Quote:
Originally Posted by EpyonXero
Speaking of offshore accounts...
Benefits to deferring tax payments include the ability to reinvest the deferred taxes, earning higher returns before bringing the money into the U.S. A wealthy investor who has no immediate need for the money would be able to keep the investment offshore indefinitely, never paying U.S. taxes on it.
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Glad they said this at the end, as I was thinking it the entire time I was reading the article. Somebody who doesn't need to money to live on could just leave the money there, then eventually buy a place in the Cayman's to retire and just pull the money out while living in the Cayman's.