Should Irish 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 more58% Yes |
42% No |
43% Yes |
33% No |
15% Yes, as long as offshore income is reported |
6% No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes |
3% No, and neither should corporations and business organizations |
See how support for each position on “Offshore Banking” has changed over time for 9.4k Ireland voters.
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See how importance of “Offshore Banking” has changed over time for 9.4k Ireland voters.
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Unique answers from Ireland users whose views extended beyond the provided choices.
@99P372G1yr1Y
No, too many wealthy citizens as well as corporations and business organisations are abusing loopholes in offshore banking laws to evade taxes.
@92S44TK2yrs2Y
Yes, as long as it isn’t used as a vehicle for tax evasion
@beauchurley2yrs2Y
As long as they are not invested in banks tied to Israel and their assets are taxed fairly upon repatriation.
@8XSVGX72yrs2Y
No, but reforms should be made to make investment easier within Ireland.
@Adamjnr3yrs3Y
Yes, as long as offshore income is reported & only if they hold citizenship in the foreign country.
@8RLNYM83yrs3Y
No, and we should get rid of capitalism
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