An offshore (or foreign) bank account is a bank account you have outside of your country of residence. The benefits of an offshore bank account include tax reduction, privacy, currency diversification, asset protection from lawsuits, and reducing your political risk. In April 2016, Wikileaks released 11.5 million confidential documents, known as the Panama Papers, which provided detailed information on 214,000 offshore companies serviced by the Panamanian Law Firm, Mossack Fonesca. The document exposed how world leaders and wealthy individuals hide money in secret offshore tax shelters. The…
Read more50% Yes |
50% No |
34% Yes |
40% No |
16% Yes, as long as offshore income is reported |
6% No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes |
3% No, and neither should corporations and business organizations |
See how support for each position on “Offshore Banking” has changed over time for 76.4k UK voters.
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See how importance of “Offshore Banking” has changed over time for 76.4k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@966NDGW2yrs2Y
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.
@965TC6R2yrs2Y
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.
@964WNCY2yrs2Y
Yes for valid reasons, eg supporting family as long as it's reported and can't be used for tax loopholes
@94CPJJY2yrs2Y
no, and neither should corporations and business organisations, furthermore, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes
@9422R3S2yrs2Y
Yes, but the government needs to stop allowing by law ALL tax evasion loopholes to be used at all by individuals or organisations.
@93T3S462yrs2Y
Yea but this shouldn’t be a tax loophole
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