Comments on: Open An Offshore Bank Account! http://www.bargaineering.com/articles/open-an-offshore-bank-account.html personal finance blog with anecdotes, advice and commentary. Sun, 08 Nov 2009 13:09:32 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: William C.Johnson http://www.bargaineering.com/articles/open-an-offshore-bank-account.html/comment-page-1#comment-313584 William C.Johnson Tue, 14 Jul 2009 02:10:15 +0000 http://www.bargaineering.com/articles/open-an-offshore-bank-account.html#comment-313584 I would like to open offshore account. I would like to open offshore account.

]]> By: Tim http://www.bargaineering.com/articles/open-an-offshore-bank-account.html/comment-page-1#comment-97377 Tim Sat, 26 May 2007 06:53:06 +0000 http://www.bargaineering.com/articles/open-an-offshore-bank-account.html#comment-97377 Chris: taxes i dependent upon the tax treaty. using luxemburg as an example, since you pay tax in luxemburg (much lower than u.s. tax), you would not have to pay u.s. tax. currency conversion depends on the bank. there are banks that allow retaining deposits in currency of your choosing. swiss accounts: although there is a widespread notion of "secrecy" with swiss accounts, there is s a difference between secrecy and privacy, the latter of which is what is what you should be thinking in terms of offshore accounts. with any offshore account, you should know your tax treaties as well as other treaties/agreements between countries. for example, 2003 u.s.-swiss info exchange would be nice to know if opening swiss account. ever since 9/11 these kinds of agreements have increased. also, with the inception of the EU, EU citizens are treated differently and do lose some offshore benefits. three reasons to legally own an offshore account: tax benefits, limit of liability, and expat living. tax benefits (tax haven) legally is using the tax treaties to your advantage. there's nothing wrong with that. limit in liability is only smart if your assets are high. exapt living is self explanatory. Chris: taxes i dependent upon the tax treaty. using luxemburg as an example, since you pay tax in luxemburg (much lower than u.s. tax), you would not have to pay u.s. tax. currency conversion depends on the bank. there are banks that allow retaining deposits in currency of your choosing.

swiss accounts: although there is a widespread notion of “secrecy” with swiss accounts, there is s a difference between secrecy and privacy, the latter of which is what is what you should be thinking in terms of offshore accounts.

with any offshore account, you should know your tax treaties as well as other treaties/agreements between countries. for example, 2003 u.s.-swiss info exchange would be nice to know if opening swiss account. ever since 9/11 these kinds of agreements have increased. also, with the inception of the EU, EU citizens are treated differently and do lose some offshore benefits.

three reasons to legally own an offshore account: tax benefits, limit of liability, and expat living.

tax benefits (tax haven) legally is using the tax treaties to your advantage. there’s nothing wrong with that. limit in liability is only smart if your assets are high. exapt living is self explanatory.

]]> By: Chris http://www.bargaineering.com/articles/open-an-offshore-bank-account.html/comment-page-1#comment-97123 Chris Fri, 25 May 2007 13:54:20 +0000 http://www.bargaineering.com/articles/open-an-offshore-bank-account.html#comment-97123 Having an offshore bank account legally, wouldn't you be subjected to taxes by bringing the money back into the US, or at least some kind of currency exchange charge? Having an offshore bank account legally, wouldn’t you be subjected to taxes by bringing the money back into the US, or at least some kind of currency exchange charge?

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