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View Diary: Could you pay 3 Cents per $100? -- Wall Street Can't (or Won't) (50 comments)

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  •  oh, come on.... (2+ / 0-)
    Recommended by:
    nota bene, Eric Nelson

    "since there's rarely any tax advantage to doing so and more often than not it's tax disadvantaged to do so"

    ok, if this is true, then the raison d'être for these offshore wouldn't exist.

    The "extreme wing" of the Democratic Party is the wing that is hell-bent on protecting the banks and credit card companies. ~ Kos

    by ozsea1 on Sat Mar 23, 2013 at 12:50:33 PM PDT

    [ Parent ]

    •  johnny is correct - there are few legal tax (1+ / 0-)
      Recommended by:
      nextstep

      advantages for individuals to have offshore accounts because the same IRS rules apply regardless of the country of domicile of the financial assets. There are many good reasons why wealthy families place some significant percent of their assets offshore, including shielding those assets from US civil courts and accessing many investments not offered in the US.

      "let's talk about that"

      by VClib on Sun Mar 24, 2013 at 07:52:56 AM PDT

      [ Parent ]

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