites above, or any other offshore info based website for that matter, of interest do a careful background check on them. Ask around on forums. You get the idea.

Many people hear the word “offshore” and automatically think tax evasion. This in not the case. There are many offshore strategies that are very legal.

Additionally, many are employing these types of strategies for other purposes, such as asset protection from frivolous lawsuits. You never know when some may try to break in your house, rob you, fall and break their leg and then sue you.

Also, you don’t necessarily have to leave the US for “offshore” types of protections.
Just look to Delaware or Nevada and you will find forms of “offshore” protection.

There are reasons why just about all of the US Fortune 500 is incorporated in Delaware.

One other item you should check out on the tax front is:

http://www.greencompany.com/

Great resource.

Paul? Are you familiar with the "0" Tax ? Eldon Warman way of filing? His site: http://www.detaxcanada.org

And the 7% solution -- The Bronfman Family Trust way [how they managed to get their trust fund out of Canada] -- Graycliff site: http://www.graycliff.org

I do file for the STRAWwoman [the ALL-Capped one]...But what's mine, is mine.

Another site of interest is http://www.ecclesia.org -- they a bit religious BUT they have TONS of material on Common Law and Statute Law.

Also...I was told by banksters that banks do NOT pay ANY taxes when they playing the FOREX markets....

Buddie

Buddie,

I not familar with any of the resources you mentioned but thanks for the heads up. I will be sure to look further into them.