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  1. J

    How does CRS work?

    The question is how CRS works, not about the Philippines.
  2. J

    How does CRS work?

    I found on a website: How does CRS account reporting work? Financial institution always report to their local tax authority for CRS. It is the responsibility of the local tax authority to exchange the account information with the correct partner country. Which means that (for example) if I...
  3. J

    How does CRS work?

    I wonder how CRS reporting works. Do the tax authorities of a country contact a specific bank in another country, providing the TIN (?), passport No (?), name (?) of a person, and ask whether this person has an account in the specific bank? Or do the tax authorities of a country ask the tax...
  4. J

    Complete anonymity

    You have a "like" button. You need to add a "don't like your reply" button :) I think a trust in Panama gives you complete anonymity, but then I don't really trust a Panama bank with my life savings?
  5. J

    Complete anonymity

    I am looking to keep my money in a bank with complete anonymity. I am not US citizen and reside in Europe. In another thread @azb1 kindly suggested I do some things, which I interpret as such (below). I have some questions and some doubts. So, what I should do: 1) I open an Offshore trust, for...
  6. J

    Offshore Portfolio Bonds

    Well, if I don't declare it to the tax office, it's illegal.
  7. J

    Offshore Portfolio Bonds

    Thank you! This is good. I have two questions: 1) Suppose one day I want to withdraw some of the money to buy a house, or anything else. Wouldn't the tax authorities come to me and ask me where the money comes from? If they find out, I need to pay a big fine, so basically I wouldn't be able to...
  8. J

    Offshore Portfolio Bonds

    This is copy-pasted from the website "Expatra". I hope I can copy paste the passage?? (reading again, it doesn't talk about an ATM card, but I would get a bank account in the name of the insurance company): This company insures your life, establishes a bank account on your behalf, and you get...
  9. J

    Foundation talk

    I tried to open an account in Switzerland as a non-resident, and it was impossible in most banks. It's not illegal, but banks don't want to go through the hassle of doing so. The only one willing to do so was UBS at the airport of Zurich.
  10. J

    Offshore Portfolio Bonds

    I haven't been able to find information on this forum on Offshore Portfolio Bonds. Apparently you make a contract with an insurance company, and put a portfolio under their management (you can update it any time you want). You can do it for example for 20 years, and withdraw 5% a year without...
  11. J

    Foundation talk

    I am surprised there is not more talk about foundations on this website. After some research, it seems to me that foundations are the simplest way to hide money from the taxman, and the only way to do so legally (apart from trust, but trust is more complicated and has some disadvantages). The...
  12. J

    Private Foundation in Nevis

    Which banks could one use to open an account with a Nevis multiform foundation?
  13. J

    I haven't done anything yet. Right now I don't live in EU, but I will move there. I think...

    I haven't done anything yet. Right now I don't live in EU, but I will move there. I think opening a foundation and putting your money in it is the best option? What do you think?
  14. J

    Suggestion for cheap and discreet foundation

    I save about Euro 12,000 a year in taxes on dividends if I put them somewhere without a DTT with USA. More if I put them somewhere with a DTT with USA. So there isn't really much point in hiding my money if it costs more than Euro 6,000 a year or so.
  15. J

    Special limited partnerships (SLPs) in Luxembourg

    I have asked a company about family foundations in Luxembourg, and they said it's not yet established (still on the drawing board for 5 years or so), and they recommended a Special limited partnerships (SLPs) in Luxembourg. As far as I can see, while it is perfectly legal to give your money to a...
  16. J

    Suggestion for cheap and discreet foundation

    The advantage with a family foundation is that you give up your money, it goes to the foundation. So the taxman is happy to not tax you, because now the money is no longer yours. I read different articles confirming this.
  17. J

    Suggestion for cheap and discreet foundation

    Whom are you referring to???
  18. J

    Where does a company pay taxes?

    Thank you for your answer, much appreciated! Any idea how I can pay less taxes on dividends? I might go live in Italy, and I want to live off dividends. For US companies, if the company distributes $100 in dividends I will pay: 15% taxes in the US (remains $85), 26% of tax on $85 (remains...
  19. J

    Suggestion for cheap and discreet foundation

    Because most of my stocks, bonds and etfs are US domiciled. I pay 30% taxes. If there is a DDT I may pay only 15%.
  20. J

    Where does a company pay taxes?

    There is one thing I have difficulty understanding (I am not a US citizen and I don't live in the US): Suppose I open a company in Cyprus (or any other country). That company owns stocks, bonds, and etfs, and its income comes entirely from dividends from stocks, bonds and etfs. So the company...
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