ST Alpha - "Are there legitimate, non tax evasion reasons for having an off-shore account. -- nm" (Reading a Post)

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Posts: 156

Are there legitimate, non tax evasion reasons for having an off-shore account. -- nm

Posted by TWuG Jul 10 '12, 13:05

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Responses:

yes if it is in Denmark - Danedukenuuk Jul 10, 13:10
[deleted] 24
- I'm interested in the answer, so whatever info you have time to share would be appreciated. -- nm - TWuG Jul 10, 13:12 1
  - two easy one are you own property and/or employ works outside the US -- nm - decline Jul 10, 13:14
- yah. I just started to list those I know about and it was taking too long. I googled with some of the terms and found this blog entry from someone - b. Jul 10, 13:11 20
  - here's another list, this from investopedia (there are lots of these out there, turns out). nm but: -- (link) - b. Jul 10, 13:14 18
    - a. this blogger is talking about living expenses not $165 million cash b. hedging foriegn currency is betting against america - zeitgeist Jul 10, 13:20 16
      - hmmm...even *I* think your second point is bullsh!t - znufrii Jul 10, 13:23 12
        
        It's worth pointing out that several Democrats have used this talking point. (I realise it plays on an Obama slogan, but it's still cynical) -- nm - Roger More Jul 10, 13:26 1
        
        I read some things I wish I could unread while looking for the links. - b. Jul 10, 13:31
        
        *snork* -- nm - Spawn Jul 10, 13:23 9
        
        and as much as I would like to make the argument that running for president holds someone to a different standard - znufrii Jul 10, 13:26 8
        
        Not just the offshore accounts; but actively hedging your investments with other currencies. -- nm - Will Hunting Jul 10, 13:29 7
        
        What counts as hedging? Diversifying? Or, say, actively pulling your cash out of US assets because you expect the currency is going to fall? -- nm - Roger More Jul 10, 13:36
        
        i missed what started this conversation - but don't most governments invest in foreign currencies? -- nm - Andie Jul 10, 13:31 5
        
        The Obama campaign is going after Romney for offshore accounts. (And yes, most countries do) -- nm - Roger More Jul 10, 13:34 3
        
        oh, that's dumb. -- nm - Andie Jul 10, 13:37 1
        
        The idea is to build on the impression Romney is rich and out-of-touch with ordinary Americans - Roger More Jul 10, 13:40
        
        I don't care for the phrasing of the ads - it's along the lines of "do *you* have offshore accounts?" -- nm - b. Jul 10, 13:37
        
        I'd hope so. -- nm - Will Hunting Jul 10, 13:32
      - There's no reason why US investors shouldn't be able to diversify their investments outside the US. It's not betting against America. -- nm - Roger More Jul 10, 13:22 2
        
        Kiva is anti-America!!! -- nm - Spawn Jul 10, 13:23 1
        
        why does Kiva hate Toby Keith? -- nm - CQ Jul 10, 13:35
    - STIF&S. :-) And thank you for that link, too. - TWuG Jul 10, 13:17
  - Thank you. -- nm - TWuG Jul 10, 13:14
- He needs to hide the money, fast. -- nm - Spawn Jul 10, 13:10
Yes. - spamlet Jul 10, 13:06 4
- What would some of those reasons be? - TWuG Jul 10, 13:11 3
  - His investments in the Caymans are common because investment funds want to shield non-US investors from US taxes. - spamlet Jul 10, 13:17 1
    - Thank you. I don't doubt he's in full compliance with the law. -- nm - TWuG Jul 10, 13:20
  - Some nutjob President could make an order freezing everyone's funds... -- nm - Loyola Jul 10, 13:14
you do business in other countries and need to keep an account there? -- nm - Andie Jul 10, 13:05

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