Protection of funds?

[void]

Any ideas or thoughts about protection of funds on bank accounts against taxation of balances (alike Cyprus 2013)?
Personal vs. company accounts?

 

[Sols]

Since deposit insurances usually apply per person per bank (person usually also meaning legal person, although with limitations on group entities in some cases), you could split your wealth across multiple banks and - if you run out of banks - multiple jurisdictions. That becomes very impractical for large wealth and expensive if you're paying every bank a monthly fee.

Investments carry a risk but are not considered balances.

 

[hernanday]

Any ideas or thoughts about protection of funds on bank accounts against taxation of balances (alike Cyprus 2013)?
Personal vs. company accounts?

My idea would be to put in a very capitalist nation that is run by wealthy capitalist who would not allow it. If you are not American, it would be a strong choice because it would likely not pass. You could also try well managed countries like Switzerland or something. Avoid high tax or borderline communist nations that facade as democratic or capitalist like Canada, I bet they'd love to role this out. Many Caribbean nations are a good choice not belize though,