Corruption is tax free.

I misled you. I meant a profit oriented business. And dont say run up the taxes then declare bankrupcy and relaunch in a new name. Soon you run out of friends names to use.

I have seen corruption wipe out all profits of a project. It even felt like the owner was a lowly paid employee of the officials offering the tenders. And blackmail just goes against my grain.

I do a project in 3 weeks with borrowed funds. Wait one year for pay. I pay(deducted at source) 16% VAT on whole value. 3% withholding. Officials must have lunch before they can process payments. This job may require a bribe before the order is issued. After the bribe it may take a year to get the purchase or service order.

Evading to pay taxes is unethical,unpatriotic and if you believe in the bible, that's a ticket to hell!

Earn your wealth justly!

They can. If they are tipped. Its a lot of work. They have to fully investigate your financial transactions before they approach you. Besides there are no bonuses for extra money brought in. Just targets and the bosses take all the chicken gate.

My question is, can we do things like rolling over the taxes by investing in real estate like they do in the US? Can we reregister the company in Singapore then work here as a foreign company? Et al What works here?