Holding cash outside of the United States.

Name: Holding cash outside of the United States.
Brand: Quizplus
Rating: 4.9 (48 reviews)

Question

Quizplus · Accepted Answer

Holding cash outside of the United States for tax motives, such as avoiding U.S. taxes or taking advantage of lower tax rates in other countries, is illegal and can result in severe penalties. Therefore, it is not a recommended choice. Holding cash for precautionary, speculative, or safety motives may be options, depending on individual circumstances and risk tolerance.

Holding Cash Outside of the United States