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53,882 Posts.
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22/10/13
05:34
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'i assume most of them will invariably have offshore trusts / ibc, as well!'
'Would doubt that most have offshore trusts at all'
why would you state such.
it is also extremely difficult to use an australian bank account from overseas.
it is difficult to hold anything from overseas these days.
most wealthy individuals do not have much asset in their own name.
why is there over $30 trillion in cash and bonds in offshore jurisdictions and probably much more in the us and uk as offshore jurisdictions?
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