Hiding assets from the local government doesn’t sound like a bad thing. Keeping one’s assets in a number of countries and currencies sounds like embracing and celebrating diversity to me.
$18 trillion in off shore accounts? Seems a tad high. The electrons which represent this kind of money would probably sink one or two of those off shore island nations. Maybe that dope dem Congressman from Ga was on to something when he was curious if stationing more military personnel on Guam might capsize it.
RE: Hiding assets from the local government doesn’t sound like a bad thing. Keeping one’s assets in a number of countries and currencies sounds like embracing and celebrating diversity to me.
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Speaking of diversity... Congressman Charles Rangel of NY was discovered to own a VILLA in the Dominican Republic from which he makes money of RENTING to rich tourists and executives who visits the Island. He NEVER declared his income from that investment in his tax forms.
He was censured for this ( among the many other ethics violations he had ).
YET, I don’t read ANY news of the IRS going after him for failure to declare that income.
GO FIGURE.
Heck, I’d go for a verbal censure anytime over having to fork overseas income to the IRS.