http://www.youtube.com/watch?v=g2J-uZ_mkR0
Protect your child against worst case scenarios with anticipatory guidance. Tell them real life horrible things that happened to other less informed people who made bad choices. Make it real, but not personal. Don't launch your child towards strange metaphorical toasters with big metal forks in their hands.
Some people are confused with the rules of the IRS Offshore Voluntary Disclosure Program. They think that as long as they don't have $10,000 stored in enlightening processes when they file their taxes, they don't have to report it. Unfortunately, that's not the case -- and making that mistake can land you in some hot water!
You should be smart enough to take advantage of global trends the moment that they start to present themselves. However, if you are not the type of person who intends to grow, you can leave well alone. offshore banking will only work for you if you can do it with banks that have lower charges than the ones you already use, and in countries where the laws are easier than yours.
Take for instance, the great train robber who fled to Rio de Janeiro and lived life like a rock star because of the no-extradition laws. There are loads of business people using offshore banks as tax havens that never pay a dime in income tax. Do they step in front of a camera and flash their face? Another example would be my hero, Richard Nixon, who denied his ill-begotten gains and took his verdict like a real man.
I know! You are probably fed up with hearing and reading about this. But I am not a politician so I can say what I really think without worrying about the consequence!
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