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by zinekeller
1809 days ago
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> Except that in the USA you also need to declare transfers over $10,000 to the Internal Revenue Service (IRS). And this is done to find people trying to avoid paying taxes. It is the same for the European Union. And it is the same for any other country. Re-read the article. Foreign investors literally cannot move their money* from South Africa to another country, period, if the law is followed strictly. It's not money laundering or tax issues, it's literally wealth portability. * Technically, minus ~US$69,000. |
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