Should citizens be allowed to save or invest their money in offshore bank accounts?

No

Yes, as long as offshore income is reported. And willing to reconsider if this is gamed extensively.

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.

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.

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

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

US citizens should be allowed Offshore bank accounts, as long as the countries they are doing it in our friendly to the United States, as long as the person does not Make over a certain amount of money (Particularly in the highest income brackets), And as Long as companies they invest in do not have a record of criminal activity or cooperation with enemies of the United.

Yes. The government does not have the authority to dictate to its citizenry how to spend or use its money. Tax loopholes should be abolished and every citizen should get taxed at the same flat rate across the board.

Yes but only in places tied through citizenship and/or residency to the individual, not for abuse of tax brackets

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.

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.

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

The U.S. should lower taxes so citizens do not need to send money overseas.

Yes, as long as offshore income is reported and as long as we fix the loopholes that allow wealthy citizens to evade taxes.

yes, as long as there are regulations for the wealthy, or anyone to not use loopholes to evade taxes. All money owned by a U. should have to abide by U.S law.

Yes, but there should be some regulations in place because I can see these offshore bank accounts being a source of fraud and illegal activity

No! Neither citizens or corporations or organizations, including the church. They must have their wealth in the country and must pay taxes if it's truly an extreme amount of wealth.

It is their money and choose how they want to keep it safe so if they think it's the safest route just let them.

yes but make it so that wealthy citizens can't abuse loopholes in offshore banking laws to evade taxes.

Yes. However, income should be reported and included in any taxation of the U.S. citizen (where applicable).

Yes as long as TAXES are paid. Maybe make taxes even higher if you put your money in offshore accounts.

The government already takes too much of our income and they spend our money very foolishly. We should only have a sales tax to run the government. We should be able to invest in what we want to invest in.

Yes, but available to everybody. When a dictator takes over USA, I sure would like to be able to move my modest savings to a neutral offshore location so the authoritarians cannot get it.

Yes, but they must have their income from offshore reported and held to a higher standard of scrutiny.

Yes, for citizens making less than a certain income. The current FATCA policies make it impossible for normal middle class expat US citizens making their entire income offshore to invest.

Absolutely not. Wealthy citizens and large corporations are investing into offshore bank accounts to evade taxes and increase capital gains at the expense of others.

no. We suffer together: Richie riches and us poor peeps. No advantages from opening accounts abroad.

Yes, but we should put huge tariffs on businesses manufacturing in China, Vietnam, or any communist country for that matter

I want to say yes because i believe in freedom, but i wish to say no because of the corruption we see with money being moved like that.

Yes, as long as the offshore income is reported and loopholes that encourage tax evasion are closed.

Business organizations shouldn't be allowed but if the individual is planning to move countries for temporary or permeant residence then yes.

Yes so long as domestic income transferred or deposited into said account is reported. Income from foreign businesses or investments should not be reportable to the US government.

Yes, as long as such a transaction is in essence treated as a sale/transfer with appropriate taxes applied at the time of transfer

Yes, but only after submitting to multiple layers of reporting and transparency to prove a legitimate reason such as dual citizenship, family business, etc. (more stringent measures for high money value accounts).

Why would a constitutional government want to have the power to tell its citizens what foreign banks they can and cannot invest their money in. Does anyone not believe the family members of our national politicians do this exact thing as a way of laundering campaign money into offshore banks so it can't be traced by the IRS.

Yes, as long as they pay taxes on it before it leaves the country And you shouldn’t be tax for bringing it back in

I say no because they could abuse this type of thing as it states, "The document exposed how world leaders and wealthy individuals hide money in secret offshore ta shelters." and another thing it is not fair for citizens are abusing these loopholes and avoiding taxes even though I hate taxes but I just got to do.

U.S. Citizens should be allowed to hold offshore accounts as long as it is reported. Corporations should not, the extremely wealthy of our nation should keep their assets made in the US, in the US to avoid corruption.

Yes, as long as offshore income is reported and security measures are being taken to eliminate loopholes and tax evasion

Yes, as long as it with a country that has a treaty/agreement with the US to report them the same that US institutions are required to.

Neither they should keep there money here with them and make sure that they are following financial laws and regulations for one reason. It is due to creative accounting and of them not being for front about there financial disclosure and tax returns

No opinion. I don't have any, don't have any funds , and wouldn't even know how to invest in this kind of account.

Yes, so long as income is reported and taxed as such, while regulating offshore use by corporations. Bans should be issued if Individuals or corporations do not report the offshore earnings as income, or use accounts for nefarious purposes.

Yes, as people should be able to have financial freedom, but there should be regulations/screenings to make sure that money is still being accounted for to avoid abuse of loopholes and tax evasion.

Yes. Also remove PFIC laws and allow U.S. citizens to invest in foreign exchange products. The wealthy already invest in foreign products via shell companies.

