Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 3 months ago

ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

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ELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?

Don_Dickle@lemmy.worldM to

Explain Like I'm Five@lemmy.worldEnglish · 3 months ago

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JimmyBigSausage@lemm.ee
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3 months ago
Interest income is definitely taxed.

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