PARIS There was nothing extraordinary about the casually dressed businessman waiting on a Paris train platform except, it turned out, for the envelopes he carried stuffed with 350,000 euros in cash, and seized by French customs agents as he prepared to depart for Belgium. http://www.nytimes.com/2013/11/04/w...-money-is-moved-to-shield-wealth.html?hp&_r=0 It's not mentioned in the article, but is this GFC2 insurance, aka Cyprus bail-in?
Interesting and ominous that people described as tax evaders are also labelled fraudsters. The legitimate practice of 'tax avoidance' wasn't mentioned once in the article but whats the bet when the French say tax evader they include the avoiders too. I think that's still possible in cash.
