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When you say "hide" the question is from whom?
If you're in the US, you're supposed to report any and all income on your IRS tax forms. But, if you don't, in some cases it's harder for the IRS to find that you had those assets in order for them to catch you. Switzerland has been popular for this, because they don't follow extradition and discovery orders from non-swiss authorities.
There are also legal ways to "hide" assets -- there are a number of legitimate tax-free zones, such as the Cayman Islands (as in the novel, The Firm), Bermuda, Antigua etc where legally these countries have tax treaties with the UK and the US to be income tax free.
In other circumstances, people are trying to hide assets from creditors or even family and spouses.
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∙ 11y ago
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How does an Equipment Custodian view all authorization and in-use assets on hisher accounts.?
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Can you use floundered in a sentence?
Sarah was floundering about in the shallow offshore waters.
