“But when you factor in postage and bank fees, the tax savings may not do much more than buy you two six-packs instead of one.”
Pfft, the ten G’s in my savings account haven’t earned enough interest to buy a candy bar, let alone cost me a six-pack’s worth of tax liability. Cuban banks are said to pay 3% interest, but do any of these other off-shore banks pay better than the zero-point-zero-something we get here?
And, as for the question of money-laundering, I’ve always wondered how that works. How does, say, a cartel boss get his dough over there? Put pallets of greenbacks on a boat or plane, and then wheel 'em into the lobby? Do they take any money, no questions asked?