Can He Keep the Income Offshore?

It used to be the case that a us. Person could physically go off shore, and that us. Person go off shore could own or operate or open an offshore company. As long as those earnings were not paid to the individual, there would be no taxes due currently. But that changed with the two thousand 17 tax cuttin jobs act,. The trump tax is the worst thing to hit the offshore planning world in a very long time. So if i live off shore and i have an offshore company, i can reduce the taxes subject to the guilty tax rules, but i cannot eliminate them.