• Varyk@sh.itjust.works
      31·
      3 months ago

      oh, so what did you mean by “outside the reach of the federal government” rather than tax avoidance, just foreign investment opportunities?

        • Varyk@sh.itjust.works
          1·
          3 months ago

          then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.

          • ccunning@lemmy.worldOP
            1·
            3 months ago

            How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?

            Not following your train of thought

            • gibmiser@lemmy.world
              4·
              3 months ago

              I assume you are afraid of a political act causing this and not because of a debt or criminal act? I don’t think the other poster gets that

            • Varyk@sh.itjust.works
              1·
              3 months ago

              Yes, reporting foreign income and paying taxes is exactly what keeps the US from seizing and freezing accounts.

              you said you don’t want to avoid paying taxes.

              If you report your accounts and investment income and pay taxes, then you’re in no danger of the US government seizing or freezing your accounts.

              • ccunning@lemmy.worldOP
                1·
                3 months ago

                I don’t know if you’ve been following the news but I’d say that’s wishful thinking at this point.

                • Varyk@sh.itjust.works
                  11·
                  3 months ago

                  i have.

                  you want to be part of the US tax system while being “out of reach of the federal government”, two aims you should understand are incompatible.