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Old 8th July 2019, 14:58   #2
heathcliff
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Join Date: Apr 2018
Posts: 62
Smile Panama Papers

Who knows we find them on Bermuda?

What you are describing here sounds familiar as the tax evasion technique companies applies.

But is this allowed?

The short answer is: yes. There are many reasons why someone would want to manage their cash flows. Political dissidents, for example, prefer not to have the state look at their money flows. The same applies to celebrities who prefer not to see their investments measured in every gossip magazine.

Avoiding tax is also legal, for example if it is done in the manner within the laws. The point is that it is very difficult to put your finger on it. Paying less tax is the only thing what is happening here.
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