Bahamas Offshore Bank Account For US Citizens
It is a proven fact that US citizens on the whole have a lot less money in offshore bank accounts as compared to citizens of many other countries in the world. For American corporation that are multinational, it is still rather easy to a bunch of offshore banking options, but for an individual it is still an uphill task, owing mostly to the tight grip of big brother IRS and the strict regulation that they have put in place and the implementation of the new Foreign Account Tax Compliance Act is just going to make things worse.
Even foreign banks are forced to sing to IRS’ tunes with virtually every bank on the planet being forced to sign some fort of an information sharing agreement with the government agency. Failing to do so often...