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by bruce511 810 days ago
How far you go down the road of using structures for tax avoidance is up to you.

However it should be noted that the use of on-shore trusts to separate assets from risks and liabilities does not intrinsically have either a tax-saving goal, or a tax-saving effect (depending on your jurisdiction.)

Personally I make use of asset-protection structures, but in an on-shore context. I live here, I enjoy benefits here, and I'm happy to pay my share of taxes here.

My point is that offshore trust structures, and onshore trust structures (among other options) have very different use cases, tax implications, and costs. Use of one does not imply use of the other.

1 comments

Definitely. I certainly did not mean to conflate tax avoidance and asset protection, even though in some cases they go hand in hand. I apologise if I was confusing in my explanation.