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Government knows our $

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  • dont know much
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    134 posts since Jan '07
    • 27 Jun `08, 10:04AM

      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
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    1,089 posts since Apr '07
  • dont know much
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    134 posts since Jan '07
    • 27 Jun `08, 7:14PM

      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?

  • Queen of sgForums
    FireIce
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  • ^tamago^
    我又郁闷了...
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    49,423 posts since Sep '03
  • Fatum
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    22,373 posts since Aug '05
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    316 posts since Apr '04
  • angel7030
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    7,128 posts since Jul '07
  • Beautiful951
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    1,702 posts since Jun '08
    • 28 Jun `08, 12:07AM

      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
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    1,682 posts since Dec '07
  • I-like-flings(m)
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    12,917 posts since Feb '04
  • deathmaster
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    420 posts since Sep '07
    • 28 Jun `08, 10:43AM
      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
    domonkassyu's Avatar
    939 posts since Sep '07
    • 28 Jun `08, 12:22PM
      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).

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