Why would anyone want an offshore account. I looked it up:
1. Depending on which offshore account, earnings may not be reported to the account holder's home country.
2. Money is shielded from changes in tax laws in the depositor's home country
3. Offshore business investment earnings may or may not be reported to the country of residence until such time that the account holder repatriates the monies.
4. Remember, Romney and the rest of the greedy right have proposed eliminating the tax on offshore earnings so that the owners of the funds (3 trillion dollars) will bring them back into the USA tax free.
5. Accounts are shielded from the IRS and other US entities.
So, do we want a President that has most of his money offshore and therefore no skin in the game in the USA?
An honest look at Republican lies. They take care of the rich and powerful and feed you spin to get elected. If you vote for them don't complain about the smell, look where your head needs to be in order to believe their lies.
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