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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.

@98X6ZQD from Maryland answered…4 days

Yes, but the income must be reported, and only individuals can do it.

@98TRCPD from Montana answered…1wk

Yes, citizens should, but not wealthy corporations or political leaders

@98RCLRK from Iowa answered…2wks

@98QFR9B from New York answered…2wks

Yes, as long as illegal income is reported with an issue of warrant and probable cause

@98Q654NSocialist from Georgia answered…2wks

No. Unless 100% of that income is reported and appropriately taxed... in both countries. Then, yes. Otherwise... no.

@98Q654NSocialist from Georgia answered…2wks

Yes, as long as 100% of that income is reported and appropriately taxed... in both countries. Otherwise... no.

@98NFDXP from New York answered…3wks

@98LLD6G from Kentucky answered…4wks

Yes, and they should be able to do whatever they want with their money.

@98LFYD5Populist from Colorado answered…4wks

Yes, with heavy monitoring, trust break acts, and rigorous closing of loopholes

@98J8KN2 from Connecticut answered…1mo

Yes, U.S. citizens should be allowed to save or invest anywhere they wish.

@98H8C6L from Michigan answered…1mo

Yes, but don't let corporations and businesses. Only private citizens.

@98H79FX from Massachusetts answered…1mo

Yes, but only private citizens. No shell companies, corporations, or trusts.

@98H46SQ from Tennessee answered…1mo

@98GPDYB from Florida answered…1mo

@98FFQK7Independent from Colorado answered…1mo

@ISIDEWITH answered…2mos

@98CC83T from Kansas answered…2mos

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

@98BX3T8 from Louisiana answered…2mos

Yes, as long as offshore income is reported and the account complies with US tax laws.

@98BTLMM from Oklahoma answered…2mos

@989FBYD from Utah answered…2mos

Yes, but it shouldn't be exempt from taxes, because too many wealthy citizens are abusing this loophole to evade taxes.

@98886S4 from West Virginia answered…2mos

Yes, it should be properly reported and get rid of all loop holes.

@98523W7 from North Carolina answered…2mos

  Deleted answered…2mos

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

@97Y5J99 from Virginia answered…2mos

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

@97WPYT6 from North Carolina answered…3mos

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…3mos

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…3mos

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…3mos

@97KPKRH from Kansas answered…3mos

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

@97GSL7Z from California answered…3mos

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.


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