In one sentence, describe what the following article is about: Know the penalties and jail terms for avoiding local tax obligations through the use of offshore banking.  If you are taxed on worldwide income, it is illegal to not report proceeds earned in an offshore bank/investment account, even though there may be no added tax from that country. If your intention in setting up an offshore account in the Cayman Islands is to skirt tax laws, you cannot do so lawfully. If you are caught skirting tax laws by depositing money into an offshore account, you may face a variety of civil and criminal penalties, including forfeiture of money and possible imprisonment. Having a bank account and an investment account are two different things, each having distinct tax implications.  Offshore bank accounts are administered by banks and offer traditional services associated with holding a bank account: spending, receiving, and transferring funds, along with earning some forms of interest. If you just want to hold money in an offshore account, a bank account is probably your way to go. Offshore investment accounts are administered by investors and can hold money in different currencies, as well as stocks, bonds, and mutual funds. They provide greater flexibility than bank accounts, but may come with higher fees. If you want to hold assets in addition to cash overseas, an investment account may be your best bet. Accounts can be opened by mail, precluding the need for you to visit Cayman in order to open an account. Additionally a number of services such as internet banking, mail retaining, credit cards and investment options can be set up on these accounts. You can use the internet or write to your local British embassy for a list of Cayman Islands Banks. Use search terms like "Cayman Private bank account" if you want to deposit more than $300,000 or "Cayman bank account," "Cayman banking," "Cayman banks" for Cayman Islands banks that accept less for opening accounts. Cayman private banks are more about investment and portfolio management than normal banking. Ask each bank you talk to what kind of fees are associated with setting up a bank account. Use these fees to shop around for competitive pricing. These fees may not be insignificant. It may cost somewhere in the area of $500 to $1,000 to set up an offshore account. An apostilles stamp is a special kind of certification that you may need to provide as part of an international treaty. If you are required to show an apostilles stamp, you will need to visit your governmental office to obtain a state or national version of that stamp before continuing the application process. Requirements are usually set in place in order to avoid money laundering, fraud, or other legal or other illegal activities associated with the international transfer of money. These requirements may include:  Financial statements from your current bank to prove a satisfactory relationship. Wage slip from current job. Proof of identity. Copy of your passport. (May be distinct from proof of identity.) Proof of residence. Description of the expected uses of the money. Banks that do not ask questions or require many documents exist for a reason: many people choose to consistently use them. If your intention in setting up a bank account in the Cayman Islands is to remain clean and lawful, you may find it in your interest to steer clear of these institutions.... Because of increased publicity and scrutiny over the years, offshore banks are starting to ask more questions and see more proof. For the following contingencies, be prepared to supply additional information:  You may need to provide sales contracts if the money you're depositing is from a real estate transaction or significant business venture. You may need to provide a letter from your insurance company if the money you're depositing is from an insurance contract. You many need to provide letter from an executor of the estate if the money you're depositing is from an inheritance.
Summary: Understand tax laws in your country. Understand the differences between an offshore account and an investment account. Realize that you don't need to go to the Cayman Islands to open the account. Find a Cayman Islands bank with competitive rates. Ask banks if they require an "apostilles" stamp. Ask for a list of requirements needed to set up an account. Note that some, not all, offshore bank accounts may require far fewer proofs and far less information. Prepare for other requirements sets up by banking institutions that act as safety measures.

Go with a bank with whom you already have a relationship.  If you have a checking or savings account or other credit accounts with this institution, they already know you and understand your credit history, spending habits, and income sources.  Your excellent credit and your previous relationship with the bank may qualify you for a low-interest rate. Don’t hesitate to shop around with other banks in order to find the best interest rate.  Call the bank and ask a loan representative what credit scores the bank requires to get the best rates. Online lenders tend to cater to low-credit borrowers.  Also, since their operating costs are lower than a brick and mortar financial institution, they may offer you better interest rates.  Online lending marketplaces are also called peer to peer lenders (P2PL).  Examples are Lending Club and Prosper. The interest rate they offer will still be based on your credit score.  Again, the higher your credit score, the lower your interest rate will be. If you have lower credit, don’t be tempted by lenders who guarantee you a loan despite your credit score.  Only consider reputable, state-licensed financial institutions with no history of lawsuits.  Also, view their ratings with the Better Business Bureau.  Avoid payday loans at all costs.  They are designed to keep you in an unending cycle of debt. Don’t fall for advanced fee loan scams.  These are lenders that ask you for an insurance fee up front before sending your loan money. This is known as rate shopping.  It means applying for a number of loans in order to find the best rate.  If you apply for several similar loans at the same time, the credit industry recognizes that you are rate shopping and batches all of the loan applications together. This means that your credit score won’t suffer from applying for too many loans.
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One-sentence summary -- Apply for a loan from a major bank or credit union if you have great credit. Apply with an online lender if you have a lower credit score. Protect yourself from disreputable lenders. Shop around for the best interest rates.

Problem: Article: Check with your supervisor to see what the policies are for transporting heavy objects while you’re at the job. Go over the rules and policies so you don’t hurt you or anyone else while you’re working.  For example, if you need to move something on a factory floor and don’t know how, ask somebody else what should be done instead of lifting it on your own. Don’t attempt to lift something if you’re not properly trained with the equipment. Moving dollies allow you to move large appliances on your own across a flat surface. Put the lip of your moving dolly underneath the object. Strap the object into place on the dolly so it doesn’t fall off. Tip the dolly backward toward you to lift the object. Roll the object to the area you want to set it down and pull the bottom out.  Ask for help if you can’t tip the object back on your own. Moving dollies can be rented from most hardware stores. Shoulder dollies are harnesses worn by 2 people so they can carry a heavy object between them. Slip the harness on over your head so it makes an X in the middle of your back and so the metal buckle is at waist level. Have a person stand on each side of the object put the lifting strap underneath. Hold onto each side of the object and lift with your legs at the same time.  Shoulder dollies can be purchased online. Shoulder dollies work well for large and bulky furniture, such as bookcases or desks. Many warehouses or businesses that require heavy lifting have forklifts or pallet jacks to transport heavier loads. Line the tines of your forklift or pallet jack with the openings on the sides of the pallet. Either pull the lever on the forklift that raises the load, or crank down on the handle of a manual pallet jack to lift the load.  Check if your company or area requires a permit for driving a forklift. Make sure the weight is evenly distributed on the pallet so nothing falls off or tips over.
Summary:
Follow any heavy lifting policies your job has put in place. Use a moving dolly if you need to move large appliances. Lift heavy objects with a shoulder dolly if you’re with a partner. Use a forklift or hand jack if you’re lifting pallets.