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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: combjelly who wrote (954133)8/5/2016 9:45:35 AM
From: Bonefish  Read Replies (1) | Respond to of 1578161
 
It's a tax dodge.



To: combjelly who wrote (954133)8/5/2016 12:48:06 PM
From: Broken_Clock  Read Replies (1) | Respond to of 1578161
 
Here is a hint. It isn't a bank account.
lol

sure it isn't

IT IS said that nothing in this world is certain except for death and taxes. For those with clever accountants, however, the latter can be kept to a minimum. Individuals have various ways to avoid tax legally by using structured tax shelters or changing their place of residence. Tax evasion is a different matter, treated as a criminal offence in many countries (though famously dealt with more leniently in Switzerland). The smartest evaders use a combination of bank accounts, shell companies, trusts and foundations—often fronted by nominees—in one or more offshore financial centres.


http://www.economist.com/blogs/economist-explains/2013/12/economist-explains-5