@ISIDEWITHQuestionseconomy9yrs ago

Should citizens be allowed to save or invest their money in offshore bank accounts?

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.

Answer Overview

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

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Other Popular Answers

Unique answers from India voters whose views went beyond the provided options.

 @9FMZP8Hanswered…1yr1Y

Yes provided they have not saved there money into a high-risk country

 @95JD4WHanswered…2yrs2Y

Yes, but Remove all Loopholes and it should be reported.

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 @ISIDEWITH submitted…3wks3W

Pete Hegseth Slams Gay Troops Policy

Pete Hegseth, President-elect Donald Trump’s pick for secretary of defense, has repeatedly criticized policies allowing gay people to serve openly in the US military, calling them part of a “Marxist” agenda to prioritize social justice over combat readiness.In his 2024 book “The War on Warriors” and in subsequent media promotions this year, Hegseth described both the original “don’t ask, don’t tell” (DADT) policy and its repeal in 2011 as a “gateway” and a “camouflage” for broader cultural changes that he claims have undermined military cohesion and effectiveness.In a 2015 appearance on Fox News, Hegseth also argued these policies like repealing DADT “erode standards” in favor of political goals like social engineering.DADT was implemented under President Bill Clinton in the 1990s and allowed gay people and lesbians to serve in the military — provided they did not disclose their sexuality. Military officials were also barred from asking military members their sexual orientation. If a troop’s orientation came to light, it could lead to their discharge.The policy was repealed during the Obama administration, allowing openly gay service members.Hegseth writes in his book that he was initially ambivalent to the change but came to regret his passive stance, describing the repeal as a “breach in the wire” that opened the door for broader cultural and ideological changes in the military.On Thursday, Hegseth appeared to walk back his earlier remarks about DADT, telling CNN, “Oppose the repeal? No, I don’t,” and calling this report on his previous comments “more false reporting.”

▲  1811 replies

 @ISIDEWITH submitted…1mo1MO

Vetting Fiasco: Trump's Defense Pick Caught in Sexual Assault Allegation Storm

CNN commentator and New York Times reporter Maggie Haberman said President-elect Donald Trump’s team missed Pete Hegseth’s payoff to a sexual assault accuser when they vetted him to be secretary of defense.Hegseth is among a raft of cabinet picks facing tough confirmations, and who aren’t being subjected to the customary FBI checks, instead being vetted by private firms. Over the weekend, Hegseth’s attorney dropped the bomb that there was a confidential settlement with a woman who accused the former Fox News host of sexual assault. On Monday night’s edition of CNN’s The Source with Kaitlan Collins, Haberman revealed that her sources in Trump world did not know about the payoff, which was missed in the vetting “because it was a private settlement”HABERMAN: There’s more concern from some people around Trump than there is from Trump himself, about this whole issue. Trump has really dug in, and has told advisers that he is going to stick with Hegseth. Now, we’ll see if anything else emerges.They did do a vet, we are told. This did not show up, this issue, because it was a private settlement, according to the people, who were briefed on what took place. Trump really likes Pete Hegseth. But this did introduce the thing Trump doesn’t like, which is an element of surprise and a negative headline. And so, we will see where this goes.

▲  59 replies

 @ISIDEWITH submitted…2mos2MO

Inside the Podcast Revolution: Trump’s Unfiltered Strategy and Harris’s ‘Meltdown’ Risk

