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offshore banking


Question Posted Thursday March 13 2014, 6:29 pm

How is offshore banking different than regular banking and why do they always talk about it in movies and stuff? Can you get a loan from an offshore bank if your own bank won't give you any money?

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NinjaNeer answered Thursday March 13 2014, 10:22 pm:
Offshore banking is used by the wealthy to avoid paying taxes. It's not something used by the average person.

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