How to Use Charities for Tax Planning?
Вставка
- Опубліковано 22 сер 2024
- Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: calendly.com/m...
You can visit our websites for more information about us: offshorecitize... & www.offshoreca...
You've probably heard that ''the rich'' use charities to pay less taxes. I've known this even before I ever got into structuring business.
But how is this actually possible? What does it really mean? How can you use charities and charitable donations to pay less tax? Does it still work in this day and age?
When we talk about charities as a form of tax planning, we are talking about people with LOTS of money. People whose earnings surpass their lifestyle expenses by far.
This is not a strategy that a regular entrepreneur would use to save on tax. This is strategy for the mega rich.
Today we are covering all the technicalities behind chartitable foundations as a tax planning vehicle.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
Feel free to join our community!
Don’t forget to subscribe to our channel
/ @offshorecitizen
Wish I would have done this when I was making money before I was disabled. Hopefully I can do this in the future. And actually genuinely use it to help others...
I like your idea. Can we use it with the health patents I sent you in the press release?
Fantastically opaque entities in Canada for individuals that prefer to go in the evasion direction.
This is such an interesting topic almost noone talks about!
Glad you liked the video.
Any thoughts you'd like to share on the topic?
So if I have a Ltd Company and will be spending a reasonable chunk of what would normally be my personal income on charitable activity (caring for stray animals), I could set up a charity, payover my companies profits and then use these for the charitable activity and therefore save on corporation tax and personal dividend tax?
That's the broad concept yes
It will be interesting to see how much interaction this video gets. From my perspective, I always find it somewhere between obnoxious and amusing that, that "other guy's" channel always claims it's for: ..7, 8, 9, even ten digit entrepreneurs whom need to go where they are treated best. And, I say. Really? People with that kind of money are spending their time watching youtube videos on a regular basis?
Mass market videos for 8 and 9 digit people? LoL I guess it's marketing..
A lot of people made 8 figures from crypto overnight and don't know where else to go. If not "a lot" then at least "enough" to fill Michael's schedule.
Actually, you’d be surprised what kind of people are on UA-cam.
We had a similar perspective to yours beforehand, but after having this channel for a few years we learned that everyone is on UA-cam nowadays.
So, nothing is impossible.
I like your channel best. Thanks !
@@peaceonearth8693 Yea, you have no idea what you’re talking about. As usual, plebs like you are clueless, yet talk confidently about that which they don’t know. That behavior trait is what makes a pleb a pleb.
Bill and Melinda Gates foundation comes to mind...
What are your thoughts on it?