Where do you receive payments? Your home country or offshore?

[JohnA]

Where do you receive payments? Your home country on a company with your personal name or offshore with nominee shareholder/director ?

[Moonlight Cat]

Neteller/Moneybookers. These services located outside my home country.

[TheGooner]

or offshore with nominee shareholder/director ?

You mean tax fraud?

As a US citizen you will know that all income - no matter where it is earned should be declared and taxed in the US. Of course there do seem legitimate ways to minimise tax through subsidiaries and tax agreements in low tax countries, but that only works as long as the income stays outside the US and in those countries.

But attempting to hide ownership through a tinpot company structure with a nominee so that you never declare your interest in the income for tax purposes is simply hoping to never be caught - and is outright tax fraud.

[Christiaan]

I do everything legal. Everything is on my own name in my company in Belgium. A lot of my money goes to taxes, social security etc but at least I don't have to be afraid to get caught.

[Moonlight Cat]

As a US citizen you will know that all income - no matter where it is earned should be declared and taxed in the US.

What is the tax rate in the US (max/min)?
Here in Russia we have 13% (regardless of income).
If you are small business owner you may pay 6%.

I think, that our tax rate is very good, but one problem - online gambling is illegal,
and gambling advertising - this is very grey area.

[JohnA]

There can be various legitimate reasons to have an offshore company, which does not include tax fraud.

In some countries, being an affiliate for online gambling companies might not be legal/might be a gray area.

You will essentially be forced at one point to promote brands and sites that operate in unregulated markets/gray areas. You will get payments from these companies.

A lot of gambling companies pay their affiliates from offshore accounts. This might raise questions at home regarding the nature of these payments and your relationship with those companies.

As a US citizen you will know that all income - no matter where it is earned should be declared and taxed in the US.

This is the same in, like, pretty much every single country on the planet?

[wonderpunter]

This is the same in, like, pretty much every single country on the planet?

Nope, Some countries if you are non resident you do not have a legal obligation to pay taxes in your birth country, Also quite a few countries have only taxable income on money made within the country itself, quite a few are in Latin America and Asia.

U.S Residents are liable for taxes anywhere even if they have no interest in returning to the states they still have to contribute to a society that they are no longer part of, unless they give up their citizenship which a few I know have done.

[JohnA]

unless they give up their citizenship which a few I know have done.

And as far as In know, they still get taxed in the US for up to 10 years after giving up their citizenship.

[MichaelCorfman]

Well, I voted for home country, through a company with my personal name attached. But that does not provide a very complete picture.

In my case there is a parent company in the United States that is the ultimate recipient of revenue received. Some, but not all revenue is received directly by the parent company. And the parent company corporation has my name on it as one of the corporate officers as a matter of public record.

But the parent company has some wholy owned subsidiaries. For example, a limited company in the UK. But that is not to hide anything. My name is listed in public records as the managing directory of the UK limited company. That subsidiary receives most payments (at least those related to the gaming industry), since it makes the most economic sense to receive payments in Euros and Pounds Sterling into an overseas bank account to minimize banking expenses, even though it is all eventually repatriated to the US, and even though it is all reported to the US government for tax calculation purposes.

Michael

[PROFRBcom]

D: All of the above.

[RacingJim]

Home country through a company. Though I must admit tax havens are a very tempting proposition, especially with the UK getting crapper by the year.