Black money: Why is the risk of being found particularly high now?

Why is black money no longer “safe” in any tax haven? The shortest possible answer: see Panama Papers. A more detailed answer: All offers to conceal black money are per se untrustworthy. Nevertheless, it is only a matter of time until the most remote tax havens agree to exchange information, get rid of their banking secrecy, or identify account holders and bank data and submit the data to the tax authorities of the home country of the account holder upon request. Some of these tax havens have exchange restrictions, i.e. you might only be able to get your money within certain limitations – or taxes are deducted. Banks or their employees are often corrupt and demand outrageous fees, which consume the tax benefit.

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