Swiss Economicblogs.org
The Economist reports about new strategies to evade taxes. One is based on an occupational retirement scheme (ORS) in Hong Kong: A German or Australian with money to hide can set up a Hong Kong shell company, appoint himself as its director, with a local employment contract, and sign up with a trust company that provides an ORS. He can throw in cash, property or other assets, oversee the account himself, retire as soon or as far in the future as he likes, and then take out as much or as...
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