How to NOT Legally Reduce Your Taxes (Common tax optimization mistakes)

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Today we will talk about How NOT to legally reduce your taxes. In other words ideas people have about how to supposedly reduce your taxes that simply aren't true.
Many people have these crazy ideas about how the rich optimize their taxes, or even better how they completely avoid paying them.
You are probably familiar with the most famous place in the Offshore World, which used to be a tax haven - Cayman Islands. Along with it goes the British Virgin Islands. Places where billionaires hide their money.
Well, it all sounds great but in reality IT DOESN'T WORK, not anymore!
Here we are debunking what most people believe in, and no Jeff Bezos is not hiding his money in any of those.
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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.
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Author: Michael Rosmer
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