By planning ahead, foreign real estate investors can still minimize or eliminate some U.S. tax consequences of their investment by using offshore corporations.

There is probably two to three times that amount sitting offshore.

The only life insurance I would view as a good investment is offshore private placement life insurance (PPLI).The cost of insurance in a regular whole life destroys the policy value over time, plus your investment options are not very good.You are limited to what the insurance company sells, which rarely can even match the overall market.PPLI's give you huge amounts of freedom allowing you to invest in anything (except for US real estate, unfortunately).You can even buy your own company shares, offshore real estate, equities, bonds, or even cattle if you wish.No capital gains tax, no income tax, and no estate tax if properly structured.

So Google avoided those taxes by using offshore accounts?

The people that offshore drilling benefits are the companies doing the drilling.

It takes a while to come up with something when only one month earlier you're on record promoting the expansion of off shore drilling.

Give me the 1.2 million and take it offshore to Panama or Brazil.

Mike, certain things are easier to offshore and certain things are harder.

There was a time when U.S. companies offshored tech work to India because of the lower wages.

Dredged off shore, built an island by loading dirt into the water.