Why Should Someone Open an Offshore Bank Account?

For Americans, definitely Canada is the simplest and most accessible option. The US government knows about all of my offshore bank accounts because every single year I file a form and I tell them exactly where all of my bank accounts are. So there's no privacy from the government. There's no tax savings. We're not engaging in tax fraud or tax evasion. That world is dead and gone. If you have an account outside of the jurisdiction that you're living in every day, that account is harder to regulate than an account that's inside the jurisdiction.