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@ISIDEWITHDiscuss this answer...7yrs

No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

@ISIDEWITHDiscuss this answer...7yrs

@4RJFCXKfrom New York  answered…2yrs

Current banking regulations against this already discriminate against expatriate americans and give them an undue burden, especially if they do not intend on returning. America is the only major country that taxes world income by citizenship and not residency.

@4RL7JJXfrom Northern Mariana Islands  answered…2yrs

Yes, as long as offshore income is from money initially earned in the U.S. and not from labor or work overseas and is reported by both individuals and corporations - and appropriate taxes withheld.

@4RLJLV7from North Carolina  answered…2yrs

No make this a capital offense punishable by total asset freeze, seizure and market blacklisting

@4RLMQW7from Florida  answered…2yrs

Yes, because we can no longer trust our government to not confiscate or ovet tax our earnings.

@4RKXR43from Ohio  answered…2yrs

No. That money should be building up America and not other countries.

@4RKFM2Ffrom Maryland  answered…2yrs

They can put it on the Moon for all I care. Set up US rules so "offshore" money flows into the
US economy. It's a global economy and we ought to track all investments - like the billions
in illegal drug, weapon and human trafficking trades. Tax that and use the vast sums to free the oppressed.

@4RJ89ZRfrom New York  answered…2yrs

If the money was generated here in the States I feel like it should remain in the States. But, if the owner of the money has dual citizenship, owns land in said country of account location. I imagine thats OK.

 @@Jason2024 from California answered…5 days

Yes, this is supportive of free speech. Without free speech, Bitcoin wouldn't exist.

@97Y5J99 from Virginia answered…1wk

Yes, but monitor the movement of money between high profile individuals.

@97WPYT6 from North Carolina answered…2wks

Yes, this can mean that someone only means to move to another country for family or other personal(non-criminal) reasons.

@97SZ2QN from Georgia answered…2wks

Yes, banks outside America are still banks, and the money will be taxed by that countries standards. On top of that, America taxes all income globally, so the money accrued overseas is taxed, the money in the bank is still part of your total net worth. Holding money offshore should just increase the number of times your money is taxed.

@@IamtherealandonlyOrionSommer from Washington D.C. answered…3wks

No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes, and corporations and business organizations should not be allowed to do this either.

@97LJ82C from Tennessee answered…3wks

@97KPKRH from Kansas answered…3wks

maybe, As long as income is reported and offshore banking loopholes are closed

@97GSL7Z from California answered…3wks

Private Individuals should be allowed so long as they report their income. Corporations and Businesses should not as they've already been known to abuse this system far too often to evade millions in taxes.

@97GLQX3 from North Carolina answered…3wks

Yes but this should be regulated to prevent tax evasion. Corporations and businesses should not be permitted to do this nor should they be able to find loopholes to be able to do this.

@97D5FY5 from Connecticut answered…3wks

Yes, as long as offshore income works in a consistent way and no tricks/scams are pulled within the system

@97BRPG8 from Texas answered…3wks

Yes, and it’s none of the government’s business what private citizens do with their money

@97BQHLD from Illinois answered…3wks

Yes, but governments should coordinate a global tax that eliminates tax havens.

@97BFT6S from Illinois answered…3wks

@97B7BJ4Independent from Massachusetts answered…4wks

@979WJLF from Utah answered…4wks

Yes. What individuals do with their own money is none of the government's business.

@979M8HP from Texas answered…4wks

Private individuals should, corporations and organization should not be allowed to.

@978HH8X from North Carolina answered…4wks

@977MW2R from Minnesota answered…4wks

@975D8TF from Indiana answered…4wks

@973R2DXRepublican from Georgia answered…4wks

Yes, as long as they still have a bank account in the U.S. to prevent loop holes.

@972Q6CQ from Kentucky answered…4wks

Offshore income shouldn’t be taxed until it renters the country, the income it out of US jurisdiction, but bringing the money back in the country is.

@96ZZ3PL from New Mexico answered…1mo

@96ZR9L4 from Utah answered…1mo

@96ZB9RM from Missouri answered…1mo

Yes, as long as the income is reported and loopholes are eliminated.

@96XBRJS from Oklahoma answered…1mo

Yes, why should I personally care about where someone else places their money

@96VY555Democrat from Iowa answered…1mo

Yes, but it should be taxed the same as money in the US to avoid loophole exploitation.

@96VZXG6Democrat from Florida answered…1mo

Yes, citizens and corporate entities (private, public, for-profit and not-for-profit) as long as offshore income is reported and taxed according to regulations.

@96VKNQL from California answered…1mo

No, and neither should corporations and business organizations since too many wealthy citizens are abusing loopholes in offshore banking laws to avoid taxes

@96TWZQC from Washington answered…1mo

If they do, they should be paying tariffs in the us to bring money from overseas

@96TKWSP from Michigan answered…1mo

Yes, but as long as you’re a citizen of the other nation you’re investing in

@96STW9G from Florida answered…1mo

@96SLZLT from Texas answered…1mo

Yes, It's nobodies business what a private citizen does with their money.

@96RCWLW from Pennsylvania answered…1mo

No for corporations and business organizations and the wealthy who have a history of offshore accounts everything taxes

@96PFYQ4 from Maine answered…1mo

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