Can I benefit from offshore banking?
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stevie
Apprentice
Joined: 16 Dec 2007
Posts: 2
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 Posted: 07/30/08 - 08:10 Post subject: |
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| Hi. I am a simple Joe with a few savings. Savings that I would look after in the best way I can, as they are important to me. But on a world scale, they amount to absolutely nothing of course. Can you tell me whether I, in such a situation, could benefit from offshore banking or not? |
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ardath
Apprentice
Joined: 13 Aug 2007
Posts: 6
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| Posted: 08/28/08 - 22:18 Post subject: |
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| Of course you can. There are advantages of this to almost anyone. As long as you have any savings that would otherwise attract taxes, which can now be avoided, you are already gaining. You still get the interest but pay no taxes. It is better and safer than stuffing your cash into a drawer in your bedroom! |
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