Should German citizens be allowed to save or invest their money in offshore bank accounts?
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 more48% Yes |
52% No |
35% Yes |
42% No |
13% Yes, as long as offshore income is reported |
6% No, and neither should corporations and business organizations |
4% No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes |
See how support for each position on “Offshore Banking” has changed over time for 7.1k Germany voters.
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See how importance of “Offshore Banking” has changed over time for 7.1k Germany voters.
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