How To Avoid Taxes

Hate paying taxes? Follow these simple steps to legally avoid taxes alltogether.

First things first: We do not urge anyone to commit tax fraud, and we do not support undeclared work. This page is for informational purposes only.

Taxes is a necessity. Most societies would not be able to exist the way they do without taxes. Most people understand this. But your goal is to get rich, and you do not want to waste your money on taxes (hey, it's not like the authorities spend all of their tax money wisely anyway!).

Why do we need to pay taxes?

The simple answer is: Because the authorities make us. Come on! If your not a total nut you don't want to spend your money on terrorism, the weapon industry, porn, and stuff like that, now would you?

No matter where you live in the world the authorities abuse tax payers like you because they each and every year waste a lot of tax money. It's true that much of the money goes into welfare, schools, essential research, charity, military defense, and so on.. But govermnments all around the world also waste a great deal of money. Would you pay charitable institution if you knew they were wasting 10% of your money? Exactly.

Why pay taxes when you can avoid it?

It has never been hard to avoid paying taxes. It's a good question then, why most people still do. The problem with taxes is not the taxes itself. Why would you pay the authorities money when you most likely get far less back in services and benefits than what you pay in. Hec, you could give your money to charity or support your favorite organizations instead, right?

The good news is that you don't necessarily have to pay taxes. The bad news is that in many cases you will need to break the law, or at least do your best to fight the law.

We wouldn't say it's easy to avoid taxes illegally, but the risk is high and if caught you will be paying more in interest and penalties than if you paid your taxes in the first place.

This article provides an interesting viewpoint on why the American current tax system is ethically bankrupt. If you live in any other country than the US these arguments may still be valid.

Avoiding Tax 101: Find your Tax haven

Wikipedia states that tax haven is "a place where certain taxes are levied at a low rate or not at all. This encourages wealthy individuals and/or firms to establish themselves in areas that would otherwise be overlooked. Different jurisdictions tend to be havens for different types of taxes, and for different categories of people and/or companies."

How to find a nice home for your money: You're just a few phone calls away. Do some research on your own and you're on your way. A lawyer would demand you to pay thousands of dollars for the information you will find on the pages below. Here you'll get it for free.

Find more information about your preferred tax haven below:

Switzerland

• Complete list to Swiss Banks
• Banking in Switzerland
• Swiss bank account – open your swiss bank account

Liechtenstein

• Liechtensteinische Landesbank –
• Liechtenstein – complete list to banks in Liechtenstein
• List with logos –

Bermuda

• Bermuda Monetary Authority – Warning List
• Bank of Bermuda – financial services, products and advice in Bermuda
• Butterfield Bank – a bank based in Bermuda, Barbados and the Cayman Islands

Cayman Islands

• Cayman Offshore Services –
• NCB (Cayman) –
• Butterfield Bank – a bank based in Bermuda, Barbados and the Cayman Islands

Barbados

• Bayshore Bank & Trust –
• Central Bank of Barbados –
• Butterfield Bank – a bank based in Bermuda, and the Cayman Islands

Netherlands Antilles

• ABN Amro
• Central Bank of the Netherlands Antilles
• Maduro & Curiel's Bank

Both offshore accounts and tax loopholes makes it easy to reduce or eliminate taxes. But our guess is that the best advice is not open to the public. It's easy to be creative, but it's even easier to get some help from offshore specialists, professional tax lawyers and other selected financial advisers.

Just a handful of them will give you some practical advice, so you'll need to find out who knows what first. Never give these advisors your real name. If they are not legimate you could go down with them if/when they get caught.

Paying your fair share

But of course, avoiding taxes is easy only when you know the methods. A great way to learn these methods is to contact a lawyer or anyone who would know these things. Unfortunatley, they are hard to find and they will not help you unless you give them a great deal of money.

So, if you want to be realistic about this, you need to do your own research through literature.

Avoiding taxes is easy. But keep in mind that there are different strategies for different situations.

© 2010 YouWillGetRich.com