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Originally Posted by wedouglas
But if you are getting wires or getting paid, and depositing to a swiss bank account, the record of that transaction is present in two spots. So what is the point?
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Quote:
Originally Posted by thinkx
Uhuh that explains all the formerly Nazi money they found there after the Swiss authorities informed everyone.
Get real, if you know 1% bout banking you know your statement is bs.
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I think what matters here is that the Swiss Banks / Swiss Government don't share their customers info with foreign governments / tax agencies on their own.
So unless there's some strong investigation in regard to you, then noone will know that you have the swiss bank account.
If you get payments from country A, to your swiss bank account ( Switzerland = country B ) and you live in country C, then you could theoretically not pay taxes on that income and noone would ever find out...
not that it is legal of course....