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Reply To: is it safe not to report your income to your government?

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#763570
maranda
Member

wow… 42% tax rate…
why not set up a personal bank account (HSBC) in Hong Kong, no tax is needed, or if you have large amount $, you may set up a limited company (if your profit is very very high) , with the tax rate is only 15%. You can withdraw cash at your own countries by ATM. so u may skip the 40% tax…
some people may against my idea… but if you feel uncomfortable, you may put some % of your profit to your local charity.
this is my thought.