if he isn't trying to disguise what he is doing
HM, odds are, this question was asked to hide the money.
They could never get Al Capone for any crimes, but they got him for Income Tax Evasion. With the banking systems Worldwide on high alert, it would be risky to try hiding income.
Why take that risk anyhow? It seems like once a month some kid comes in here asking about offshore. What are the benefits IF you are going to stay legal?! More interest? (Doubtful) Security? (LMAO)
It's better to pay the tax and be done with it. There are plenty of writeoffs available and such. I have personal experience with the IRS from my ex... its NOT fun when they start taking even your clothing to sell.
