there is probably well over $100 trillion in overseas...

there is probably well over $100 trillion in overseas jurisdictions, if you count the us and uk! look at all the asians and kiwis using australia as an offshore jurisdiction!

'as long as you pay tax first on your income', before you remit it overseas, it is probably ok! many of our more wealthy sport stars and celebrities maintain offshore entities! it pretty easily to be a non resident for tax purposes!