Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: mgist
Impressive piece from NPR

Yes and no.

I'm a small businessman trying to purchase real estate outside the USA. You have no idea how difficult it is to open an account in a foreign country because banks don't want to deal with the USA Fed. govt.. Also, if you transfer more than $10,000 to a foreign country expect to be audited.

IOW, under the guise of "fighting crime" the fed govt is making it very difficult to move any assets out of the country, not really the behavior of a "free society".

2 posted on 05/22/2014 2:07:03 PM PDT by wmfights
[ Post Reply | Private Reply | To 1 | View Replies ]


To: wmfights

What you are dealing may have to do with the country you are buying in.

Most Wall Street banks have offices in every major nation. Almost every bank has offices in offshore tax havens, which aren’t even audited.

I have assets overseas and haven’t had a problem. I am also ne to follow the rules because there is no amount of money worth risking jail for and I like to sleep well at night.


6 posted on 05/22/2014 2:14:36 PM PDT by mgist (.)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson