If you do not pay taxes or use the company for illegal activities, your country's tax agency or police can simply follow up the money, contact the bank, and the bank will surely say the names of the directors and UBOs.
Yes, that is correct. That's why you shouldn't waste time on tax evasion. It was always risky and the risk is only getting bigger and bigger. Optimize your taxes legally.
Yes, that is correct. That's why you shouldn't waste time on tax evasion. It was always risky and the risk is only getting bigger and bigger. Optimize your taxes legally.
However, I imagine there will be EMI that do not cooperate with foreign tax agencies?
They would all comply with a lawful requests for information. Directors and senior compliance officials at financial institutions can be held personally liable for certain forms of wrongdoing. No one wants to risk going to jail for you.
Foreign tax agencies don't contact banks directly, usually. They go through the proper channels established through CRS, TIEA/DTAA, and other mechanisms for exchange of information.
