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.
Response rates from 1.4k India voters.
58% Yes |
42% No |
37% Yes |
37% No |
21% Yes, as long as offshore income is reported |
4% No, too many wealthy citizens are abusing loopholes in offshore banking laws to evade taxes |
1% No, and neither should corporations and business organizations |
Trend of support over time for each answer from 1.4k India voters.
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Trend of how important this issue is for 1.4k India voters.
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