I'm still trying to figure out what sort of privacy "advantages" you receive by having your money held offshore. I mean, I know I'm just a peasant with a local bank account -- but I don't have people regularly checking my pathetic state of affairs.
Under UK law, anyone can can get private information about officers/shareholders of companies (Name, Address, and other contact info) from a Government office for simple processing fee (around $20 US last I heard). Now while that doesn't really mean much to you or I, to celebrities who have to deal with crazy fans stalking them, it can be a real issue, so privacy is certainly a valid reason to have offshore holdings.
I'm still trying to figure out what sort of privacy "advantages" you receive by having your money held offshore. I mean, I know I'm just a peasant with a local bank account -- but I don't have people regularly checking my pathetic state of affairs.
Under UK law, anyone can can get private information about officers/shareholders of companies (Name, Address, and other contact info) from a Government office for simple processing fee (around $20 US last I heard). Now while that doesn't really mean much to you or I, to celebrities who have to deal with crazy fans stalking them, it can be a real issue, so privacy is certainly a valid reason to have offshore holdings.