Dear MEL Topic Readers,
Dodging taxes isn't the only reason the rich stash cash offshore
Those who don’t have saving male their best to make their living and save a little if they can.
Those who have some saving opt to grow it by investing in stocks and real estates.
Those who have too much money try to protect their wealth from being taxed or stolen. One of their preferred options is to move the money off-shore where there is no or little tax or disclosure is required. Such places are called offshore tax havens like the Cayman Islands, Bermuda, and Switzerland.
One question is why they do so, to avoid taxes, ensure safety or keep confidentiality.
Another is who such wealthy people are.
Enjoy reading and learning what motivates the super-rich to go offshore.
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