Category: Asset Protection
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How to Comply with FATCA
Any financial institution, regardless of its global location, that does not voluntarily comply with FATCA will find that 30% of any US-sourced payments (e.g. a corporate dividend or a maturing principal payment from a US corporate or government bond) will be withheld. Because U.S. stocks and bonds are so widely owned across the globe, virtually…
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UK Gold Investment on Increase, Caution Urged to Potential Private Investors
The Egyptians wanted to be buried in gold while others believed that King Midas could turn anything he touched into gold. These days, however, gold simply has connotations of wealth due to the precious metal’s rareness, and this is nowhere more apparent than in the UK. As a result, many potential…
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Time will tell that FATCA is a “hammer blow” for the U.S. economy
History will ultimately teach us that America’s far-reaching new global tax law, which came into effect on Tuesday, is a “hammer blow for the U.S. economy”, warns the founder and chief executive of one of the world’s largest independent financial advisory organisations. The stark warning from Nigel Green of deVere Group, which has $10bn under…
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The Foreign Account Tax Compliance Act (FATCA) DROP DEAD DATE
The whole thing to do with FATCA is starting to build a tidal wave of interest now that most people understand that 1 July is the drop dead date. [quote style=”boxed”]Would you like to guess as to what is treated as an exempt entity?[/quote] This is explicitly for pension funds as exempt beneficial owners and…
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Hong Kong TIEA is Good for U.S. Expats
This week it was announced that Hong Kong has agreed to hand over financial details of Americans working in the city, to US tax authorities under Foreign Account Tax Compliance Act, US can ask for data if certain conditions are met. The Financial Services and Treasury Bureau said the tax-information exchange agreement allowed the US…
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Offshore Tax Havens and the Great Witch Hunt
Many professionals working in the offshore financial services industry are asking the question; when will the tax inquisition end? Most of them understand that as long as there’s more than one currency in the world, and while over two thirds of the collective surplus cash supply is parked in so called tax havens, there will…
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4 Best Reasons to Invest Offshore
There is no reason for your advisor to have ever heard of a regulated asset protection structure (RAPS). US advisors do not study this area of law and consequently do not advise on foreign retirement plan law. However, an IRC 402(b) Foreign Retirement Fund (RAPS) allows your assets to be held tax deferred for which…
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Regulated, Registered, Recognized Foreign Retirement Plan
NQDC-vs-402(b) – aka RAPS An alternative to the US Tax Regulations that require NQDC plans (nonqualified deferred compensation plans) to be not formally funded ( The Total Return Swap Hedge requires 25 million annual contributions.) The Alternative to Unfunded, Unhedged, or informally funded NQDC Plans: We have a number of 402(b) Foreign Retirement Plan proposals…