Comments on: Offshore Accounts For the Rest Of Us? http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/ The Personal Yakkety Yakkings of an Internet Entrepreneur Fri, 03 Feb 2012 10:16:46 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: What’s Up Wednesdays: February’s Top Commentators || Beyond the Rhetoric || http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/comment-page-1/#comment-15217 What’s Up Wednesdays: February’s Top Commentators || Beyond the Rhetoric || Wed, 05 Mar 2008 18:58:12 +0000 http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/#comment-15217 [...] to make money, but to account for it in the most cost-efficient way. As such, he took notice of offshore bank accounts for the rest of us. It’s not just for drug lords [...] [...] to make money, but to account for it in the most cost-efficient way. As such, he took notice of offshore bank accounts for the rest of us. It’s not just for drug lords [...]

]]> By: Mike Huang http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/comment-page-1/#comment-15192 Mike Huang Fri, 29 Feb 2008 07:43:07 +0000 http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/#comment-15192 Very true. John Chow keeps getting richer. He is pure evil! -Mike Very true. John Chow keeps getting richer. He is pure evil!

-Mike

]]> By: Stephen http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/comment-page-1/#comment-15187 Stephen Thu, 28 Feb 2008 18:22:37 +0000 http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/#comment-15187 The interest and capital gains is tax free. It is "assumed" you used after tax income to make up to a $5000 initial investment. The savings account will likely need to be registered so you won't really have much anonymity on what you do with the funds. The interest and capital gains is tax free. It is “assumed” you used after tax income to make up to a $5000 initial investment.

The savings account will likely need to be registered so you won’t really have much anonymity on what you do with the funds.

]]> By: Michael Kwan http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/comment-page-1/#comment-15185 Michael Kwan Thu, 28 Feb 2008 07:35:20 +0000 http://www.stephenfung.net/offshore-accounts-for-the-rest-of-us/#comment-15185 Let me get this straight. The initial $5,000 investment (each year) is still taxed like normal, but it's only the interest earned from that account that is tax-free? What if you used that $5,000 as a venture capitalist for some off-shore, um, venture? Alternatively, what if that $5,000 was used as seed money for a website or blog? Let me get this straight. The initial $5,000 investment (each year) is still taxed like normal, but it’s only the interest earned from that account that is tax-free? What if you used that $5,000 as a venture capitalist for some off-shore, um, venture? Alternatively, what if that $5,000 was used as seed money for a website or blog?

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