Dave, while you are correct that your methods would work if a person was not a citizen of the US, it would not work for Americans. The US taxes world wide income regardless of source, it's the only country to do that. After the first $90k that's exempted for expats spending 335 days aboard, unless you're in a country that has a double tax agreement with the US (HK is only shipping and Sing does not), you still have to pay US taxes on your foreign earned income, which includes dividends. If you never renew your US passport you can get away with not paying US taxes somewhat. However if the FACTA law gets implemented and you have more than $50k in a foreign bank account, you will get reported to the IRS.
Best you can do maintain some sort of permanent non-residency, have your money stored in offshore companies, have them pay what work expenses you can while reinvesting the profits. When you need to claim the income, use the 90k exemption and take the rest out in a low tax country with a double tax agreement with the states.
Best you can do maintain some sort of permanent non-residency, have your money stored in offshore companies, have them pay what work expenses you can while reinvesting the profits. When you need to claim the income, use the 90k exemption and take the rest out in a low tax country with a double tax agreement with the states.