Are offshore credit cards illegal?
- David Greene
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Americans can do business in any country as long as such business is allowed by that country. Therefore, having an offshore credit card is not illegal. However, most of these cards are designed to evade income tax and that is…
Are offshore bank accounts illegal?
- David Greene
- Comments Off on Are offshore bank accounts illegal?
As I have mentioned previously in this column, the IRS has launched an aggressive offensive campaign against people who have offshore bank accounts. It is certainly not illegal to have an offshore account or credit card and there are many…