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Large corporations use offshore tax shelters all the time but they do it with permission. If they brought a tax auditor in and showed them everything they did, if the auditor was honest, he'd say all things are perfectly transfer pricing okay. That should also be your test. Ask yourself, you actually brought an auditor in and showed them all you did you reduce your tax load, would the auditor need to agree all you did was legal and above blackboard?

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During functions as your own Depression and World War II, the top income tax rate rose again, reaching 91% in war; this top rate remained as a result until '64.

Now, I am hardly suggesting you fail and occupy a life in wrongdoing. Tax issues are minor compared to spending quantity of jail. Frankly, it shouldn't be worth it, but it's very at least somewhat as well as humorous to see how federal government uses tax laws to go after illegal conduct.

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