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Namika t1_jdli2mj wrote

Reply to comment by Bawbawian in Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy by Kl--------k

Not anymore. The US and EU have an agreement to look through the Swiss banks' books as if it was a domestic bank.

If you want to hide your money you have to put it in a Chinese or Russian bank, but those have their own issues...

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AurumArgenteus t1_jdm8qy2 wrote

Don't forget Ireland, holder of many US corporate patents for some reason. Perhaps Apple can tell us why... Ireland has super low corporate taxes so Apple Ireland owns the IP, but they don't do anything, instead Apple licenses the IP from themselves for huge sums lowering their domestic profits, lowering total taxes, and increasing total after-tax profit.

And the Cayman islands and probably tons more less overt ways. Like housing, a ton of AirBnB places are actually just foreign investor properties used to hide/move money.

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WaytoomanyUIDs t1_jecglaw wrote

Russians mobsters and kleptocrats bank in Cyprus and Azerbaijan these days.

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