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In response to
"What would some of those reasons be?"
by
TWuG
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His investments in the Caymans are common because investment funds want to shield non-US investors from US taxes.
Posted by
spamlet
Jul 10 '12, 13:17
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His father was born in Mexico because his family had to flee the country. Having money in the traditional safe haven of Switzerland is not all that surprising given their history.
See b!'s links for more. The reporting requirements for offshore accounts are ridiculous at this point. They're actually a huge hassle and you have to report all the interest as income anyway. There are few advantages to having accounts outside of the US at this point.
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