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rainy

Active Member
Theoretically.

If one is staying in a countries X, Y, Z and has a bank account in a country A. Perhaps one is even a tax resident in country X officially, or not.
And one is doing business online, worldwide, with relatively small revenue, which is barely distinguishible from the transactions an average individual would generate, which is at most and in sum, $5k/month. Maaaaybe, sometimes..... close to $10k/mo, but not exceeding it for sure. And one receives payments to a bank account in that country A.

None of the said countries is US, UK, EU....

Would here be anything deemed criminal activity, tax evesation or anything similar? If yes, what presicely?
 

azb1

Mentor Group Gold
Small amount no body cares.
It cost more money for authority to investigate you.
 

rainy

Active Member
First - "some will ask questions, others - not" is equal to giving no answer.
Second - smurfing would take place in a narco-cartel :) A consultant or programer *laundering* $5k/mo or $10k/mo would be funny. Launder them from what? From doing actuall consulting or software business?
 
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OffMyBack

Mentor Group Gold
@rainy its not what you think it is. It is about the bank you use to make sure what it is NOT. They need the proof otherwise they are liable.
 

Admin

Forum Moderator
Staff member
First - "some will ask questions, others - not" is equal to giving no answer.
Second - smurfing would take place in a narco-cartel :) A consultant or programer *laundering* $5k/mo or $10k/mo would be funny. Launder them from what? From doing actuall consulting or software business?
Even small amounts will sum up, as @martin eversen said for some time, the tax man will lie in hiding for maybe 3,4 or more years before he strikes. By that time you may have laundered maybe 100K or even 300K and now we speak money which is of interest for the authorities.
 

Sols

Staff member
Mentor Group Gold
First - "some will ask questions, others - not" is equal to giving no answer.
If you want an answer that's certain for your situation, go ahead and see what happens. Try it and report back.

In the meantime, the best you can do are good answers such as @maxmmm's. It depends.

If you provide more details, we might be able to assess the risk but it's ultimately unknowable for anyone other than the people at your bank in that moment.
 

rainy

Active Member
@Sols
My question is rather theoretical.

Even small amounts will sum up, as @martin eversen said for some time, the tax man will lie in hiding for maybe 3,4 or more years before he strikes. By that time you may have laundered maybe 100K or even 300K and now we speak money which is of interest for the authorities.
Alrigh, but why would it be seen as a sum? Generally speaking, the taxman looks at at amount or shrehold on the yearly basis. And generally, the amounts under $10k or, perhaps, under even up to $100k per year - I don't know how much - are deemed ok or not worth digging in. Next year comes - counting from zero. No?
 
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rainy

Active Member
Besides, the taxman of the said countries X, Y or Z would come into play and try to do something only if a person became a tax resident of any or multiple of these countries -- X, Y or Z. Correct?
 
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