+TheRock2013 Look up FATCA. Because there are many countries that have agreed to the terms of this, individuals could be reported to the US gov't. That's not the case for shell companies.
+TheRock2013 Or just hide it in the US. www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states The Clintons do it, so can you. Thanks Obama. www.businessinsider.com/bill-clinton-has-a-mysterious-shell-company-2015-5?IR=T
Shawn Afshar. Shell companies are legal. It's how you use them. Shell companies do have legitimate business purposes, for example, act as trustee for a trust, and not engage in any other activity on its own account. This structure creates limited liability for the trustee. A corporate shell can also be formed around a partnership to create limited liability for the partners, and other business ventures, or to immunize one part of a business from the risks of another part. Shell companies can be used to transfer assets from one company into a new one, while leaving the liabilities in the former company or be used illegally for tax evasion, tax avoidance, and money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, from government authorities, besides others.
+GMUStudentDesign Lol he couldn't run a lemonade stand correctly without having to declare bankruptcy, what makes you think he could handle international commerce?
+GMUStudentDesign Once a shell company is established in foreign lands by a law firm, they are BY LAW to keep clients' information confidential from other government authorities such as the US. He can try, but he'd be challenging the laws of a foreign jurisdiction.
islandbee Interesting point. IMO instead of 'challenging the laws on a foreign jurisdiction', strengthen your own (Corporate Tax Reform). In this case, it'd be similar to how a travel ban might work. No Americans can visit that country, and if you do you'll be on a watch list for wrong doing. The government knows exactly how these loopholes work b/c they use the same loopholes. This could have been done yesterday, if it did not effect their own pockets.
islandbee Republicans in our Congress are legislation wizards. When NASA started releasing data proving our country was quickly running out of water they whipped up legislation to defund the space program instantly. And when they heard 86% of planned parenthood revenue comes from abortions (an absolute lie but they believed it anyway) they flooded the red states w/ planned parenthood 'hallway width bills' to shut down the majority of facilities. dailycaller.com/2015/05/01/congress-to-slash-nasas-global-warming-research-budget/ www.politifact.com/punditfact/statements/2015/oct/05/dana-loesch/Planned-parenthood-86-percent-abortion-revenue/ Our government is strong as fuck when it comes to regulations and we could eradicate this issue immediately. But politicians (on both sides of the aisle) tend to drag their feet when legislation hurts their own pockets.
Okay, this shows how to make the shell company. Can you do a video on how to avoid taxes using this "company"?
Marcus Fossa you’re better off just putting your money in an offshore account. The Cayman Islands, Switzerland, Germany, and Belize are all tax havens
@@Cesarhbb. Germany? hahahahahahahaahhaahha
Wow brilliant. Do a web search and hire someone to do it for you.
Alright. Who wanna sell some "sugar" with me?
Nr 1 reason for all offshore shell companies: Tax Evasion.
no my friend tax avoidance. A fool and his money are soon departed.Only the wise seek to reduce their taxs.
@@edben24, This.
Money laundering
Anyone know where the thumbnail comes from?
+Peopleyay trumps private island
but why do i need a company? i can hide my money in foreign bank
+TheRock2013 Look up FATCA. Because there are many countries that have agreed to the terms of this, individuals could be reported to the US gov't. That's not the case for shell companies.
+TheRock2013 Or just hide it in the US.
www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states
The Clintons do it, so can you. Thanks Obama.
www.businessinsider.com/bill-clinton-has-a-mysterious-shell-company-2015-5?IR=T
hmmmmmmmmmmmmmm -- nice
Why loud music over the voice ?
this is legal?
Shawn Afshar. Shell companies are legal. It's how you use them. Shell companies do have legitimate business purposes, for example, act as trustee for a trust, and not engage in any other activity on its own account. This structure creates limited liability for the trustee. A corporate shell can also be formed around a partnership to create limited liability for the partners, and other business ventures, or to immunize one part of a business from the risks of another part. Shell companies can be used to transfer assets from one company into a new one, while leaving the liabilities in the former company or be used illegally for tax evasion, tax avoidance, and money laundering, or to achieve a specific goal such as anonymity. Anonymity may be sought to shield personal assets from others, such as a spouse when a marriage is breaking down, from creditors, from government authorities, besides others.
very
czcams.com/video/wuBRcfe4bSo/video.html
Laundromat trailer movie about shell companies. Lmao CNN smfh
Whatever, legal or illegal, I never liked this idea!
(Sun 10 Oct 2021 19h07)
r u joking. 1. people who live abroad / 2. streamline cash flow. what's sort of language is that??? misleading 🤔
fix the bloody mic before you release a video CNN "business"
Everybody gangsta till CNN replies "Thats none of your 'business'."😂
Bernie please fix this shit.
+GMUStudentDesign Lol he couldn't run a lemonade stand correctly without having to declare bankruptcy, what makes you think he could handle international commerce?
FishizzleBoy Because he's the only candidate who gives a shit about it.
+GMUStudentDesign Once a shell company is established in foreign lands by a law firm, they are BY LAW to keep clients' information confidential from other government authorities such as the US. He can try, but he'd be challenging the laws of a foreign jurisdiction.
islandbee Interesting point. IMO instead of 'challenging the laws on a foreign jurisdiction', strengthen your own (Corporate Tax Reform). In this case, it'd be similar to how a travel ban might work. No Americans can visit that country, and if you do you'll be on a watch list for wrong doing.
The government knows exactly how these loopholes work b/c they use the same loopholes. This could have been done yesterday, if it did not effect their own pockets.
islandbee Republicans in our Congress are legislation wizards. When NASA started releasing data proving our country was quickly running out of water they whipped up legislation to defund the space program instantly. And when they heard 86% of planned parenthood revenue comes from abortions (an absolute lie but they believed it anyway) they flooded the red states w/ planned parenthood 'hallway width bills' to shut down the majority of facilities.
dailycaller.com/2015/05/01/congress-to-slash-nasas-global-warming-research-budget/
www.politifact.com/punditfact/statements/2015/oct/05/dana-loesch/Planned-parenthood-86-percent-abortion-revenue/
Our government is strong as fuck when it comes to regulations and we could eradicate this issue immediately. But politicians (on both sides of the aisle) tend to drag their feet when legislation hurts their own pockets.