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hiding money on offshore accounts Im sure you heard of it but what does it actually mean well its in a very effective way of tax avoidance because its simply an individual who will set up a company in Panama or Cayman Islands where there is no tax whatsoever I mean no income tax no dividend tax no corporation tax and so on therefore any income or profit made by the company goes to the account that happens to be in the tax-free country so fair isnt it
