re: Carribean Accounts/Offshore Accounts

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Has anyone ever set up an offshore account? Or have a "friend" have one? You always see it it in the movies and wasn't sure if normal joe's actually do this

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No, it's not normal. Unless you are doing some truly shady shite, an offshore account isn't going to help you out too much. Unless you are in insanely specific situations, you're being taxed on earnings and once it's taxed, why would you bother moving the cash out of country.

If you're running a cash heavy business and are trying to hide earnings, putting them in any bank would probably not be the best idea as it creates a paper trail. Any auditor will tell you, existence is by far the hardest thing to prove/disprove.