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Version vom 7. Mai 2026, 14:12 Uhr

Offshore tax evasion is crime in several onshore countries and includes jail time so it end up being avoided. On the other hand, offshore tax planning is Actually crime.

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Contributing an insurance deductible $1,000 will lower the taxable income belonging to the $30,000 per year person from $20,650 to $19,650 and save taxes of $150 (=15% of $1000). For the $100,000 each person, his taxable income decreases from $90,650 to $89,650 and saves him $280 (=28% of $1000) - almost double the!

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