Much of the world considers the United States to be a tax haven. Many individuals in foreign countries are concerned about government moves to impose taxes or seize assets and they view the U.S. as good place to invest because of its respect for property rights.
“It's really hit or miss with many countries, especially in South America,” Offshore Tax Compliance Partner Kevin Packman said. "They have the Crazy of the Month down there. We used to joke [the late president of Venezuela, Hugo] Chavez was good for business because of the number of people from there who were coming here with their money. Issues in Mexico are pushing people over here, too."
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