What is the best tax plan to encourage $11 trillion in off shore accounts to come home to the U.S.?

Question

What is the best tax plan to encourage $11 trillion in off shore accounts to come home to the U.S.?

Answer 1

Don't allow those companies who have that 11 trillion in off-shore accounts to donate to our elected officials, and get someone in office who will close those loopholes.

Answer 2

Eliminate taxes on saving and capital gains taxes. Stop allowing congress to inflate the money supply so badly that devalues the worth of money in American banks.

Just for starters.

Answer 3

lower taxes to amount where it will cost more money to hide it from the IRS than to pay the taxes. If its cheaper to pay taxes than to hide your money what would you do?

Answer 4

The rich don't pay taxes. Only the little people pay taxes ..."(leona helmsley)

Answer 5

From Wikipedia:

    "Offshore banking has often been associated with the underground economy and organized crime, via tax evasion and money laundering; however, legally, offshore banking does not prevent assets from being subject to personal income tax on interest. Except for certain persons who meet fairly complex requirements[1], the personal income tax of many countries[2] makes no distinction between interest earned in local banks and those earned abroad. Persons subject to US income tax, for example, are required to declare on penalty of perjury, any offshore bank accounts—which may or may not be numbered bank accounts—they may have."

This would seem to indicate that the IRS doing its job would be a way to keep the tax evasion plans from working... no one wants to root for the IRS though....

Answer 6

A fair, flat tax rate applied across the board is the best tax plan ever devised.  I just wish our Congress had the guts to enact it.

Answer 7

Reduce US corporate tax to well below being one of the very highest in the world - simple solution, just evades politicians.