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Wich Bank is not into Common Reporting Standard?

This common reporting standard is as common as the weather on any given day. The banks do NOT automatically report anything. Only if the taxman has any suspicion or he knows that the suspect has any foreign bank account will the bank automatically disclose any information upon request by the foreign tax authority. So yes, if you have a company account it is even safer but getting into the company formation business is really only a viable option if one has some serious funds to stash, not to mention getting into anything thousands of miles away from home. For most people, its more than enough to open a personal bank account close to home(if you reside in Europe). Austria and Czech Republic are very good places, although Austria has now a central bank account registry. Germany and Austria are the only two countries though. For the rest, the tax authorities first have to know where you got your account. So for most of us average Joes, instead of forming corporations on some sunny island on distant shores, its more than enough to open a personal bank account closer to home and instead not to tell your neighbors or girlfriends about it.
 
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