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 75k UK voters.
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See how importance of “Offshore Banking” has changed over time for 75k UK voters.
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Unique answers from UK users whose views extended beyond the provided choices.
@93R4GT32yrs2Y
Yes, but it depends on which nations banks it is in.
@93DHDFW2yrs2Y
Yes, but with strict limitations and obligations to report offshored income
@92QWF2Z2yrs2Y
Depends on the situation for example people working on an oil rig should not be taxed
@8ZJCZG92yrs2Y
Yes, but only after taxation
@8YYF6CT2yrs2Y
Yes, but remove all tax loopholes
@8YT58752yrs2Y
yes, but it must be reported and their is a cap in how much money can be offshore.
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