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The Real Reasons The Rich Are Moving Money Offshore

Tuesday, February 14, 2012 - 5:48 AM
You might think it's to save on taxes, but according to this Smart Money article, there are two other reasons that are more important:
And there are plenty of tax shelters available here in the U.S. anyway -- such as trusts in low tax states, buying life insurance, and variable annuities.

So what are the real reasons the rich are casing the Caymans with their cash?

There are two, says Duggan: Litigation risk, and political risk.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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