[gnicholas]

Not for individuals — US taxpayers have to pay tax on their worldwide income, though they can get credit for foreign taxes paid to other governments. When the income is received by an entity in a tax haven, there is generally no credit to be had.

Speaking generally, if a corporation is owned by fewer than 10 US taxpayers, there is no effective deferral. This is based on the assumption that closely-held companies are being operated at the behest of the owners and will be structured in a way that is tax efficient for the individual owners.

Public companies are not subject to these rules, and they can defer paying tax on some types of income.

[eonw]

yea i was more thinking of "earning" it and keeping it in the entity until its needed or wanted. that would allow you to defer taxes, yes? i was under the impression that it is not income until its paid to me as salary or dividends, that could be wrong though.