Offshore Banking - Are Offshore Bank Accounts Legal AndWhy Would You Want One?

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They are simply a "one-stop" retail center for financial expert services. Whether you want a lendingproduct... credit card... undergraduate account... even your "graduate account"... they have the bestthing.

There could be some small iota of truth to Snipes saying Kenneth Starr is lying about telling him topay his taxes, if not for something Snipes himself did. For a man who insists he didn't know he wasdoing anything wrong, then why did Snipes hide the almost $3 million he was supposed to pay theIRS in taxes in accurate processes and sham companies.? Only a guilty man tries to cover up afterhimself and Snipes certainly ran around doing a lot of "covering up" for a man who didn't know whathe was doing was wrong. And that's the action that's going to burn him.

With online services like E-gold, Pecunix and GoldMoney, you can store gold and use an onlineinterface to transfer gold to others - similar to online banking and making it a form of offshorebanking. The difference is you literally own gold, something of intrinsic value. You can also own goldby holding a receipt for it - giving you ownership of real gold, without having to physically store it.And of course you can own gold by purchasing bullion - either in bars or coins.

The technology is improving to catch tax evaders who often establish an offshore banks in a countrythat does not share account information with the I.R.S. An A.T.M. card is often used allowing accessto the funds at any A.T.M. machine in the U.S. that is in the offshore bank's A.T.M. network. The

U.S. bank through which the A.T.M. withdrawal is processed becomes a legal party to thetransaction. The I.R.S. has a significant project underway to drill-through the U.S. bank and find theoffshore account and the U.S. taxpayer/evader.

If you can't afford a cheap foreign condo, then re-think the whole international thing and go buysome gold coins or bullion before you have to register it.

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