Mr. May mentioned corporations; I'd like to hear comments on a concept.... Let's suppose an offshore corp. is established somewhere; perhaps Grenada, perhaps Belize, or where ever. You work for this corporation; the corporation produces a product or service. Now, here is where the potential seems to be: the corporation generates bills from the offshore location. Customers pay to the corp., mailing to the offshore location. Constructive receipt, then, is offshore. My understanding is that corporate earnings are subject to the host country's tax, NOT U.S. tax. And, tax waivers are not difficult to get from these other countries. If one wishes to take some risks, the corp. then makes a loan to the individual, at a fair market rate of interest. This would be in addition to whatever miserly wage the corp. paid to it's employees. Of course, the person would be obligated to declare a forgiven loan as income; they would be on their honor to do so, since there would be no paperwork.... Any thoughts? Or is there a gigantic hole in my thinking? Regards....