04-01-2010, 05:03 PM
so, does this mean that people won't be able to money launder or stash huge amounts in offshore accounts in an effort to stop paying tax on any interest? that they'll have to show how and where they earned all those gazillions that get filtered out of a country?
in truth if you're legit you can move your money anywhere. the money is with held, not taken. if legit you get it back. it looks like what they're saying is if you make money you get taxed on it where ever it is. about times these rich bastards who funnel funds overseas finally get made to pay tax.
i'd of thought it was the so called rich elite who have huge oversea bank balances?
as for companies who have to have overseas accounts. it would be a running balance which would be all above board so they would be okay.
in truth if you're legit you can move your money anywhere. the money is with held, not taken. if legit you get it back. it looks like what they're saying is if you make money you get taxed on it where ever it is. about times these rich bastards who funnel funds overseas finally get made to pay tax.
i'd of thought it was the so called rich elite who have huge oversea bank balances?
as for companies who have to have overseas accounts. it would be a running balance which would be all above board so they would be okay.