Thread: Warning for Paxum, Payoneer users, AEOI (automatic exchange information) is coming, beginning 2018
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Old 03-28-2017, 06:11 PM  
hausarzt
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Join Date: Jan 2011
Location: Somewhere in Germany
Posts: 815
Quote:
Originally Posted by CrazyMartin View Post
belize is offshore

probably the last way to hide your ass is offshore company with nominee director who open bank account for you


more info about automatic reporting: https://en.wikipedia.org/wiki/Common_Reporting_Standard
From the wiki page:
Information to be exchanged:
...
4. the account balance or value as of the end of the relevant calendar or, if the account was closed during such year or period, the closure of the account

Wut? If my balance at the end of the year is down to zero = no taxes?
I don't read anything about the overall-year-money-flow.
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