Category: Asset Protection
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How to invest it?
Even a humble savings account will net £251m in interest a year, here’s – How to invest it? HOW do you invest a windfall of more than £5 billion for a man who is already a billionaire several times over? The normal concerns of a 38-year-old man — buying a bigger home, keeping up the…
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Finding Protection Through Your 401(k)
The growing use of employer-sponsored retirement plans is prompting more African Americans to invest in stocks, according to the 2005 Ariel/Schwab Black Investors Survey. In addition, 401(k) plans are helping black investors build wealth for the future and a solid nest egg for retirement. The findings are significant because they come at a time when…
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Carlyle holds Qinetiq shares in tax haven
Investors set to make a colossal profit on their investments in Qinetiq, the former research arm of the Ministry of Defence, have registered their shareholdings in Guernsey, the offshore tax haven. According to filings by Qinetiq – which is still 56 per cent owned by the MoD – shares controlled by Carlyle, the US private…
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Comfort of offshore investment
The “invest offshore” message was loud and clear the other day, after news broke that somebody might have released foot-and-mouth disease on Waiheke Island. By the time you read this, the claim may have been proved a hoax. Here’s hoping so. If that’s the case, take warning from it. If it’s still not clear whether…
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What works?
You don’t want to go to jail. You don’t want to pay penalties. But you also don’t want to pay more tax than you have to-it’s not the American way. And your sister-in-law, your golf buddy or your business partner is touting a “your CPA probably doesn’t know this, but” way to pay less. How…
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Add up the advantages of not wasting on tax
PAYING taxes, like death, is one of life’s more unpleasant certainties. No one likes to see their hard-earned cash lining the Treasury’s coffers. But while death is unavoidable, paying too much tax is something we can laugh in the face of. Nationally, £5.66bn in wasted tax is set to wing its way into the Chancellor’s…
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Wealthy Taxpayers Feeling the Pressure from IRS
AccountingWEB.com – The Internal Revenue Service is targeting wealthy executives and entrepreneurs to ferret out would-be tax dodgers. The IRS has not focused on individual tax returns of the well-to-do for years, the Wall Street Journal reported, but is becoming more aggressive after studying the results of a 2003 pilot program covering 24 big companies,…
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The Trust Protector
Some foreign jurisdictions allow the appointment of a trust protector. As the title indicates, this person is supposed to provide general oversight of trust operations to insure its objectives are met and the law is followed. Usually the grantor has the right to name the protector, and may even assume that position himself but the…
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Do Americans Need a Second Passport?
People of means living in places where it seems civil war never ends, like the Balkans, home to the shards of the former Yugoslavia, or people facing continued political uncertainty, such as Hong Kong since the 1997 hand-over to Communist Beijing, obviously may need a safe refuge for escape. If besieged people enjoy the legal…