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Message
re: Carribean Accounts/Offshore Accounts
Posted on 9/8/15 at 1:59 am to D.B.Cooper
Posted on 9/8/15 at 1:59 am to D.B.Cooper
quote:
Has anyone ever set up an offshore account?
If by "offshore" you mean simply not in the USA then yes. However they are of little value as tax dodges anymore as the US government has basically made every country capitulate to turning over all info on US citizens accounts.
The FATCA has made most overseas accounts useless as hiding places for cash.
Edit for sp
This post was edited on 9/8/15 at 2:01 am
1
Posted on 9/8/15 at 1:10 pm to cave canem
quote:
he FATCA has made most overseas accounts useless as hiding places for cash.
The work foreign banks have to do for US account holders because of FATCA means most foreign banks won't even consider Americans for accounts unless you have several million dollars. And sadly I don't know this from personal experience.
This post was edited on 9/8/15 at 1:11 pm
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