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Those are the main strategies that every citizen can use to limit their taxes. If you are self employed, there are unique things you can do that the average person cannot. Here are some tips to help if you run your own company and are faced with a mountain of taxes every year.
Also, you need to consider, that explanatory strategies are any bank account that is opened in a country other than your country of citizenship. They don't necessarily need to be opened in tax havens. Although they often are. This is why they are often treated with suspicion.
You can guarantee that all transaction will be between you and the bank. This is why you can be sure the interest that grows on your money in the account will be yours. You will not have to pay for any government taxes anymore. Just make sure that you know the terms of offshore banking.
The essential criteria to have access to ones money from these offshore accounts is very important. It is a brainy move to have a card issued by the offshore banks. The ATM is the source for you to deposit and withdraw your money using the offshore debit card.
Now, don't get worried. Millions of people are moving their money offshore and it is completely legal. In fact, there wouldn't be such a fuss about it from domestic governments if so many citizens weren't moving their money abroad. Governments know they can't stop it, and it infuriates them to no end.
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