Should citizens be allowed to save or invest their money in offshore bank accounts?

Yes as long as offshore savings and income are reported and income is taxed at UK levels (eg UK taxes income at the difference between UK rates and the country rate applicable to the account eg Cayman Islands).

Ideally no, but it will be harder crackdown on it thus keeping taxes as low as possible is the only away to reduce it.

Offshore investments should be allowed however wealthy citizens found or suspected of using loopholes to evade tax should be stripped of their accounts and back dated in taxes

Citizens should be allowed to invest, save their money how they see fit. It’s hard earn cash. End of

Only if they can show a legitimate reason for the money being put offshore - e.g. having a second home in that country

Yes, but only as long all loopholes for the wealthy citizens who abuse the system to avoid taxes are closed. Especially big companies and the rich.

Yes, but companies shouldn't be allowed to do it as it allows the concentration of wealth abroad by untaxed entities. Citizens are taxed on their gains, so it should be one rule for individuals, another for companies.

Yes, as long as they hold citizenship in the country of the bank they wish to invest their money in.

Yes citizens should be free to spend money

Yes, many important affluent citizens save or invest their money in offshore bank accounts

Yes but thresholds should be introduced as to how much money one is allowed to invest offshore tax free

Yes, but only individuals (not corporations) and only up to a limited amount of money. And as long as they are paying the right taxes on time. Plus cutting loopholes.

Lower our taxes to boost investment into the UK.

Yes if it is legal to do so.

No, and neither should corporations, business organisations, government officials or the monarchy. Loopholes are used too often to evade taxes, which is unfair and detrimental to the economy.

Yes, as long as it's reported, and the relevant taxes are paid when they should be; any delays to payment of taxes should be investigated.

Yes, but only individuals (not corporations) who have an existing connection to that country, and only up to a limited amount of money.

Yes, we are a global economy and offshore banking may offer lower costs or easier transactions for the business on individuals holding such account. But close loopholes for tax evasion.

Yes, and fine citizens who do not report offshore income.

its ther emoney, they can do what they want

Yes but the loopholes should be reviewed and they should be taxed appropriately

Tax should be paid on any money going out of the country. Then all taxatino should be at point of spending not point of earning, so if profits are made from off-shore investments, once the money comes back in to the UK and is spent, tax will be collected at this point.

Yes, as long as offshore income is reported. Loopholes are removed for corporations & smaller businesses &ow income individuals are taxed less

As long as it is reported and they are taxed on income and

Yes, but only if those accounts do not avoid taxes that would be paid on them from saving in UK accounts.

No, but they also shouldn't be taxed on savings

Yes, as long as some tax is paid on it.

Yes, as long as offshore income is reported; and also introduce a low, temporary tax on offshore accounts

No, and countries should work together to reduce the viability of tax havens

Neither business or wealthy citizens should be to hide money in offshore accounts

Yes but it should be regulated to avoid loopholes

As long as they are reported and taxes are still payed—regulated and those trying to create offshore accounts to evade taxes should be held to account legally, and dealt with transparently—otherwise, no.

As long as it’s not taken advantage of

Yes, but a certain percentage should stay in their own countries banks

Yes, as long as offshore income is reported and included for tax calculation

Yes, but they shouldn’t be allowed to hide this. I would allow citizens to use the services of a bank outside the UK as long as it is done for legitimate reasons. I would make sure there are compliance requirements and also make sure these are declared back to the UK for tax reasons.

Corporations cannot however individuals can.

It should be allowed as long as it is reported and taxed the same as an onshore account as far to many Big Corporations and Wealthy Citizens are using them to dodge taxes.

Yes, only if they live in that country, or have a second home there.

Yes, but only if they report ASSETS and INCOME and are taxed on a global basis

Yes, as long as offshore income AND ASSETS are reported twice a year and taxed on a global basis

Yea but this shouldn’t be a tax loophole

Yes but only funds obtained outside the country should be allowed to be placed in it. Anything earned in the country stays in the country and should be subject to taxes.

Yes, but it depends on which nations banks it is in.

Yes, but with strict limitations and obligations to report offshored income

Depends on the situation for example people working on an oil rig should not be taxed

Yes, but only after taxation

Yes, but remove all tax loopholes

yes, but it must be reported and their is a cap in how much money can be offshore.

No if it's to avoid tax.

No, corporations business organisations too wealthy citizens and abusing loopholes

Yes, if it is appropriately taxed as it would be if it were in the UK

It should be declared and capped.

Only if they do not receive funding from the public (i.e. those who work in civil service, politicians, benefit recipients should not be allowed)

Yes, but only in account held in countries in which they hold citizenship

Yes as long as it is reported and actions are taken to restrict and get rid of loopholes so wealthy individuals can abuse it.

Not for tax purposes, but people working here should be able to keep an account in their country of origin to send remittances to their families, and British people living and working in other countries should be able to do the same.

Yes, that is a personal choice.

Yes but it should be taxed to offshore money and money currently offshore should have a value tax on them.

Yes, as long as there are checks to prevent them abusing the loopholes and prevent then from evading taxes

Yes, as long as offshore income is reported, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

Need to ponder this

Yes but limit to 25% of total earnings

Yes but only if they have heritage / citizenship of the country the bank account is in

I don’t understand this issue enough to have a view

Yes, but there strict regulations on the offshore bank accounts

If the money is earned in the UK, it should be saved or invested in the UK. Otherwise it should be saved/invested in that country.

yes but they should pay a tax to do so

only if the income is earned offshore

Accountd is theme is important of Decrease and partd of the county fraud the taxes refunds and other exchange worth

Private citizens should declare, but ban companies from doing so

i don’t mind

Yes, as long as it is reported and taxed appropriately

Yes, but an effective solution must be in place to identify and seize illegal AND immoral movement of funds.

Yes and set up legally to stop wealthy citizen abusing loophole and evade taxes.

The question will be asked via Liquid Democracy, if the answer is no, then we will automatically prevent people from saving money in offshore accounts and make it illegal.

Yes, but loopholes should be closed and outgoing money should be taxed at 75% with incentives to keep large amounts in the country.

As long as they pay taxes overseas then yes

If that "offshore bank account" is a bitcoin wallet, then sure. Goodness knows why anyone would trust a bank.

yes but each time money is transferred to an offshore account a tariff is payed

Yes, but corporations and business organizations should not be allowed to do so

no, and neither should corporations and business organisations, furthermore, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes

Yes, but the government needs to stop allowing by law ALL tax evasion loopholes to be used at all by individuals or organisations.

British Nationals should be allowed to save and invest in offshore bank accounts, but only if they are based in a British Overseas Territory or any of the Crown Dependencies or The Crown's Realms.

Yes for valid reasons, eg supporting family as long as it's reported and can't be used for tax loopholes

Regardless, abolish the market economy