If you don't believe it just check out the cases that were brought to light. You will find that they are very obvious and not super secret. You will find that someone in a similar position but different company/government actually profits from this "discovery". And you will find that not all cases get punished, just this one case. (think 2008 here, where they literally jailed a single banker and that was it)
Hidden in plain sight, ignored by people who want or need you to succeed. That's how this game works.
An example would be Lebanon. Everyone except US citizens gets pretty good banking privacy protections. Due to US pressure, Lebanon carved out an exception to those protections, just for US citizens. There aren't exceptions for any other countries, as far as I know.
As they are high net worth families, getting citizenship in a new country won't be difficult.
> In 2015, he was denied a visa to reenter the United States by the U.S. Embassy in Barbados, which claimed that he had not sufficiently proven ties outside of the United States that would motivate him to leave at the end of his visit, causing fears he might become an illegal immigrant. Later in the same year his visa was approved by the U.S. Embassy in Tokyo, and he visited the United States in June 2016 to speak at a conference in Denver, Colorado.
Its a fun thought experiment for sure but ultimately if you're at the level of wealth that running from the taxman gets you huge gains, either you have other problems (like being some sort of druglord) or you have enough money to also just pay taxes
But it seems that a lot of people disagree. Either you and I are massively underestimating the benefits of tax avoidance, or these people have some sort of knee-jerk reaction to the very concept of taxation that makes them try to avoid taxes even if it involves a lot of hassle. The latter would not be surprising for a diehard libertarian.
Other countries are much the same, only usually a bit less money. Canada, for example, will fast track you to LTR, and a path not naturalization, for just depositing $30,000 CAN.
Yeah, if you've got money, like the OP said, then you're going to be able to live pretty much anywhere you want. They use more polite legal language, but you can buy citizenship pretty easily. It's not even all that expensive, depending on where you want to live.
Also, it seems like a bad idea to stash much of your wealth in a system is so vulnerable to theft. All it takes is for someone to have a momentary lapse in security or put a decimal in the wrong place or some other human error and then all that wealth is gone forever.
....and what prompted the conversation : ) ?
The problem is that crypto can be good for a % of your illegal money, since it's relatively unproven. Any exchange that doesn't share the info will be taken down ala BTC-E (my bet is that IRS /FBI has their client list and transaction history already) so it's very very hard to spend /cash out.
If it gets our hand, of course then govts we'll declare war on cryptocurrencies