Dr Strangelove
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Anyone under 40 won’t have a clue what you’re talking about thoughAnyone of middle age or older will remember the hysteria of the early 2000s when the holding of a "foreign bank account" was officially regarded as an indicator of criminal tax evasion and the holders thereof were forced to prove their innocence or face aggressive Revenue enforcement .
I agree that requirements should be a lot lower now, particularly given automatic exchange of information among EU tax authorities now in place.