The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: Wayners who wrote (67646)	3/15/2012 4:41:21 PM
From: John	2 Recommendations Read Replies (2) of 103300

...Corporations keeping their profits offshore... Question: Can foreign-based investors invest in U.S. financial instruments, and, if so, are their capital gains taxed by the United States government when the money leaves the county and flows back offshore? I can imagine setting up a foreign investment corporation in the Cayman Islands, opening U.S. investment accounts on behalf of the company, and investing from the account in the Caymans. I may seek legal advice about this. Anything to legally avoid financing these bastards anymore than I absolutely have to under the law. Truth be know, I have always feared foreign held accounts. Hell, if MF Global in the United States can simply say, "Ooops! We have no idea where all of your money went, Mr. Celente. Good luck," then what on Earth would stop a bank in the Cayman Islands (or the government there) from easily doing the same thing? Plus, God only knows what kind of bizarre U.S. law will be written next to allow the U.S. government to take full ownership of all foreign accounts held by U.S. citizens. Dangerous world. Dangerous times. The bastards are desperate for money and very dangerous! -ng-

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