Hiding money or assets housed overseas is illegal for two reasons: it may lead to tax avoidance, and these funds could be involved in money laundering or other illegal activities. As a result, these monies must be declared, even if they are not subject to taxation. Why Keep Money Offshore?
For larger customers, with $2 million or more, they could set up aninternational life insurancepolicy to hold their account. Trades in the account would be tax-deferred or tax-free. Tax-deferred if they canceled the policy and tax-free if they hold the policy until death and transfer to ...
Any extrajudicial transaction will be void on the payment of the salary corresponding to the regular hours, overtime, the period indicated to take the food or on the payment of the sum equal to the amount established by this law for liquidation of damages; Provided, however, that any transact...