Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 1 day agoELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?message-squaremessage-square26fedilinkarrow-up190arrow-down13
arrow-up187arrow-down1message-squareELI5 How do rich people just hide their money in offshore bank accounts? Do they just call up the bank and say I want transfer such and money? How come the original bank doesn't catch on?Don_Dickle@lemmy.worldM to Explain Like I'm Five@lemmy.worldEnglish · 1 day agomessage-square26fedilink
minus-squareJimmyBigSausage@lemm.eelinkfedilinkEnglisharrow-up2·1 day agoInterest income is definitely taxed.
Interest income is definitely taxed.