Advertisement

Sending Money On An Overseas Round Trip To Avoid Taxes

03:43
Download Audio
Resume
Round-tripping occurs when American citizens open bank accounts in tax havens such as the Cayman Islands,  funnel money into the accounts and then use it to buy stocks and bonds back in the U.S. (AP)
Round-tripping occurs when American citizens open bank accounts in tax havens such as the Cayman Islands, funnel money into the accounts and then use it to buy stocks and bonds back in the U.S. (AP)

Related:

Advertisement

More from WBUR

Listen Live
Close