CbWhores, that was a very insightful post. I’ve thought about the same thing myself. Are there any gambling attorneys that might be able to provide us with some direction on something such as owning “stock” in an offshore gambling company (that one would still operate from the US)?
I think that it gets complicated because if you are still operating from the US, which I assume most US affilaites will be doing, it doesn’t matter where the corporation is located. I asked my CPA about this once because I was going to incorporate in a state such as South Dakota or Nevada or even get residency there to avoid state taxes. He said it wouldn’t matter because I’m still OPERATING from Minnesota and MN taxes would still apply.