If the person resides in the US, they should pay taxes and be required to report income if it's in offshore accounts. If they do NOT reside in the US, they should not pay taxes on the income. Corporations and business organizations should be held to the same standard.

Yes, but there should be a restriction on who or a limit on how much money can be invested. The rich should receive a lower limit, less money they can invest, while the low income should receive a higher limit, more money they can invest.

Yes, as long as offshore income isn't from exploited workers and they are paying appropriate tax rates.

if they are planning on staying there for some time during the year then sure otherwise I might be reluctant.

Sure, but have a cap in total assets held in banks and ban bank assets in countries we don't have extradition with

Yes, as long as the offshore income is reported, but NO to corporations and business organizations as too many wealthy citizens abuse loopholes on such to evade taxes.

Yes, however, the tax code should be rewritten so that companies and people whose primary business and/or income in America should have to pay taxes regardless of where their money is based

It’s their money they can do what they want with it. If the US wants to keep the money in the US. They need to compete with offshore bank accounts.

Yes, as long as the income is reported and the IRS should use audits to ensure that citizens are adequately reporting offshore income.

Yes, as long as the county where the money is being held is a political ally, and is reported yearly for purposes of tracking the money not for taxes

Yes, as long as that money is reported and taxed as if saved or invested here. Corporations should do the same.

Yes, as long as offshore income is reported and there are no loopholes in offshore banking laws to evade taxes.

Mixed stance..it if hurts our Country, then it should be stopped for a while until we are financially strong again.

Yes, as long as offshore income is reported, and a standardized tax is placed on that value. This should not be enforced on individuals with dual citizenship with banking in their secondary country.

Yes, however both corporations and people need to put it on their tax reports and get charged for it.

I don't think it's very appropriate to utilize banks that aren't part of the U.S. However, I think the tax system in the U.S. right now is broken and needs to be fixed, so I don't mind this as much

Repeal the Sixteenth Amendment. Abolish the Federal Reserve and IRS. Simply the tax code. Protect generational wealth. Create more opportunities for more families to create and generate more generational wealth and keep it here in the United States.

Yes, as long as those bank accounts are monitored and we have partnerships with international banks to track that money. This can prevent crimes like wire fraud and money laundering.

Yes, and also partner up with those international banks to make sure wire fraud and money laundering can be regulated and prevented.

Reform taxes to a "first sales only" sales tax, and it won't matter where anybody stores their money.

Yes, a person's money is their own private matter and the government should have no say or knowledge of it

Only for those without corporate ties, but only savings, not investments, and require it to be reported and taxed.

No, but the average citizen should still be able to purchase desired or necessary items they cannot get domestically.

How can this be abused by both citizens and/or the government? Is this exploitive to/by either citizens or our government?

Once taxes are paid on the money citizens should be allowed to do whatever they want with their money as long as it doesn’t contribute to a threat to our economy or country

Yes, only if they are a resident of that country. Foreign residing citizens should not have to declare tax information or bank accounts to the U.S.

Yes, as long as offshore income is reported And taxed because too many are abusing loopholes in offshore banking laws to evade taxes which is taking dollars out of the system so reduce the ability of tax evaders to evade taxes

I think it would be fine but if the business should be checked for under ground or shady illegal backings first

Yes, as long as offshore income is reported. also more effort should be to make domestice accounts more favorable.

Yes, so long as it is audited every year and taxed at a higher rate to encourage investing within the country

If the money is earned by working abroad, it should not be touched/taxed by another institution, other than in the one, within which domain it was earned. If you work in Germany, taxes for Germany and no taxes for the US.

This is kind of iffy. Off-shore bank accounts can be used to do a lot of things that aren't necessacarily good.

Yes, for regular citizens, but prohibit corporations/business organizations and politicians/government workers from doing so.

Prohibit corporations/business organizations and politicians/government workers from doing so, but allow regular citizens to do so.

Yes, but increase financial oversight on wealthy account owners and corporations in an effort to prevent tax evasion

Yes, federal and state government should not have any legal right to control over how or where US citizens store money

Yes, but he still need to pay us taxes and it need to be declared. And it should be limited to a certain percentage of their total capitals

Yes, but only individual citizens not groups, businesses, and organizations. Individuals with off shore accounts must have stricter regulations of reporting with 2 reporting periods that require hard authentic evidence of funds and valuables in the off shore accounts.

Yes, as long as it is subject to the same rates of taxes as it would be in America, and that the income is reported in their annual taxes.

Yes, but it needs to be reported for everyone regardless of their income, job, age, or social standing.

No, though politicians must also be required to report their investments, not trade stocks, mandate a lifetime lobbying ban, etc. If private investment businesses and U.S. citizens suffer due to tighter restrictions on tax evasion, politicians who make these laws should also be included.

Yes, as long as offshore income is reported, and they are not abusing loopholes in offshore banking laws to evade taxes