Recent content by santosg

Why would they capture someone on video??

If someone in the u.s. was using an offshore bank debit card that was registered to "someone else" in some third world country when in fact its the same person, if not fatca then who or what might uncover this "flaw"? Would the issuing bank/s start to notice usage but not in the respective...

I dont know, why dont you tell me??

But how could fatca or aeoi, tiea, or crs discover any of this then???

If a u.s. greencard holder gives an offshore bank a physical mailing address but in another country because they were born in honduras or belize or suriname and their home is in either of these countries but in reality they live in the u.s., how could either the bank or anyone else uncover this...

But how could banking fraud go undetected then???

But what if someone lives in the u.s. but keeps a home in costa rica and uses a costa rican address to open offshore bank accounts and fatca never finds out about this assuming they got a debit card they wanted to use in the u.s.???

You still havent told me anything....

How exactly does the automatic exchange of information, tax information exchange agreements, and common reporting standard detect tax evasion if not by cross referencing information? How can these three protocols detect even the most fancy tax evasion techniques used by clever people around? Can...

But youre missing the point. If theyre using the address in costa rica to open an offshore account in dubai which is the gateway to nordic countries, singapore, and switzerland, how would fatca find out about it then if the banks have it registered to someone who lives in costa rica and not the...

How exactly does the automatic exchange of information, tax information exchange agreements, and common reporting standard work when it comes to offshore banking? How do these 3 protocols uncover tax evasion loopholes assuming they do? Would there be anything that any of these 3 might miss? Case...

Would it be a good idea for a canadian citizen to deposit like 3 million usd in offshore banks across brazil? Would this amount be too risky to leave in brazil?

How on earth could anyone justify 1.4 or 1.6 billion usd after spending a year in Dubai and then returning home to the u.s. and declaring such amount? The oil business? How could such amount ever be justified using fincen form 105? Could such amount be feasibly justified under any circumstances...

Why there? Why not here?

Even if a u.s. citizen returning from Dubai after being there for 1 year could justify 1.4 billion usd back in the u.s., would this amount raise red flags to IRS officials? What would officials make of such scenario as far as credibility? How would they go about taxing the american back home...