Difference between tax evasion and tax avoidance is another common misconception and confusion people have, especially when they’re just starting to work with us.
Simply put – tax evasion is an illegal activity and it can easily get you in a lot of trouble. However, in many situations tax evasion is tolerated from a moral point of view, e.g. receiving cash tips or giving private lessons to someone.
On the other hand, tax avoidance is totally legal and involves tax reduction strategies, mostly for high net worth individuals, who wish to keep more of their own money, improve their lifestyle and enjoy numerous benefits.
About Andrew Henderson
Andrew Henderson is the world’s most sought-after consultant on legal offshore tax reduction, investment immigration, and global citizenship. He works exclusively with six- and seven-figure entrepreneurs and investors who want to “go where they’re treated best”.
DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.
