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Old 29th April 2008, 12:02   #19
tim123
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Join Date: Jul 2005
Posts: 2,379
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Quote:
Originally Posted by Close2Bankrupt View Post
From my understanding all of the management companies offer a similar deal, and tell you that they are either fully tax compliant, or are currently tax compliant due to a loophole in the German laws..

No they don't. They tell you that you are compliant based on the "not getting noticed" rule. There is no loophope that allows you to channel funds offshore and not pay tax on it, just one that enables you go home before anybody notices.

HTH

tim
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