End of Offshore banking as we know it?

Discussion in 'BlackHat Lounge' started by Paranoid Android, Jan 20, 2016.

  1. Paranoid Android

    Paranoid Android Jr. VIP Jr. VIP

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    Last edited: Jan 20, 2016
  2. tony_d

    tony_d Elite Member

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    As long as income can be shifted from one jurisdiction to another via transfer pricing schemes (read: as long as there is international trade), they can share all the information they want - nothing changes.

    My income is tax free (both corporate and personal), and my arrangement is 100% legal.
    I don't care what information is shared between jurisdictions - I'm not hiding anything.
     
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  3. zebrahat

    zebrahat Jr. VIP Jr. VIP

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    "The more you tighten your grip, Tarkin, the more star systems will slip through your fingers." Same goes for privacy-destroying financial reporting rules. People will just find new workarounds.
     
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