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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOffshore assets: How does the money get there?
This is the important question. Moving your money directly offshore is traceable (unless it's cash on a private plane). Offshore accounts are OFTEN funded illegally. Bribes, payoffs - how are they delivered? You can't just cut the guy a check and have him drop it off at Bank of America.
Tax avoidance is one motive but a larger question is WHO FUNDED THE OFFSHORE ACCOUNT/S?
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Offshore assets: How does the money get there? (Original Post)
elehhhhna
Jul 2012
OP
There are some interesting stories about USB and Credit Suisse runners who
banned from Kos
Jul 2012
#1
banned from Kos
(4,017 posts)1. There are some interesting stories about USB and Credit Suisse runners who
deliver cash on private planes to clients in the USA.
elehhhhna
(32,076 posts)2. diamonds in the toothpaste tube!
JDPriestly
(57,936 posts)3. This question needs to be answered.
Some corporations hold board meetings in a country into which they deposit their money.
The income in those accounts may have been earned on foreign investments. All that off-shoring? Must earn money on the investments overseas.
AnotherMcIntosh
(11,064 posts)4. Wikihow -- How to Transfer Funds to an Offshore Bank Account
baldguy
(36,649 posts)5. One other thing - you don't open a secret offshore bank account for the free toaster.
You open a secret offshore bank account for the secrecy.