It seems like the crackdown on offshore asset protection as well as company incorporation and bank accounts has been set aside and the current scandal involving centralized health care is taking over the agendas of the US. Since the current president is famous for making a mess out of everything that touches, it seems that most people have action taken their eyes off of the offshore industry and have placed it on the new centralized health care. It has also been proven that most of the people who are publicly against the offshore industry are actually using the offshore industry in the background. Many of the people involved with the government agencies as well as the major banks and finance companies all have some sort of offshore entity. Even the previous president, George Bush Jr., had a trust with over $2 million for his daughters.  He only mentioned this trust when he was elected for high ranking government offices. Actually many people are actually looking to offshore asset protection as a way to protect themselves from the large number of collapsing banks as well as the unstable economy that the United States is currently facing. There has actually been an upswing in the number of offshore companies which have been incorporated as well as offshore bank accounts. In many jurisdictions that have been increases of between 10% to 20% in the number of and corporations as well as an almost 50% increase in the number of bank account application since offshore banks on a daily basis. With this being said, one can see that being the result of a crackdown on offshore asset protection has been pretty much nothing more than a pure scare in order to get people to go in and confessed that they have an all strategy and pay some taxes on the money that they hold offshore. Some people did actually claim their offshore entities and funds and pay some taxes on them but they will now be under the microscope and will not be able to make any moves all sure again for the rest of their lives. What they also don’t know is is that they are also on a very secretive list which will be used in order to associate them with other individuals as well as companies that may be considered offshore as well. This could place into jeopardy the well-being of their family as well as the financial well-being of their business and business relationships. So when considering offshore asset protection there should be no room for fear that your structure will be part of a crackdown initiated by the US government.