/biz/ - Business & Finance

>open up a LLC in Seychelles for $2000
>make your lawyer director and yourself the only shareholder
>open up a bank account in Cayman Islands on behalf of your Seychelles LLC
>open trading profile on an exchange on behalf of your Seychelles LLC
>make $X.000 profit from crypto trading
>deposit that $X.000 to the Cayman Islands bank account that belongs to your Seychelles LLC
>then your Seychelles LLC 'loans' you that $X.000 at an interest rate of 0% and repayment duration of 99 years which you don't really have to pay back since you own the Seychelles LLC
>the Seychelles LLC deposits the $X.000 from the Cayman Islands bank account to your private account in your home country
>you don't have to pay tax on loans

Give me ONE reason why this wouldn't work