RE: Anyone with any foresight has moved their estate OFF SHORE.
We need to be reminded that the IRS has power to go after any money deposited in offshore accounts.
UBS is a prime example of the US government FORCING and BULLYING them to disclose thousands of account holders in Switzerland.
And guess what ? The once brave and independent Swiss Parliament CAVED.
Don’t put your money in Switzerland. It isn’t a secret account any longer.
Belize is working right now to become the next Switzerland or Cayman Islands.
Yes, you are correct, but not wiyhout a courtaction in the foreignjurisdiction, They cannot seize anything without a court oprocedure and posting security for cost of the court action in a foreign jurisdiction. Here at home they do not have to prove their right of seizure , the burden is on YOU to prove it after the seizure occurs, a very expensive proposition.If you pay your taxes on the incomoe from abroad, the foreign jurisdiction court will prevent the seizure. Very simple.And the feds will have to pay the costs of the court proceeding. Thats the real reason theat Obama wants to cow Americans from placing money off shore.We have a perfect right to do so as long as taxes are paid.SO when Obama wants to seize assets under unconstitutional law or executive order ( as is likely), he will not be able to do so abroad.
Who's talking about money? Assets, my friend. Assets...