The Panama Papers got Galileo Capital Financial Advisor Warren Ingram thinking… Are there any good reasons to have money in offshore centres like Channels Islands, Switzerland, etc?
Are these places only meant for tax dodgers and politically connected people?
Scroll down for quotes from the audio below.
If SA is your home you pay tax on income you earn anywhere in the world.— Warren Ingram, Galileo Capital Financial Advisor
If you house your bank account in Mauritius – and you’re not a resident – they don’t tax you.— Warren Ingram, Galileo Capital Financial Advisor
You tell SARS where you put your money and what you earn in terms of interest and dividends.— Warren Ingram, Galileo Capital Financial Advisor
Tax havens have a well-earned reputation for housing criminals’ money.— Warren Ingram, Galileo Capital Financial Advisor
There are good tax havens and there are bad ones.— Warren Ingram, Galileo Capital Financial Advisor
Most South African unit trust companies’ offshore investments are housed in tax havens.— Warren Ingram, Galileo Capital Financial Advisor
It’s your right to legitimately avoid tax. It’s what you should be doing!— Warren Ingram, Galileo Capital Financial Advisor
Tax dodgers’ time is pretty much over.— Warren Ingram, Galileo Capital Financial Advisor
Go to Sars before it finds you.— Warren Ingram, Galileo Capital Financial Advisor
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