Offshore Banking Solutions

Offshore banking is using banks and financial services located outside of the jurisdiction of your country of residence. You may choose to use offshore banking services for extra privacy, tax efficiency, or asset protection.

Offshore Banking services also tend to be less regulated than domestic banks, depending on where you reside. They suffer fewer restrictions from governments because they are often located in countries where the laws are not as strict.

As such, it can be financially beneficial to move your assets offshore. These banks offer confidentiality and privacy because they usually have no obligation to divulge information to any body of government or tax authority. Offshore banks provide a good way of protecting assets, and can be useful for anyone looking for higher rates of interest and privacy.

Recent Offshore Banking Buzz

Romney Tax Returns Show 2-Year Income of $45 Million - Details about Mitt Romney's taxes and income suggest the breadth of his wealth and income. [Read More...]

I.R.S. Renews Disclosure Program for Offshore Assets - The program is part of the government?s efforts to crack down on tax evasion worldwide. [Read More...]

U.S. Charges 3 Swiss Bank Employees With Aiding Tax Evasion - Wegelin & Company, the oldest Swiss bank, has confirmed that three of its employees have been indicted on charges of helping United States taxpayers hide more than $1.2 billion from the Internal Revenue Service. [Read More...]

U.S. Targets Clients Directly in Hunt for Cash Hidden Offshore - Government prosecutors hunting in Swiss banks for suspected tax cheats have a new weapon: subpeonas that require recipients to turn over their bank records. [Read More...]

Law to Find Tax Evaders Denounced - The Foreign Account Tax Compliance Act is causing alarm among businesses outside the United States that fear they will have to spend billions of dollars a year to meet increased reporting burdens. [Read More...]

BUT NOBODY PAYS THAT; A Family's Billions, Artfully Sheltered - Ronald S Lauder, founder of Neue Galerie and heir to multi-billion dollar family fortune, has long history of aggressive tax strategies that he has used to preserve his status as one of world's wealthiest men; debate over whether to reduce tax shelters and preferences for the rich is one of the most volatile in Washington and will likely permeate the presidential campaign, after repeated attempts to address the issue in Congress have failed. (Series: But Nobody Pays That) Photos [Read More...]