[Mac4Lyfe]

A friend has a lot of money that he would like to move out of the US. Been hearing some Caribbean countries and south American ones, don't share info back to the US??? He's open to any country that is safe and private.

[greenhippo]

Switzerland

/thread

[Darkside Magick]

I work in this area...what is your net worth....each person is different

[The Prick]

aint none

anybody dealin USD reports to IRS and Dep of Treas

so depends if shady money or legit

gold son, held in switzerland

[Darkside Magick]

Switzerland

/thread

Swiss not a good place unless your money is substantial

[greenhippo]

I assume by Mac saying that he has a lot of money, enough money that he'd like to hide it would make it substantial.

Unless he's worried about hiding $50k?

[pulledclear]

Well at least you came to the right place for advice. Dead as a HAMMER.

[downsouth]

Couch Cushion, Mattress, Safety Deposit Box.

He gets caught in 98% of the other scenarios. And SBR would have to be the near the bottom of places one would look on advice for how to hide money. Unless, hiding it/giving it to your local bookie is on the table.

[Smoke]

Well at least you came to the right place for advice. Dead as a HAMMER.

[crustyme]

folds in lakerboys 500lb body.

[Darkside Magick]

In the caribbean the strongest offshore is Antigua and Nevis/st kitt....in south America it is uruguay

[Darkside Magick]

Also I would advise getting a second passport ..certain countries will give you one if u participate in certain programs

[pulledclear]

1. Is that your Lover?

2. When he fcks you up the ass does he rest his fat on your back?

3. How do you breathe when you tongue his sht box?

[MUHerd37]

Belize, Cayman Islands, St. Kitts and Nevis

[freeVICK]

That's TTs idol

[physed]

Use pidgeons

[Mac4Lyfe]

Hmmm, do you know if they report to the US? The money is legit but the guy doesn't want it associated with the US in any shape or form. Can he just open up an account at an Antiguan bank? He's looking at putting away several million dollars. He won't need much access to it as he won't use it but would like it get decent interest.

In the caribbean the strongest offshore is Antigua and Nevis/st kitt....in south America it is uruguay

[Mac4Lyfe]

Gambling degenerates are probably the best people for this info.

Well at least you came to the right place for advice. Dead as a HAMMER.

[pavyracer]

In a pillowcase under the mattress.

[DoYouNotGetIT]

Hmmm, do you know if they report to the US? The money is legit but the guy doesn't want it associated with the US in any shape or form. Can he just open up an account at an Antiguan bank? He's looking at putting away several million dollars. He won't need much access to it as he won't use it but would like it get decent interest.

It is illegal by at least 1 or 2 ways, because it is personal income so you have to pay taxes or you have to report offshore personal bank accounts to the IRS now. Used to be legal to have offshore personal bank account now it is illegal unless it is reported to the IRS which defeats the purpose of a offshore bank account. A lot of rich people have illegal bank accounts or have a business overseas and use that business bank account as a personal account. If you get audited you cannot use that business bank account for personal expenses otherwise you will be in a lot of trouble. Also you have to take into account the country you are putting the money, because unless it is the Euro you can get back a lot less money or a lot more depending upon how that country's currency performs against the United States Dollar.

[Mac4Lyfe]

This would be a trust managed by a trustee. The trust may or may not pay wages to a few US beneficiaries that would then have to report that income of course. The trust may buy property or assets in the US as well.

Would the US have a way of knowing how much money is in an offshore trust in another country? Would Antigua report high dollar accounts to the US is my biggest question? Are these governments in cahoots with the US where they can seize assets or do they say FU USA? I know the US was putting pressure on the Bahamas and Switzerland a few years ago to report large transactions. I never found out the final verdict?

It is illegal by at least 1 or 2 ways, because it is personal income so you have to pay taxes or you have to report offshore personal bank accounts to the IRS now. Used to be legal to have offshore personal bank account now it is illegal unless it is reported to the IRS which defeats the purpose of a offshore bank account. A lot of rich people have illegal bank accounts or have a business overseas and use that business bank account as a personal account. If you get audited you cannot use that business bank account for personal expenses otherwise you will be in a lot of trouble. Also you have to take into account the country you are putting the money, because unless it is the Euro you can get back a lot less money or a lot more depending upon how that country's currency performs against the United States Dollar.

[lemart5]

This would be a trust managed by a trustee. The trust may or may not pay wages to a few US beneficiaries that would then have to report that income of course. The trust may buy property or assets in the US as well.

Would the US have a way of knowing how much money is in an offshore trust in another country? Would Antigua report high dollar accounts to the US is my biggest question? Are these governments in cahoots with the US where they can seize assets or do they say FU USA? I know the US was putting pressure on the Bahamas and Switzerland a few years ago to report large transactions. I never found out the final verdict?

Those banks have started reporting already that was the verdict .His best bet is to create a shell company in Iceland.

[DoYouNotGetIT]

This would be a trust managed by a trustee. The trust may or may not pay wages to a few US beneficiaries that would then have to report that income of course. The trust may buy property or assets in the US as well.

Would the US have a way of knowing how much money is in an offshore trust in another country? Would Antigua report high dollar accounts to the US is my biggest question? Are these governments in cahoots with the US where they can seize assets or do they say FU USA? I know the US was putting pressure on the Bahamas and Switzerland a few years ago to report large transactions. I never found out the final verdict?

They find out in Switzerland, because some computer nerds who worked for UBS (Bradley Birkenfeld) and HSBC (Hervé Falciani) hacked the system got all the information then handed it over to the US government for the reward (whistleblower) money. All trusts in a foreign country and in the United States have to be made public by law (George Soros actual net worth was found out because of this). If George Soros cannot hide it then your friend cannot.

[nayslayer]

Best advice here is not to take any advice from anyone here

[byronbb]

He should look at bitcoins if he is willing to take a huge risk with massive upside.

[DoYouNotGetIT]

Best advice here is not to take any advice from anyone here

I am just saying it is illegal. I not giving advice on where to put it or how to do it. Just if you decide to do it know it is illegal and be sure you know that the country has a stable currency unlike Brazil.

[DoYouNotGetIT]

He should look at bitcoins if he is willing to take a huge risk with massive upside.

Won't say that is such a great bet since most of the money (bitcoins) are tied to being able to buy illegal items online (drugs and other items) and the bitcoin already hit their high. At anytime any government can track the IPs on Silkroadmarketplace or any other site deep website (site accessed with TOR) now.

[gauchojake]

Hey look at me I know someone with a lot of money who needs advice from the internet!!!! Dumb dikk motherfukker.

[Bet10Heinekens]

I smell bullshit

[Smoke]

Under drinkers bed

Why?????

Its smells like old feces

[gauchojake]

Get under the bed smokie!

[DoYouNotGetIT]

I smell bullshit

I agree because someone who is rich is going to tell someone about their plans to do something illegal for the reason the thread starter can rat him out to the IRS and collect a percentage of the money.

[gauchojake]

Saloon this shit

[Seaweed]

718 Jane Avenue

[Smoke]

Get under the bed smokie!

You first