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Question What is the consensus on Offshores in 2021?

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I apologise for all the stupid questions that will follow. I've been out of the game for a while...

So with all this Panama Papers leak, all these restrictions, with FATCA and CRS and Putin's palace offshore uncovering... is offshore still a legitimate strategy to hide wealth in 2021 for those who are non-US people?

I know that US citizens are extremely restricted and no banks will accept them, but what for citizens of Europe, for example?

From what I see US is trying to become THE offshore capital of the world. They aren't really rejecting Europeans from holding stocks in their brokerages and money in their banks.

Are they sharing this information with respective governments automatically?

Do US brokers share info on EU stock holders?

Do US banks share info on personal EU citizen accounts?

What other options are there if you want to transfer wealth from individual to an offshore company in 2021?

With mandatory beneficiary owner declaration, what methods work?

What are your thoughts on having offshore that is registered by another offshore in another jurisdiction, that are held by a trust?

Do these schemes still work?

There was a lot of buzz about automatic exchange of information, but in practice, is anyone really doing anything?

Which structures still work?
 
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