http://www.youtube.com/watch?v=maXymp-4ZQM
If you want a dip in the attractive looking tax shelter of offshore investment, pretty soon you will get the dirt on you and you will have bad credit with the IRS as a bonus!
Third, focus on your goals. Once you've moved beyond the cliches and propaganda about incredible systems, you can focus on what you really want. No, you're not going to be able to hide a bunch of money from the tax authorities. Yes, you will have to pay tax at home on any interest you earn. But while your account won't be a secret to your home government, you will have separation from them. Some bureaucrat with a fat finger won't be able to freeze your account with one keystroke. It will be harder for an ambulance chaser to get at. And while you will have to pay tax in the US on interest earned, that interest rate could be double, triple, or even fifteen times higher than what you're earning now.
Wire transfers will most likely be your main course of sending money back and forth. Depending on how much money moving you anticipate for your investing needs, these wire charges can add up really quickly. For this reason, be on the lookout for offshore banks that offer reasonable rates for them.
International scamming is a huge business, and growing by the day, perhaps in keeping with tough economic times. The business is big enough to involve one layer of corrupted individuals on top of another, equally corrupted layer of individuals. In fact, life is so complicated for them at times because they themselves don't know who is scamming whom!
Your government doesn't want you to have anonymous wealth. It wants you to keep all of those assets close to home in state-owned banks where the capital can be "leveraged" by state agencies. This is because when you move your money to an offshore banking center, it becomes invisible and inaccessible to the greedy government spenders.
Compounding this is a record $800 billion account deficit and a $319 billion budget deficit. A swelling real estate bubble that's about to burst in the Northeast and California and a population that has virtually stopped saving and started borrowing such as it never has in the past. Mortgage delinquencies rise to levels not seen in five years. Some homeowners are simply walking away from their homes leaving the keys to the bank.
tax experts, business successful, foreign trust
