| Offshore credit cards provide services for a very | | | | Enforcement |
| limited number of people including those who have | | | | Some law enforcement officials are very suspicious of |
| accounts that are located outside of the United States. | | | | those who use offshore credit cards because of the |
| These people keep their money in other places | | | | possibility that the owners are trying to hide some of |
| because of the nature of their business which is | | | | their income from those that collect taxes. The |
| usually done in many different places. Some of the | | | | offshore credit cards could be offered by legitimate |
| reasons that people would have offshore credit cards | | | | companies to include those that are used by many |
| include taxes and several international activities. There | | | | people for legitimate reasons. These law enforcement |
| are some countries that serve as tax havens for | | | | agencies have taken many measures through the |
| people who want to shield some of their income from | | | | courts to investigate the use of these types of credit |
| taxes that should be paid by citizens of the United | | | | cards. These investigations have looked at cards that |
| States. | | | | are issued in over thirty different countries. |
| Offshore credit cards are not illegal, but most people in | | | | The investigations have continued into the use of |
| the United States would have no reason to have an | | | | these cards by various individuals, but the investigations |
| offshore credit card. People who have offshore credit | | | | have been difficult because of the complexities and |
| cards are often suspected of trying to shield some of | | | | distances of different countries. The offshore credit |
| their income from legitimate taxes. Federal agencies | | | | cards continue to be problems for some of the law |
| might be suspicious that anyone using an offshore | | | | enforcement agencies concerned with banking. Some |
| credit card is trying to evade federal taxes on income. | | | | legislation has been proposed and introduced to control |
| There are several countries with banks that offer | | | | the use of these types of credit cards so any illegal |
| offshore credit cards. These countries include the | | | | use of credit cards can be governed. Rules and |
| Bahamas, Antigua and the Cayman Islands. These | | | | regulations will probably continue to govern the use of |
| countries are often known as great vacation places, | | | | these credit cards into the near future. The offshore |
| but they are also famous for their banks and financial | | | | cards have many of the same advantages and uses |
| institutions. | | | | that ordinary credit cards have for ordinary citizens. |
| Offshore Credit Cards Bring Suspicion From Law | | | | |