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Liquidate large sums of XRP


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Just now, kanaas said:

Shouldn't be a big problem to get large capitals into a Swiss bank - half of the global rich have already :) 

Wrong. If you're a small player thrn u have a problem.

KYC and AML have gone to new levels of fcuk-the-client after the US tax issue 7 yrs ago. Switzerlands banking sector is a has been. Have seen it with my own eyes from the inside. 

But that's a different topic now.

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Just now, kanaas said:

why don't you send him a PM ?

I think this is of interest to all. Understanding their process of handling large sums.

Again, it's not me having the 6mio in there. One day my stack might be wort it, but... not now :)

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Just now, teddybear said:

Wrong. If you're a small player thrn u have a problem.

KYC and AML have gone to new levels of fcuk-the-client after the US tax issue 7 yrs ago. Switzerlands banking sector is a has been. Have seen it with my own eyes from the inside. 

But that's a different topic now.

I know... was a joke. Big fish always take other doors :) 

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Just now, teddybear said:

Same in Switzerland. Not sure about those German socialist pigs. The love taxing ghe shiit out of everything. I've lived there almost 20 years.

You just insulted pigs with your comparison. :acute: . Go with Switzerland in that case, i personally am going through the Austrian tax system and all went smooth with the authorities so far...0€ taxes.

 

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Just now, teddybear said:

I think this is of interest to all. Understanding their process of handling large sums.

Again, it's not me having the 6mio in there. One day my stack might be wort it, but... not now :)

I meant sending a PM to get attention. He still can answer public (or allow you to do publish the answers).
I can understand you're not the only with this concern, so it's a very legit question indeed...

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7 hours ago, kanaas said:

I meant sending a PM to get attention. He still can answer public (or allow you to do publish the answers).
I can understand you're not the only with this concern, so it's a very legit question indeed...

You're right. Will do.

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8 hours ago, kanaas said:

I know... was a joke. Big fish always take other doors :) 

They do go through Switzerland. But as the final/one of the final stages.

I had a call once, of a Client advisor asking me if he can promote and investment fund crossborder to is client.

Me: Where is your client from?

Him: Lebanon

-So you sell to Lebanon

-No, it's a Bahamas LLC

-Ok, so it's Switzerland-Bahamas

-No, the LLC is owned by a Liechtenstein trust with a respective power of attorney

- So, where's the person with the power of attorney?

-Norway

-Aha, so it's cross-border rules from Switzerland to Norway

-I guess, you're the specialist...

...

Yeah right. Why on earth does a guy from Lebanon need this construct? (Mind you, this was not a big fish, he had a double digit million balance with us)

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9 hours ago, tzuvi said:

You just insulted pigs with your comparison. :acute: . Go with Switzerland in that case, i personally am going through the Austrian tax system and all went smooth with the authorities so far...0€ taxes.

 

Whats your tax domicile, if I may ask?

Oh, yeah zee germans and their socialism. Creepy what happened over the last 40 years...

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