Re:Tax Evasion at the Top of the Income Distribution: Theory...
by ucha on Tuesday May 18, 2021 @12:53PM
(#27197509)
It's close to impossible to get a bank account in less reputable offshore jurisdictions which limits their use to holding physical assets or IP etc...
The not so funny part, is that the US isn't a member of CRS to they don't automatically send bank account of foreign citizens to their countries of residence. Major offshore centers aren't always where you expect them to be.
Not a tax expert, just a layman, but my understanding is that all it takes is one offshore center....