|
Every country has different rules and regulations for banking, and many of them depend on whether you are a citizen of that country or you are using an agent to incorporate there.
US citizens should keep in mind that they are liable for income taxes on all of their income, regardless of where it is earned or kept. As a matter of fact, if you repatriate your US citizenship, you are still liable for income taxes to the US for ten years after the fact, since the IRS can claim that you repatriated to avoid paying taxes and have you arrested for tax evasion any time you attempt to enter the states.
|