Is this how you avoid CRS?

[kkein]

boomy said:
Why not, if that would help me to avoid to pay taxes I would not hesitate to do so!
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So how would this work? Change name and use old passport in new country and in foreign bank?

 

[DavidS]

ineednewinfo said:
What stops anyone from doing this type of set up to keep funds safe and avoid CRS reports in your current residency country?


1) Open bank accounts in country A and deposit funds in that bank account

2) Move abroad to country B without notifying country A, change your own personal name in country B to something totally different and get a new passport with the new name

3) Keep earning money in country A with the old bank account and never get reported in country B for the above mentioned reasons? (change of name + never reported moving out the country)
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Banks require you to update your information every year and often supply documents.

Also, Bitcoin solves all of this.

 

[DavidS]

sinos said:
By getting a second passport through investment and renting /buying a property and getting a utility bill on that property. Many countries in the Caribbean you also get a Tax ID and a Drivers License. Use these documents to open Bank account in any other country of residence( in case you don't want a Caribbean bank account). Bank only ask you for your passport, it doesn't matter from where you are.
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What will happen when they ask you for your residence and want proof or residence documentation?

Dandyline said:
An easier way, get residency in a 0% tax country, open bank accounts and show the residency of that country. CRS reporting goes to the 0% tax country, which doesn't matter. Case closed.
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Which are such countries that work as of 2021?

 

[boomy]

DavidS said:
What will happen when they ask you for your residence and want proof or residence documentation?
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after you have the passport you create your world around it to be able to proof everything.

 

[Dandyline]

DavidS said:
What will happen when they ask you for your residence and want proof or residence documentation?


Which are such countries that work as of 2021?
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UAE among others.

 

[DavidS]

Dandyline said:
UAE among others.
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Problem is - it requires actually staying there.

 

[Dandyline]

DavidS said:
Problem is - it requires actually staying there.
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Just 1 day every 6 months.