What is offshore banking?
What is offshore banking?
- August 14, 2023
- Bill Maurer, anthropology and law, U.S. News & World Report, Aug. 14, 2023
Offshore banking can appeal to businesses and individuals seeking financial privacy, asset protection and tax efficiency. "There are various benefits, mostly protections associated with privacy and guaranteeing anonymity, that incorporating offshore will bring," says Bill Maurer, professor of anthropology and law [and dean of social sciences] at the University of California, Irvine. … If you're considering offshore banking, Maurer recommends talking to a wealth manager or an estate planner first to determine your goals.
For the full story, please visit https://www.usnews.com/banking/articles/what-is-offshore-banking.
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Share on:
Related News Items
- Best high-yield checking accounts - November 2024
- Orange County United Way receives $2.5M grant from U.S. Department of Veterans Affairs to support veteran employment programs
- On the move: Orange County United Way welcomes new chair for its United for Financial Security Leadership Council
- Reflecting on the assets and needs of Orange County's Asian American & Native Hawaiian and Pacific Islander communities
- A cap on credit card fees would hurt department stores most
connect with us