Of course, that entirely depends on where you keep your money. Some jurisdictions might care less about the source of one‘s funds (let‘s say Cayman islands or something) than others.
But generally speaking, banks and brokerages in many jurisdictions are required by law to report suspicious activity, money laundering, … to the authorities. And nothing worse than being caught in an investigation and the only thing you can tell your bank about the source of your funds is that a friend gave you some cash or something…
Some example of a bank describing what they‘re doing in that regard:
I’m not saying you’re wrong (you’re perfectly right) but I’m receiving so many conflicting advice on this forum that I’m more confused now than in the start. Can someone tell me how much a tax specialist/tax lawyer costs in Taiwan?
That’s been my approach too lol. IIUC, all the tax office can really do here if you don’t provide the stated documentation is estimate the income (I assume based on the minimum wage or two times the minimum wage or one’s demonstrable expenditure in Taiwan, something like that).
For me I was pretty sure that would have been less than what I was honestly reporting, so I wasn’t going to pay to hire CPAs or whatever in several different countries just so I could pay tax.
