Government knows our $

• dont know much

  27 Jun 08, 10:04

  Is it true that the government knows every bit of our savings, investments, funds, insurance etc.?

  I'd heard of bankrupty cases ...whereas one's savings, insurance-related funds, are wiped out by creditors.

   

  My question is- how may one have his own $ without anyone knowing?  In a way that I can withdraw bits,for my daily expenses. 

   

  eg. if i have $1trillion annually from investment...
  Having such huge sums will definitely invite some authority to "make some money out of me". 

   

• nehpyh

  27 Jun 08, 10:07

  Swiss bank account.

• dont know much

  27 Jun 08, 19:14

  even UBS is given a helping hand by singapore's SWF.

   

  I just need a account to deposit/withdraw funds,without government knowing.  is this possible?

• FireIce

  27 Jun 08, 19:16

  anything in singapore tied to your IC no. is not private

• ^tamago^

  27 Jun 08, 19:20

  keep your money in biscuit tins. :lol:
• Fatum

  27 Jun 08, 19:23

   

  go ask the ah longs how they launder their money lor ...

• 333225520

  27 Jun 08, 19:29

  Pass your money to me, so gov will not know these money belong to you.

• angel7030

  27 Jun 08, 19:33

  Sure lah, if not how to tax you, tax evasion is a very serious offence ya.

• Beautiful951

  28 Jun 08, 00:07

  And this is a way they do the GST. Your expenditure. If you spend like quite a sum on luxury goods, they will increase GST accordingly.

• youyayu

  28 Jun 08, 00:13

  open a bank @ swiss.. my whole family money there.. want use transfer to DBS...

• I-like-flings(m)

  28 Jun 08, 00:30

  below ur pillow lah!!!

• deathmaster

  28 Jun 08, 10:43

  Originally posted by dont know much:

  even UBS is given a helping hand by singapore's SWF.

   

  I just need a account to deposit/withdraw funds,without government knowing.  is this possible?

  GIC brought $10bn worth of UBS alr leh. even swiss banks are under their control.

  those of u with loads of money in swiss banks better move to other tax havens.

• domonkassyu

  28 Jun 08, 12:22

  Originally posted by dont know much:

  Is it true that the government knows every bit of our savings, investments, funds, insurance etc.?

  I'd heard of bankrupty cases ...whereas one's savings, insurance-related funds, are wiped out by creditors.

   

  My question is- how may one have his own $ without anyone knowing?  In a way that I can withdraw bits,for my daily expenses. 

   

  eg. if i have $1trillion annually from investment...
  Having such huge sums will definitely invite some authority to "make some money out of me". 

   

  conventional methods like digging a hole and placing your money there and putting a sign that reads here got no money really works.

  but u will lose the money through inflation and GST(govt stupid tax).