@ISIDEWITHQuestionseconomyStarted 9yrs agoActive 2mos ago

Should citizens be allowed to save or invest their money in offshore bank accounts?

Should Canadian 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…  

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Answer Overview

Response rates from 1.4k Communist voters.

26%
Yes
74%
No
17%
Yes
57%
No
9%
Yes, as long as offshore income is reported
10%
No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes
7%
No, and neither should corporations and business organizations

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Other Popular Answers

Unique answers from Communist voters whose views went beyond the provided options.

 @9RBTBFTfrom New Brunswick  answered…4mos4MO

Yes, but there should be penalties and the income should be taxed at a higher rate than income earned from Canadian investments.

 @9QZCYDNfrom Ontario  answered…5mos5MO

Yes, but it must be a trusted offshore bank and all income must be reported in order to avoid loopholes by corporations and the wealthy

 @9K6M454from Ontario  answered…9mos9MO

Only for the lower class people, rich people depend but some should be good as long as they're not over millionaries or billionaries and as such.

 @9K58RGLfrom Yukon Territory  answered…10mos10MO

Yes, long as the income is reported and taxes are paid accordingly. Corporations and businesses should not be able to do so to evade taxes or audits of their financial dealings.

 @9FQ2ZJYfrom Yukon Territory  answered…1yr1Y

Yes, as long as it is properly reported and taxed and only when existing loopholes are effectively closed

 @9FM9QN9from British Columbia  answered…1yr1Y

Yes, only if the intention/cause is acceptable.

 @9F2VYKPfrom British Columbia  answered…1yr1Y

i don't have an opinion on this.

 @9F5KMPVfrom Alberta  answered…1yr1Y

No, scummy rich people do it to evade taxes.

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 @ISIDEWITH submitted…1wk1W

Kamala Harris is considering running for president again in 2028

Kamala Harris has been lying low since her defeat in the presidential race, unwinding with family and senior aides in Hawaii before heading back to the nation’s capital.But privately, the vice president has been instructing advisers and allies to keep her options open — whether for a possible 2028 presidential run, or even to run for governor in her home state of California in two years. As Harris has repeated in phone calls, “I am staying in the fight.”She is expected to explore those and other possible paths forward with family members over the winter holiday season, according to five people in the Harris inner circle, who were granted anonymity to discuss internal dynamics. Her deliberations follow an extraordinary four months in which Harris went from President Joe Biden’s running mate to the top of the ticket, reenergizing Democrats before ultimately crashing on election night.“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”“She doesn’t have to decide if she wants to run for something again in the next six months,” said one former Harris campaign aide. “The natural thing to do would be to set up some type of entity that would give her the opportunity to travel and give speeches and preserve her political relationships.”Harris concedes: 'We must accept the results of this election'SharePlay VideoMost immediately, Harris and her advisers are working to define how and when she will speak out against Donald Trump and reassert her own role in the Democratic Party. Closing out her term as vice president, she’s set to preside over certifying the November election she lost to Trump, and then appear at the once-and-future president’s inauguration on Jan. 20.“There will be a desire to hear her voice, and there won’t be a vacuum for long,” a person close to Harris said.At the same time, Harris and her husband, Doug Emhoff, will have a long checklist to plow through before they leave the Naval Observatory for good.They have to decide whether they’ll take up permanent residence at their home in Los Angeles, or establish a base elsewhere. No matter where Harris and her family live, some around her have expressed concerns about safety, as her Secret Service protection expires six months after stepping away.

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 @ISIDEWITH submitted…21hrs21H

Mexican Shuts Down 2 Migrant Caravans After Trump Threat

Mexican immigration authorities have broken up two small migrant caravans headed to the U.S. border, activists said Saturday.Some migrants were bused to cities in southern Mexico, and others were offered transit papers.The action comes a week after U.S. President-elect Donald Trump threatened to slap 25% tariffs on Mexican products unless the country does more to stem the flow of migrants to the U.S. border.On Wednesday, Trump wrote that Mexican President Claudia Sheinbaum had agreed to stop unauthorized migration across the border into the United States. Sheinbaum wrote on her social media accounts the same day that “migrants and caravans are taken care of before they reach the border.”Migrant rights activist Luis García Villagrán said the breaking-up of the two caravans appeared to be part of “an agreement between the president of Mexico and the president of the United States.”The first of the caravans started out from the southern Mexico city of Tapachula, near the border with Guatemala, on Nov. 5, the day Trump was elected. At its height it had about 2,500 people. In almost four weeks of walking, it had gone about 270 miles (430 kilometers) to Tehuantepec in the state of Oaxaca.In Tehuantepec, Mexican immigration officials offered the tired migrants free bus rides to other cities in southern or central Mexico.“They took some of us to Acapulco, others to Morelia, and others from our group to Oaxaca city,” said Bárbara Rodríguez, an opposition supporter who left her native Venezuela after that country's contested presidential elections earlier this year.Rodríguez said by telephone she later caught a bus on her own to Mexico City.In a statement Saturday, the National Immigration Institute said the migrants voluntary accepted bus rides “to various areas where there is medical assistance and where their migratory status will be reviewed,” and said “upon accepting (the rides), they said they no longer wanted to face the risks along their way.”

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 @ISIDEWITH submitted…1wk1W

Israeli prime minister approves Lebanon ceasefire deal

Israeli Prime Minister Benjamin Netanyahu approved the emerging ceasefire deal with Hezbollah “in principle” during a security consultation with Israeli officials Sunday night, a source familiar with the matter said.Israel still has reservations over some details of the agreement, which were expected to be transmitted to the Lebanese government on Monday, the source said.Those and other details are still being negotiated and multiple sources stressed that the agreement will not be final until all issues are resolved.A ceasefire agreement will also need to be approved by the Israeli cabinet, which has not yet occurred.Sources familiar with the negotiations said talks appear to be moving positively toward an agreement, but acknowledged that as Israel and Hezbollah continue to trade fire, one misstep could upend the talks.United States envoy Amos Hochstein said in Beirut last week that a ceasefire deal between Israel and Lebanon was “within our grasp,” but that it was ultimately “the decision of the parties.”He met Lebanese Prime Minister Najib Mikati and parliament speaker Nabih Berri, the interlocutor with Hezbollah in the talks and said there had been “constructive” and “very good discussions to narrow the gaps.”“We have a real opportunity to bring conflict to an end,” he added last week. “The window is now.” He departed Lebanon for Israel on Wednesday to try to bring the negotiations “to a close.”The US-backed proposal aims to achieve a 60-day cessation of hostilities that some hope could form the basis of a lasting ceasefire.On Sunday, CNN analyst and Axios reporter Barak Ravid cited a source as saying Hochstein had told the Israeli ambassador to Washington on Saturday that if Israel did not respond positively in the coming days to the ceasefire proposal, he would withdraw from the mediation efforts.Hochstein’s trip to the region followed Beirut responding “positively” to a US-backed proposal to stop the war, Mikati said last week, adding that large parts of the draft agreement were resolved.

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