No wrong.. business bank accounts are affected. The key is where and how you open the accounts. For instant any business bank account in Europe or the USA is reported to each country where the owner belongs to. That's why US citizens have to apply to FATCA and most european countries to the OECD regulated TIEA and what else it's called to exchange tax payer information.
There are still countries that stick out and there are ways to avoid this reporting if done correct. I'm not going into more details here I think people that need to know already know.
There are still countries that stick out and there are ways to avoid this reporting if done correct. I'm not going into more details here I think people that need to know already know.