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Post by The Tasmanian Islands on Jul 11, 2019 11:20:40 GMT -5
Remember those Panama Papers 2 years ago? Basically that. Offshore banking is the act of having a bank account outside your country of residence, usually done by major companies and wealthy entrepreneurs. Offshore accounts are often associated with money laundering, tax evasion and illicit drugs & arms dealing. Though it's also argued they are useful to have in the case of financial instability and also provides ease of access when traveling. Yay or Nay? Leave your thoughts below.
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I'm going to say no. I agree that these sort of accounts are often used to hide money from the authorities, but I'm worried about the way this is worded. For example, if I moved to France for work, would I have to close all my American bank accounts? If I moved back, would I have to close all the French ones?
I think the answer to both questions should be "no," and I should be able to have foreign bank accounts. Especially if they serve a legitimate purpose.
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Post by Jabberwocky on Jul 14, 2019 17:21:13 GMT -5
Can I make a profit? Then I'm for it
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My wife works in Switzerland, we live in Germany. The only way that works is if she has a Swiss and a German account.
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My wife works in Switzerland, we live in Germany. The only way that works is if she has a Swiss and a German account.
that's a different thing... That's the reality of being in the UE... An offshore account would mean an account in another country with less taxes, but the person who owns it doesn't have work or home in that country, just uses it to pay less... Is that legal? Probably, I'm not a jurist... But it's morally condemnable...
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Post by Jabberwocky on Aug 26, 2019 22:29:03 GMT -5
Sheesh, I thought you meant gameplay.
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