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Offshore Bank Accounts
ratttyo
Posts: 105 Forumite
Could anyone 6666666666666666666666666666666666666666666666
0
Comments
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There are no restrictions on who can open an offshore bank account (except for people from USA) AFAIK. However, the interest you earn must be reported to the tax authorities wherever your reside.
In addition to the above, there is a recent EU savings directive and 15% (to increase to 35% in future) of interest is automatically witheld OR the account details is reported directly to your local tax authorities. This directive only applies to people residing in the EU.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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