There is absolutely nothing illegal with having offshore bank accounts

[hill2016]

As long as you pay all taxes due and you declare them on FATCA and FBAR annually.

That's what I do. My taxes are done by a reputable accountant (E&Y) and I declare all my offshore bank accounts annually.

[revbones]

1. Is this the preparatory talking point for when Hillary's accounts are exposed or something? nt

[upaloopa]

4. Have you made up a story yet about Hillary's off shore accounts?

Seems one is brewing. I'll bet somewhere in someone's basement a story is taking shape.

[Politicalboi]

10. No room in the basement

A e-mail server fills it to the brim.

[revbones]

15. Nope. Why would we need to make anything up? if there is one and it's exposed

then that will speak for itself. Otherwise, we have no idea if she has one right?

[brooklynite]

27. "having no idea" never seems to stop people from speculating around here...

[Kelvin Mace]

22. I would be surprised

if there weren't a connection, given the wide ranging reach of the Clintons, their friends and their foundation.

And as long as all of the connections were in compliance with the law, there should be no legal problems. Unfortunately, you mention "off-shore" accounts and many people think "rich people pulling a fast one".

They are, but as long as it is a "legal fast one", the law doesn't care.

The court of public opinion, however...

[Trust Buster]

26. LOL - That should win a DUZY

[HumanityExperiment]

9. ding...ding...ding...

We have a winner, here's your stuffed bear prize... move along sonny, next suck... I mean customer, step on up

[BlueCaliDem]

30. Or maybe a cover for Bernie when he finally releases his tax returns (like Hillary has).

#ReleaseTheReturns, Bernie!!

[TheBlackAdder]

38. It just says you'd rather have your money used to benefit countries other than the U. S. of A.

.


Many of the wealthy are relocating their money for the next areas of national growth.

They know that the US economy is not going to grow as aggressively as certain foreign markets...


So, they have effectively foresaken the US economy!


.

[geek tragedy]

2. um, good for you? nt

[jmg257]

3. Okay - I guess you can stay then. (psst - can I borrow some money?) nt

[GeorgiaPeanuts]

5. For someone who is claiming to have an offshore bank account

You sure enjoy posting the most baseless of pro-Hillary propaganda of any I've seen here

[YASSIR THE FAT]

6. Nice to know that you have no interest but yourself

I got mine, eff you is the message. Thanks, Dad.

[NWCorona]

7. I hope Hillary takes this line of defense.

[jillan]

8. I just love Americans that refuse to invest in America.

I have no problem paying taxes. I do wish I had a voice in how they were spent tho.

[Jackie Wilson Said]

12. Should we all but eliminate the military and defense spending?

As long as Putin is around and ISIS I guess we cant, but ultimately that is the direction we need to go.

[Viva_La_Revolution]

16. Oceania has always been at war with Eastasia.

[peace13]

17. This brings up another point...

..how many times has the US defended these and other tax free assets? We know the wars for oil were financed on the backs of the people. The rich don't want to pay for defense but they sure like to be 'defended'.

[Jackie Wilson Said]

19. The rich get the benefits of all the sweat and blood by the citizens.

[Sky Masterson]

11. Come on. You can tell us.

You're Hillary, aren't you?

[scscholar]

13. Why would you position yourself to steal from the people...

unless you wanted to steal from the people?

[peace13]

14. Running for President while hiding money in tax free ventures....

.....not so cool. When you run for Pres I suggest you dump your offshore accounts first, until then, by all means if it's legal knock yourself out. Legal vs moral are two different things.

[HumanityExperiment]

18. Telling...

"That's what I do." within the confines of loopholes and laws that allow what you're able 'to do' wasn't too long ago that what 'you do' would have been illegal

"My taxes are done by a reputable accountant...and I declare all my offshore bank accounts annually." again.... wasn't too long ago that what 'you do' would have been illegal so there is that...

Either you invest in US and it's people and society or you don't, you've chosen the latter

[Dem2]

20. Can I get a little dough for my kids college?

Probably a hundred grand would be nice...

[whatchamacallit]

21. All your offshore accounts?

Well if there was ever any doubt about your motivations on DU...

[AgingAmerican]

24. Hillary partisans are all filthy screaming rich

...according to themselves

[AgingAmerican]

23. This is right up there with your "Fracking equals jobs!" OP

[cherokeeprogressive]

25. Tell me what benefit you reap from keeping money offshore. There has to be a benefit...

and that benefit has to somehow hurt the economy or tax base.

Out with it.

[Else You Are Mad]

28. Well, that is a reason why...

Mitt Romney lost. Most Americans are worried about not getting over drawn in their domestic bank accounts. Should it come out that Hillary has offshore bank accounts, she will not only have a hard time winning the nomination, it will be VERY hard to defeat her GOP opponent.

Even as a Sanders supporters, I hope to God that Hillary doesn't have any that have not been disclosed because I don't want a Republican president.

[Grey]

29. No need to go to Panama.....

Google LLC Delaware, That is where over half of Fortune 500 companies are Incorporated. It's been said that Delaware has more businesses than population. How can you have more companies than people......?

[Else You Are Mad]

31. DE is a very small state...

It only has 3 counties and South of Wilmington, Delaware is all farm land. So, to matter, they became a pro corporate state. I lived there for 3 years & I still miss not having to pay sales tax.

[closeupready]

33. Yes, it is an interesting fact that the US is one of the largest 'offshore' banking destinations

for dirty money, on a global basis.

[Ghost Dog]

35. Or, just inform yourselves by reading eg. Bloomberg:

http://www.bloomberg.com/news/articles/2016-01-27/the-world-s-favorite-new-tax-haven-is-the-united-states

... After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota.

“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent legal journal. “That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”

Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos. It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt...

[GeorgeGist]

32. Is that shorthand for ...

FATCAT AND FuBAR?

[Avalux]

34. That explains a lot!

Of course you're a Hillary supporter.

[arcane1]

36. Cool story n/t

[SHRED]

37. Why did you post this?

[frylock]

40. To boast of their immense wealth.

[frylock]

39. I wonder what percentage of Hillary supporters on this board enjoy immense wealth.

Probably around 70%.

[nadinbrzezinski]

41. That is part of it

that said, here is why I doubt the Clintons, or my Mayor, will be in the list.

http://www.democraticunderground.com/12511653573

There are way too many shady deals, just ask the former Speaker of the House... but I got a feeling the Clintons will not be in that list. Now some their friends... might.