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I believe if you commit a crime and they are aware of your offshore account, they can do certain things to you personally in order to force you to give them that money. For example, they will threaten more severe charges if you don't agree to bring those funds into the United States.
I'm not sure if they can get account info directly from the foreign bank though. I don't see why they'd have that sort of power, especially with certain banks in Switzerland and the Caymans which are known for their confidentiality.
Very true...I actually remember something like that in my International Finance class. Something along the lines of the new US regulations working them out of the game.
Thanks for that.
Sorry to correct you tmac but Jersey is one of the Channel Islands off the north coast of France.
It is a Cayman Islands-like offshore banking center.
Haha, I was wondering about that one. It said "Jersey", but not New Jersey, so I just made the assumption. Thanks for correcting me! I'd rather be wrong and find out the truth rather than believe something that's false.
Haha, I was wondering about that one. It said "Jersey", but not New Jersey, so I just made the assumption. Thanks for correcting me! I'd rather be wrong and find out the truth rather than believe something that's false.
If you go by contribution to US economy/society I would have to say LA.
If you go by power over economy/society I would have to say DC.
LA is the 2nd largest city/economy. Hollywood certainly gives it cultural relevance, for better or worse.
DC is a special case. As a city its obviously 2nd/3rd tier, more in line with Bos/Atl than LA or Chi. However, as seat of government decisions made in DC have more power over peoples lives than in any other city. The most important issues of the day are decided (or kicked down the road) in DC.
New Deal/WWII/Civil Rights/Vietnam/Roe v. Wade/Wars on Terror, Drugs, Cancer, and Poverty/ the current bailout and stimulus/Health care, global warming, etc.
Well this just goes to show polls on here can't be trusted, too many homers.
You had 27% of the people vote for SF, Houston, and Boston...
The only ones you could even make an argument for were DC, LA and Chicago...
Agreed. Btw, I didn't even vote for Houston. Houston does a strong case, but still I wouldn't rank it as 2nd most important. Boston has wayyyy too many votes.
Agreed. Btw, I didn't even vote for Houston. Houston does a strong case, but still I wouldn't rank it as 2nd most important. Boston has wayyyy too many votes.
I agree...there's no way we're the second most-important city. I'm not sure who the heck has been voting for Boston (aside from Boston14) because as we mentioned earlier in the thread, the main Boston forumers all said they voted for other cities (I voted for Washington DC).
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