Quote:
Originally Posted by james_clickmemedia
So you can say I have $5,000,000 in an offshore account, I'm rich..
Cannot spend it our bring it into the US without paying taxes on it but hey i'm rich...
Great  |
Or you could grow your $5,000,000 in a business tax free. Want to invest in stocks or bonds? Do it inside an offshore corporate structure and pay no taxes on your gains. Want to invest in Real Estate? Do the same. All kinds of legitimate reasons and legal means for going offshore.