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In response to "Are there legitimate, non tax evasion reasons for having an off-shore account. -- nm" by TWuG

Yes.

Posted by spamlet Jul 10 '12, 13:06

Romney has a lot of non-tax-evasion reasons for having some or all of the accounts. As long as he reports the income, I have no problem with it.

Responses:

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

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