Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 2 days agoELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?message-squaremessage-square30fedilinkarrow-up1109arrow-down13
arrow-up1106arrow-down1message-squareELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 2 days agomessage-square30fedilink
minus-squareJimmyBigSausage@lemm.eelinkfedilinkEnglisharrow-up2·2 days agoInterest income is definitely taxed.
Interest income is definitely taxed.