Can someone explain Offshore bank accounts to me?

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Can someone explain Offshore bank accounts to me?

In: Economics

6 Answers

Anonymous 0 Comments

Having bank accounts in different countries.

Usually used for tax avoision purposes.

Folk can have money squirreled away usually in accounts with high interest.
The paper trail is awkward to follow and if they are in different names then there is plausible deniability.

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