|
Posted by John L on December 11, 2007, 4:05 pm
Please log in for more thread options
Lots of big European banks have offshore subsidiaries in Jersey,
Guernsey, and the Isle of Man that offer attractive rates on pound and
euro deposits. These mostly are marketed to UK expatriates, due to
quirks of UK tax law that exempt them from UK taxes, but they're open
to anyone. They look like a straightforward way to park money in
those currencies. I'm particularly thinking of HSBC, since they're my
bank in the US.
Are there any tax gotchas for US residents? I realize that if I were
so inclined, I might accidentally forget to report the interest and
hope the IRS didn't notice, but that's not my intention.
Regards,
John Levine, johnl@iecc.com, Primary Perpetrator of "The Internet for Dummies",
Information Superhighwayman wanna-be, http://www.johnlevine.com, ex-Mayor
"More Wiener schnitzel, please", said Tom, revealingly.
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap