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Since it appears you have first-hand experience, could you please explain what long term purpose of this hiding assets is? Do they just enjoy keeping it all to
by hippich 11y ago
Since it appears you have first-hand experience, could you please explain what long term purpose of this hiding assets is? Do they just enjoy keeping it all to themselves, or they plan to pass on wealth to their kins, or something else?
Because as I see it right now, all that money sheltered effectively removed from US economy and as a result makes everyone a bit richer via deflation... Unless I am missing something.
- MrTonyD 11y agoThey pay no taxes on any of the money. And they can still spend it offshore if they spend it from one of the offshore accounts "lower in the maze" of accounts. Also, products haven't been priced based on production costs for a long time -- a part of strategy is creating "effective monopolies" based on distribution channels, geographies, product mixes, and making such arrangements in conjunction with theoretical competitors, so the pricing is unfair and the unfairness is hidden (and the co-conspirators are paid off by purchasing offshore stocks which are designed to provide "pay offs") These are all things I have seen -- most of them more than once. So these accounts also facilitate pricing and strategies that are used to undermine our society -- and not just tax evasion.