Offshore Tax Evaders: Time to “Pay or Pray”
Well, it’s tax time for those that elected to extend it to October 15th. And it is a different year for many U.S. citizens that have historically tucked money away offshore that in the past would have been safe and sound from the reaches of the IRS. Well, the taxman cometh, and with a passion.
As expats are actually overseas and many encounter offshore options more frequently because of this reality, we thought it was relevant to review articles such as this one, titled Tax Evaders Face Choice: Pay or Pray found on the NYTimes.com.
For those that encounter other expats regularly, is this a topic of discussion you’ve noticed? While you certainly don’t have to be an expat for this to be relevant, it seems that it would be on the average expats radar more than someone still in the States.