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To: Beave Meister

I wonder how many Yankee dollars are stashed in Swiss banks ?


2 posted on 09/01/2014 5:52:58 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: Eric in the Ozarks

I don’t know, but I’m sure it’s safe to say their will be a lot more than their was yesterday.


5 posted on 09/01/2014 5:56:04 AM PDT by Beave Meister (Die Hard Cubs Fan.....if it takes forever.)
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To: Eric in the Ozarks

With US banking and tax law designed to ferret out hidden dollars I’m guessing lots of dollars are in those banks, but stashed would be not so much. I’m also guessing that Caribbean banks have taken over what the Swiss used to be famous for, after the Swiss were coerced into giving up, (ratting out) their US depositors to the IRS.


9 posted on 09/01/2014 6:14:56 AM PDT by wita (-)
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To: Eric in the Ozarks
I wonder how many Yankee dollars are stashed in Swiss banks?

Not as many as you'd think. When America started going after foreign banks believed to be "hiding" or "sheltering" American dollars from American taxation, many foreign banks literally kicked out their American customers and refused to take any new American accounts.

You should know (if you don't already) that America is the ONLY COUNTRY IN THE WORLD that taxes its citizens no matter where they live OR WORK in the world.

I had an offer some years ago to EXPAT and do some work in the Netherlands and Belgium. Among the reasons I didn't do it: DOUBLE and in some cases TRIPLE taxation. I'd have to pay the taxes for each country I'd worked in PLUS because I'm an American, I'd have to pay America's confiscatory tax rates also.

We do in fact have the WORST taxation in the civilized world. We're the ONLY country that taxes it's citizens on all money made abroad. At least that's my understanding.

11 posted on 09/01/2014 6:31:18 AM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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