Reply to this topicStart new topic
> Got An Idea!
Spock
post Jun 11 2014, 12:19 AM
Post #1


GMC:er
*

Group: Members
Posts: 1.295
Joined: 26-December 12
From: South Carolina, U.S.A.
Member No.: 17.265



Not sure if it will work, but we've talked some about the cost of purchasing a guitar from another country and having to pay duty tax.

The idea occurred to me, when I so generously and selflessly offered to allow Cosmin to store his Ibanez at my house (to which I am sure he is thrilled and relieved), that if you sent the cash to someone in the country where the guitar is located, that person could purchase it and send it to you - but it would be called, "lending it out" just to get around the paperwork and duty tax. Shipping would be added, but that may be a loop hole.

Attached Image

This post has been edited by Spock: Jun 11 2014, 12:36 AM
Go to the top of the page
 
+Quote Post
Spock
post Jun 11 2014, 01:03 AM
Post #2


GMC:er
*

Group: Members
Posts: 1.295
Joined: 26-December 12
From: South Carolina, U.S.A.
Member No.: 17.265



So basically Jack lives in Country A, and Jill lives in country B.

A guitar sells for $300 in country B and $600 in country A.

Jack PayPals Jill the $300, plus the $160 for shipping. Jill purchases the guitar as her own - and then mails it to Jack to "borrow" forever.

Nyerk, Nyerk, Nyerk.

Would that work?

Also maybe a way to get a vintage guitar from another country and avoid duty tax.
Go to the top of the page
 
+Quote Post
Azzaboi
post Jun 11 2014, 05:45 AM
Post #3


GMC:er
*

Group: Members
Posts: 1.485
Joined: 23-March 09
From: New Zealand
Member No.: 6.965



Tax evasion is the illegal, so shh we will never do this 'wink, wink'...

Have you been reading 'What rich parents teach their kids'? Only the rich is meant to find out these loop holes to avoid tax.

ps: IRS can tell the money flows and will detect this method if a pattern occurs. You would also have to know and trust the other person. You can bypass this by sending the cash as a 'loan' rather than a 'gift', but then that person should have to pay it back in the future.

This post has been edited by Azzaboi: Jun 11 2014, 05:58 AM
Go to the top of the page
 
+Quote Post
Todd Simpson
post Jun 11 2014, 06:24 AM
Post #4


GMC:er
Group Icon

Group: GMC Instructor
Posts: 15.149
Joined: 23-December 09
From: Atlanta, Georgia, USA
Member No.: 8.794



This is the part where I remind everyone that GMC does not in any way, shape or form condone the violation of any local/regional/international laws smile.gif


--------------------
Go to the top of the page
 
+Quote Post
Azzaboi
post Jun 11 2014, 06:56 AM
Post #5


GMC:er
*

Group: Members
Posts: 1.485
Joined: 23-March 09
From: New Zealand
Member No.: 6.965



Haha - We are just friendly chatting about it, it's not like the US Government have spent billions of their own legal Tax Payers money on wasting their time spying online at their citizens (globally).

ps: I don't know if you know what 'Nyerk' actually means, but it's internet slang for 'Replacement Swear-word', so I'm assuming you meant it as NSA. laugh.gif

DISCLAIMER: This user loves dark satire comedy, stereotyping to the extreme and joking. Nothing he says should be taken seriously and is merely white noise to screw up and waste more of your government funds until you have bankrupted your country and it's citizens rise up.

This post has been edited by Azzaboi: Jun 11 2014, 06:58 AM
Go to the top of the page
 
+Quote Post
Spock
post Jun 11 2014, 09:23 AM
Post #6


GMC:er
*

Group: Members
Posts: 1.295
Joined: 26-December 12
From: South Carolina, U.S.A.
Member No.: 17.265



QUOTE (Todd Simpson @ Jun 11 2014, 01:24 AM) *
This is the part where I remind everyone that GMC does not in any way, shape or form condone the violation of any local/regional/international laws smile.gif



huh.gif


I failed to mention that I would personally NEVER condone such infantile behavior.




QUOTE (Azzaboi @ Jun 11 2014, 01:56 AM) *
ps: I don't know if you know what 'Nyerk' actually means, but it's internet slang for 'Replacement Swear-word', so I'm assuming you meant it as NSA. laugh.gif



I should have typed Nyuk, I didn't know that about Nyerk.


Referring to too...



This post has been edited by Spock: Jun 11 2014, 09:23 AM
Go to the top of the page
 
+Quote Post

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 


RSS Lo-Fi Version Time is now: 19th October 2017 - 08:08 AM