Offshore Asset Protection is almost a necessary measure in today’s world. All one has to do is open any newspaper or news website and it isn’t hard to find stories of civil forfeiture. For example this article from Sept. 25, 2013 on the USA Today Website: Assault
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WOODY ALLEN once remarked that believing in God would be easier if He would show Himself by making a large deposit in a Swiss bank account in the director’s name. Parking riches in the Alps has become a less heavenly experience in recent years, thanks to America’s assault on its tax-dodging citizens and the moneymen who serve them.
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Overseas investment may become more of a choice for China’s richest families as foreign private banks are looking at offshore opportunities for their Chinese customers to avoid tougher regulations in the country, a PricewaterhouseCoopers survey said.
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Canadian experts say that as long as you follow the appropriate reporting rules set out by the Canada Revenue Agency, offshore bank accounts can be a practical and, in some cases, necessary way to deal with your finances
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