Categories: Business

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TiKTok user @fixcal.io was asked about a country where you can open a bank account without asking the Treasury to save on paying taxes, and his answer is worth listening to and pondering.

In what country in the world can I open a bank account and not know the Treasury?“, he asked the expert in the video, which in just a few days received more than 173 thousand views and more than 3 thousand likes.

The first thing he wanted to warn about was that those people who are trying to hide from the Ministry of Finance are “hooligans.” “The simplest answer I can give you is that if you are opening a bank account in a country that is not a signatory to the CRS

because they will not share information with the outside world,” he explained.

These acronyms stand for “Common Reporting Standard” global system for automatic exchange of information on financial accountswhich was approved by the Council of the Organization for Economic Cooperation and Development (OECD) on July 15, 2014.

“There are much more difficult routes, but this one will be the fastest, withI know you’re not used to it well

but you shouldn’t expect answers about illegal things, especially in public media,” the expert concluded.

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