donkpow Posted December 7, 2021 Share #1 Posted December 7, 2021 Should I get an "off shore" or Swiss bank account for my ill gotten gains? 2 Link to comment Share on other sites More sharing options...
Kzoo Posted December 7, 2021 Share #2 Posted December 7, 2021 yes 1 Link to comment Share on other sites More sharing options...
Solution jsharr ★ Posted December 7, 2021 Solution Share #3 Posted December 7, 2021 Cayman Islands would be a good starting point. Link to comment Share on other sites More sharing options...
Tizeye Posted December 7, 2021 Share #4 Posted December 7, 2021 Swiss banks don't want you. Even my daughter, living there, as soon as they see an American passport...nope, other than basic checking. Chalk it up to the US Treasury aggressive reporting requirements after they pierced the veil of privacy laws. Don't even think about a joint account where one spouse is not a US citizen as the US Government requires reporting on their activity as well. 1 Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted December 7, 2021 Share #5 Posted December 7, 2021 I had a Swiss banking account back in the 1970s when inflation was really high. The exchange rate between the Swiss Franc and US$ was so bad that the Swiss started charging negative interest rates and I was still staying ahead of inflation. I had the equivalent of about $500 in it which was a lot for a poor airman back then. 1 Link to comment Share on other sites More sharing options...
Tizeye Posted December 7, 2021 Share #6 Posted December 7, 2021 Just now, JerrySTL said: I had a Swiss banking account back in the 1970s when inflation was really high. The exchange rate between the Swiss Franc and US$ was so bad that the Swiss started charging negative interest rates and I was still staying ahead of inflation. I had the equivalent of about $500 in it which was a lot for a poor airman back then. Exchange rate now is basically parity that I don't even bother with the math, unlike the Euro and Sterling, although the dollar has weakened, .92 CHF = US$ 1.00 1 GBP = US$ 1.32 1 EUR = US$ 1.13 1 Link to comment Share on other sites More sharing options...
Wilbur ★ Posted December 7, 2021 Share #7 Posted December 7, 2021 Caymans or Barbados. 1 1 Link to comment Share on other sites More sharing options...
Parsnip Totin Jack ★ Posted December 8, 2021 Share #8 Posted December 8, 2021 A pizza shop on the down-low side of Dayton. With a good accountant you cold clear $50,000 a week, tax free. No trail like an offshore account or an attention whore like crypto currency. It’s clean money brah. 1 1 Link to comment Share on other sites More sharing options...
Further Posted December 8, 2021 Share #9 Posted December 8, 2021 34 minutes ago, Old No. 7 said: A pizza shop on the down-low side of Dayton. With a good accountant you cold clear $50,000 a week, tax free. No trail like an offshore account or an attention whore like crypto currency. It’s clean money brah. carwash Have an A1 day 1 1 Link to comment Share on other sites More sharing options...
shootingstar Posted December 8, 2021 Share #10 Posted December 8, 2021 Clearly you are benefitting something from this year's crazy rollercoaster. There's always multiple properties world-wide..but alas, there's the tax problem. Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted December 8, 2021 Share #11 Posted December 8, 2021 10 minutes ago, Further said: carwash Have an A1 day Thank you, Mr. White. 1 Link to comment Share on other sites More sharing options...
donkpow Posted December 8, 2021 Author Share #12 Posted December 8, 2021 44 minutes ago, shootingstar said: Clearly you are benefitting something from this year's crazy rollercoaster. There's always multiple properties world-wide..but alas, there's the tax problem. No, there's no benefitting for me, ever. Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted December 8, 2021 Share #13 Posted December 8, 2021 Banking makes race tracks faster than they should be. 1 Link to comment Share on other sites More sharing options...
Airehead Posted December 8, 2021 Share #14 Posted December 8, 2021 14 hours ago, donkpow said: Should I get an "off shore" or Swiss bank account for my ill gotten gains? Yes 1 Link to comment Share on other sites More sharing options...
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