Offshore Banks

[REALITY]

DO THE POSTERS IN THIS FORUM REALLY WANT TO DISCUSS A SENSITIVE ISSUE LIKE THIS IN A PUBLIC FORUM?

ISN'T IT LIKE TIPPING YOUR HAND?

THINK ABOUT IT...

REALITY

[reno]

Frank, the most important new info is that the IRS has pressured the big credit card companies--Master Card, Visa, and American Express--to provide them with info on all international transactions. In the past, many people who had offshore bank accounts would access the funds via credit card purchases and ATM withdrawals. Now, the IRS will be privvy to that info. Also important is the fact that the IRS has demanded that foreign banks no longer allow Americans to buy U.S. stocks via their bank accounts.

[PerpetualCzech]

reno,

I have beem banking in the British Virgin Islands for 2 years and if you would like any information about my experiences, feel free to write me at jansuch@attglobal.net

[Fedya Fussball]

The pressure by the IRS is on foreign banks to disclose transactions by US Citizens. I'm not sure if US Permenant Residents are included. I beleive it is because (we) they also submit 1040 Tax forms
and could be subject to US tax requirements...



TO REALITY...



Why do you think that people don't want to disclose such information??? There are many US Citizens who are taking their money offshore. Or is it that you beleive its punters who should be looking over their shoulder???



FF

[bucky]

Dudes,
What about a Swiss bank?