PPRuNe Forums - View Single Post - Safe offshore account
View Single Post
Old 28th Jul 2017, 12:52
  #15 (permalink)  
Mr Good Cat
 
Join Date: Oct 2007
Location: Location, Location
Posts: 745
Likes: 0
Received 0 Likes on 0 Posts
Originally Posted by flareflyer
I have swissquote but i would like an account more "confidential".
The main reason is not because i want to hide my money but only because i want to protect what i hardly saved here.
Back home is not that clear if once you bring money back it will be taxed or not even though you made that money while you were abroad.
Is the Isle of Man safer?
What country is home? If it's the UK or Eire you shouldn't be taxed if you have evidence (i.e. you were proved non-resident) at the time you accumulated the money. This is easy enough to show through bank statements of deposits to your offshore account. If you transferring from an HSBC offshore to UK home account you won't even be scrutinized as the government already make HSBC declare large transfers and will know what you're doing as long as you're legitimate and non-resident. They were in trouble in the past for hiding tax avoiders so they're closely watched by the UK gov.

The US is a different matter entirely.
Mr Good Cat is online now