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Panama Tops List of Offshore Banking Destinations
Anyone who has financial success can understand the difficulties associated with managing this nest egg. Having a large income requires larger tax payments which in turn creates more attention from the IRS. If you keep all of your assets in your local jurisdiction your transactions come under the scrutiny of the post 9 /11 anti money laundering system aimed at keeping criminals from integrating illegal revenues into the legitimate banking system.
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- World Information Service by Ibrahim Machiwala (Lodhi)