Question:Why do offshore banks not save someone from paying taxes on the money in the account? 

A The offshore bank will contact the U.S. government and inform them of what the customers are doing 
B The U.S. tax law requires all citizens to pay taxes on both domestic and foreign earnings 
C The offshore bank will collect taxes on behalf of the U.S. government 
D None of these 

+ Answer
A 

+ Explanation
Answer not sure

+ Report

Md. Habib Ullah

Editor, VCampus

Your Name

Your Email

Type of Report
Spelling MistakeIncorrect AnswerGrammar MistakeContent MissingImproper Text FormatInsufficient AnswerDuplicate QuestionImproper Sentence StructureImproper Equation/FormulaOther

Description