Do people that invest in things abroad in order to evade tax have quite a lot of money?

Or could it literally be just a thousand pounds? Just curious after reading into these offshore investment things. Wondered if the people that invest their money usually invest a hell of a lot at a time or maybe just relatively small amounts?

Thanks :D

Setting up an offshore corporation in order to evade taxes would require the services of a lawyer and an accountant. So you would have to have enough money such that the money saved in taxes would be more than the lawyer and accountant cost.

BTW, the IRS is very savvy to such tax evasion schemes, and will often pursue the tax evaders, disallowing the tax benefits. So on top of being expensive to set up an offshore corp, it's also very risky.

Relative is well... relative.
a thousand dollars (thats about 2 and a half pounds I think) Is a substantial amount of money, to me. I do not know your laws well enough to give you the positive/negative answer you might be looking for. However one bit of advice I give a lot is: If you want to be rich, find out what the rich people do, then do that. It is true a lot of rich people have a lot of their financial interests "offshore" Ofcourse to do it correctly does take a good amount of money, opening foriegn accounts etc. But consider how fast your base savings would grow if you could protect only 50% of your money from taxes....

Good luck.