Taxodus – mapping assets offshore

taxodus.net

36 points·vincefutr23··10 comments

I profoundly dislike the usage of the term "Protecting" in "Protecting your assets", especially when we have a more suitable verb: "Evading". It has the correct connotations too.

To me it is on purpose corporate speak.

Offshore holdings companies aren't always about tax evasion.

Sometimes they're about making sure the presumably very nice person [but also possible gold-digger] you married can't actually spend all your money.

That's the sense of "protection" they mean.

If you don't want someone spending our money, you just don't give to them. You don't need to hide money to accomplish that goal. Marriage is a joint partnership, and anyone is free to not enter into one.

That's foolish, there are any number of reasons for keeping money out of a border that aren't evading taxes.

Very interesting game, and I really like the look/feel of it. Defiantly need more explanation, I have no clue what I'm doing in there!

They have this doc with a better backstory http://youtu.be/d4o13isDdfY

The documentary is excellent

I'm not so sure I'm getting what they are trying to say here.

Companies have been playing the taxation arbitrage game since the beginning of taxation. Isn't that what states to do each other in the USA? Why do you think FL has no income tax while NY/NJ/CT do?

I'm not sure why this belongs on HN.

FL has no income tax because it doesn't want retirees to rip off wage earners. It is clearly not a play to attract portable businessz since it has almost none.

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