Quote:
Originally Posted by WiredGuy
I think a lot of people used these offshore cards and banks with the purpose of tax evasion, hence why they kept large balances in there. Personally, I will never use anything that is not FDIC/CDIC insured.
WG
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Quote:
Originally Posted by Shap
IMO either laziness or stupidity
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I think it's for exactly what WiredGuy said. They are avoiding taxes by keeping it in there.
I wouldn't keep $250k in ePass for any reason except that, especially in another country. It's not hard to go to the ATM and withdrawl the cash in your local currency and just deposit that into the bank.