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Offshore Umbrella Companies Advice

Offshore Umbrella Companies Advice You can get the best offshore umbrella companies advice here. Offshore umbrella companies are legal provided they follow UK law. Contractors can get returns of 85% or more from using these companies. This is a lot more than they can get from using onshore umbrella companies or personal service companies. [caption id="attachment_851" align="alignnone" width="300"] offshore umbrella companies for contractors[/caption] Tax Avoidance and Offshore Umbrella Companies It is tax avoidance, of course, but not tax evasion. Tax evasion is illegal. Tax avoidance is not. Many of these companies are on the Isle of Man. However, they follow UK laws. They take all of the contractor's money and invest it. They give the contractor loans in lieu of this income. Loans are not taxable. The loan money is never repaid and loans lapse on a person's death. [caption id="attachment_915" align="alignnone" width="259"] Offshore Umbrella Companies Advice for UK contractors[/caption]

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