Tech billionaire Elon Musk attributed President-elect Trump’s election victory, at least in part, to the lengthy podcast interviews he did during the campaign.In an interview late Tuesday with former Fox News host Tucker Carlson, Musk said Trump’s podcast appearances showed the American public that he was a normal person.“I think it made a big difference that President Trump and soon-to-be Vice President Vance went on lengthy podcasts,” Musk said in the interview.“I think this really makes a difference because people look at, like, Joe Rogan’s podcast, which is great, and Lex Fridman’s and the All-In podcast, and, you know, to a reasonable-minded, smart person — who’s not, like, hardcore one way or the other — they just listen to someone talk for a few hours and that’s how they decide whether, you know, you’re a good person, whether they like you,” he added, according to a clip highlighted by Mediaite.Trump conducted many interviews with new media during his campaign, as well as with legacy news organizations such as Fox News.Last month, he joined Joe Rogan’s podcast for a 3-hour long interview. The celebrity host later endorsed his candidacy.His opponent, Vice President Harris, did not appear on Rogan’s podcast because, according to “The Joe Rogan Experience” host, the Harris campaign only had an hour and required him to travel to her. Rogan said he felt “strongly” that the “best way to do” an interview with the vice president would have been in his studio in Austin, Texas.Musk recalled posting on his social platform X account that “nothing would do more damage” to Harris’s campaign than going on Rogan’s podcast, “because she would run out of non-sequiturs after about 45 minutes.”“You can’t hide for three hours,” Carlson replied.Musk added, “Yeah, like, hour two and three would be a complete melted puddle of nonsense. So it would just be absolute game over. That’s why she didn’t go on.”“But on the other hand, Trump, he’s there, and there’s no, there’s no talking points,” the Tesla CEO continued. “He’s just being a normal person who’s having a conversation, and doing three hours of Rogan, no problem.”

▲  349 replies

 @ISIDEWITH submitted…24hrs24H

Trump supports immigration visas

President-elect Trump told The Post Saturday he supports immigration visas for highly skilled workers, appearing to side with Elon Musk in the roiling intra-MAGA debate on the issue.“I’ve always liked the visas, I have always been in favor of the visas. That’s why we have them,” Trump said by phone, referring to the H-1B program, which permits companies to hire foreign workers in specialty occupations. “I have many H-1B visas on my properties. I’ve been a believer in H-1B. I have used it many times. It’s a great program,” added Trump, who restricted access to foreign worker visas in his first administration and has been critical of the program in the past.Musk and other tech barons argued this week that the H-1B visa program is critical to ensuring American companies can find highly skilled labor which may not be easily available in the U.S. labor force and must be expanded.MAGA hardliners want Trump to follow through with his promise to promote US workers and impose tougher restrictions on immigration.Trump’s Saturday comments come a day after Musk vowed to go to “war” on the issue, telling one mocking opponent to go “f–k yourself.”The flare-up happened after X user Steven Mackey jabbed the billionaire’s defense of the program by using the billionaire’s own words against him.“Stop trying to optimize something that shouldn’t exist,” a line often used by Musk, Mackey wrote. “Let’s optimize H-1B,” he sarcastically added.Musk fired back: “The reason I’m in America along with so many critical people who built SpaceX, Tesla, and hundreds of other companies that made America strong is because of H1B.”

▲  1013 replies

 @ISIDEWITH submitted…2wks2W

Defense Bill Blocks Transgender Care To Minors

The Senate on Wednesday gave final approval to a defense policy bill directing $895 billion toward the Pentagon and other military activities, moving over the objections of some Democrats who opposed a provision added late in the negotiations that would deny coverage for transgender health procedures for minors.The 85-to-14 vote, coming a week after a divided House passed the same measure, cleared the bill for President Biden’s signature.Most Republicans and many Democrats supported the measure, which provides a 14.5 percent pay raise to junior enlisted service members and a 4.5 percent pay raise for all other service members. It also expands access to meal assistance, housing and child care programs that benefit those in uniform.But several Democrats withheld their backing in protest of a provision preventing TRICARE, the military’s health care plan for service members, from covering “medical interventions for the treatment of gender dysphoria that could result in sterilization” for children under 18.The language, which would affect the gender-transitioning children of service members, was recently added to the measure at the insistence of Speaker Mike Johnson, Republican of Louisiana, who refused to bring a defense bill to the House floor without it, according to aides familiar with the negotiations.Twenty-one Democrats, led by Senator Tammy Baldwin of Wisconsin, proposed an amendment to strip the provision from the bill, but the matter was never brought to a vote. Several of them took to the floor on Tuesday to lodge their objections.“It’s flat-out wrong to put this provision in this bill and take away a service member’s freedom to make that decision for their families,” Ms. Baldwin said, estimating that the provision could negatively affect as many as 6,000 to 7,000 military families.

▲  2014 replies3 agree