N26 Bank - CRS

[birkhoff]

Martin Everson said:
So imagine you have $1,000,000,000 pass through your account and leave balance always at zero. You thiink there will be no reporting of that account?
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Some banks in luxembourg that do exactly that. Obviously with VIP clients. They use omnibus accounts at the end of the year. The balance of the account remains as the client requests. At the beginning of the year the account is left with the full balance.

Without leaving the European Union, without tax havens, without offshore accounts,... only paying big commissions and being a VIP clients.

And it is legal.

 

[Martin Everson]

birkhoff said:
Some banks in luxembourg that do exactly that.
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Which banks in Luxembourg? Give me an example of one helping clients to avoid CRS? Thx

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[EliasIT]

Martin Everson said:
See also my post below on N26. They take CRS reporting seriously and use Indicia even.
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They are German aren't they?

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If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.

 

[Martin Everson]

EliasIT said:
They are German aren't they?
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Yes they are a Germany based neo bank.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[gnud]

Thepopo said:
View attachment 2805
Here is the CRS report (whited of course) what's really important is the "accountreport" at the end, the rest is only my private information that I whited
There is the IBAN, the balance at the 31/12 and interest (no interest in my case because they don't offer them for account holder in Belgium). I had few thousands € flow in this account that year.
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I see that even when the N26 wouldn't ask an account holder for his tax id, they still offer plenty of information for the tax authority to identify the person.