How to boost returns by deferring taxes.
Taxes take a big chunk out of domain name investment returns. What if there was a way to defer taxes, and reinvest that money in more domains? It’s possible, and today’s guest Kirk Chisholm of Innovative Advisory Group explains how. Chisholm previously answered questions on a Q&A with Domain Name Wire.
Also: NamesCon recap, Banana.com, Frank Schilling gives away domains, .Boston, GoDaddy investor app and .Club sales.
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Open an Offshore company in Cayman Islands, Panama etc … register all domains on behalf of that company and you will never have to pay taxes or keep accounts. The sole thing you have to pay is the annual tax for keeping the company licensed which goes from $500 to $2,000 per year depending the country you choose: absolutely nothing else … If you make profit selling domains you´ll keep over 90% …
Andrew Allemann says
I wouldn’t do that as a U.S. citizen.
Why not ??? Can you explain …
There´s nothing wrong choosing to lower your tax expenses; legally …
U.S. citizens are taxed on all income from all sources worldwide. The only way to get around it is to renounce your U.S. citizenship.
Same here in SPAIN …
The best thing about an offshore company is that the owner is anonymous, so your government will never know you are operating an offshore co.