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Should I set up an Off-shore company?

by FabbyC - 23 April, 2020 - 03:29 PM
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(This post was last modified: 03 February, 2021 - 12:45 PM by FabbyC.)
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If you are operating on PayPal, or anything that has your identity tied to it, you will be caught some day. https://www.phrases.org.uk/meanings/deat...taxes.html

It's not too hard to setup a shell corp in the Isle of Man where they have no business taxes. There are somewhat hidden services there to set this up, but you have to go through one because the business has to have a location and resident that's legally the owner.
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(23 April, 2020 - 03:29 PM)FabbyC Wrote: Show More
This is my first time(posting on this forum) so please be gentle

Anyways, Im currently living in Sweden with one of the highest income taxes in the world. Im running a side hustle were I gain about €600 every month on paypal. I could probably scale the hustle up to make a living out of it. However, while not strictly illegal the income isnt 100% legit either. So far I have avoided paying taxes on this income by spending it online. Mainly I have avoided taking it to my own bank for 2 reasons. 

1. I would have to pay tax on it
2. I would probably have to create a company for a business that is quite shadyJew

Since the company is internet-based I figured there is a possibility of starting a business off-shore to avoid tax and investigation into the business. Please give me all of your best advice!

Drug delaaa. You probably should tax ivasion is worse than murder

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You're probably best finding someone in a more advantageous position in terms of their nations tax and forming a partnership whereby your company pays them as subcontractors and you are then paid a tax free stock bonus, having said that €600 should be able to be declared without an issue depending on your current tax band it should be tax free.

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