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I think the idea is to hide from other countries. So if you are a wealthy Chinese you have a much better time hiding your money in Delaware than in Paris for in
by satellite2 5y ago
I think the idea is to hide from other countries. So if you are a wealthy Chinese you have a much better time hiding your money in Delaware than in Paris for instance.
- cascom 5y ago+ taxes, its less tax efficient to put assets in France than it is in the US - so why would you?
- post_from_work 5y agoThis reminds me of a term used on one of those expat/sovereign man blogs: "Redundant Array of Independent Jurisdictions". The idea being that you have citizenship from Country A, reside in Country B, and run your finances through Country C, so you have no single-point-of-failure in governance over your life/assets.