Idea for CRS circumvention

[Educate]

Theoretically if one was to indicate a slightly different personal code, address and other identifiable data that wouldn't be recognisable by local IRS, but would be sufficient to open account in brokers, banks and what not...wouldn't that be good circumvention?

 

[daxbr]

Unlikely for long term. Downside is loss of obscurity as case would end up being evaluated manually and obscurity is your best friend.

 

[Educate]

daxbr said:
Unlikely for long term. Downside is loss of obscurity as case would end up being evaluated manually and obscurity is your best friend.
Click to expand...

What do you mean by "loss of obscurity"?

 

[daxbr]

obscurity : condition of being unknown.

 

[Tax Cow]

Not a solution, but it's certainly an obstacle. An overloaded tax official is somewhat likely to skip your report and target others, the lower-hanging fruit.

If you intend to leave the country in a few years, I do not hate your plan. If you intend to stay, you need to put up more obstacles to sleep with a peace of mind. I'm aligned with @daxbr in that it's not good enough as a long-term solution.

 

[Educate]

daxbr said:
obscurity : condition of being unknown.
Click to expand...

Well, you are more obscure and unknown with fake or mangled data than with real data.

 

[Gueco]

Educate said:
Well, you are more obscure and unknown with fake or mangled data than with real data.
Click to expand...

what if the CRS data is going into the wrong country ?

 

[Educate]

Gueco said:
what if the CRS data is going into the wrong country ?
Click to expand...

That is the thing. If you can manage to list your address in another country you should be good.