Category: Expatriate
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IFC International Newslinks
UBS Client Pleads Guilty to Tax Fraud A wealthy client of the Swiss bank UBS pleaded guilty on Monday to tax fraud, the ninth American caught up in an investigation of the bank’s offshore private banking services, The New York Times’s Lynnley Browning reports. The bank client, Harry Abrahamsen, of Oradell, N.J., pleaded guilty in…
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Swiss Private Bank Account
A Swiss private bank account and Swiss private banking are recognized as the ultimate banking resource for high net worth individuals, used by the rich and famous, sports stars and big corporations. Despite recent attacks on offshore banking in Switzerland, Swiss private bankers still maintain the decades-old reputation for confidentiality and security. The Swiss cities…
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China Investment Confidence
Confidence in China investment has reached new heights, but before the country can fully benefit from substantial additional investments, it needs to make further progress in introducing global standards of governance in legal systems, particularly in contract enforcement and taxation law, a survey of multinational businesses carried out by KPMG International has found. According to…
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China Economic Boom
Together with the Beijing 2008 Olympic Games, everyone is talking about the huge opportunities opening up in China. As the Chinese government is liberalizing the economy, industries such as tourism, manufacturing and service are investing their revenue especially for the upcoming Olympic Games. China expects a huge pre-Olympic investment boom and feels very optimistic towards…
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Offshore Banking
Offshore banking has often been associated with the underground economy and organized crime, via tax evasion and money laundering; however, legally, offshore banking does not prevent assets from being subject to personal income tax on interest. Except for certain persons who meet fairly complex requirements, the personal income tax of most countries makes no distinction…
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Providential Holdings Private Equity Fund
Company to Raise and Manage $100M to Invest in Vietnamese Companies LOS ANGELES, CA and HANOI, VIETNAM — (MARKET WIRE) — March 21, 2007 — Providential Holdings, Inc. (OTCBB: PRVH) (German Stock Exchanges: PR7, WKN 935160), a company investing in the rapidly growing economies in Vietnam and Asia, announced today its board of directors gave…
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Invest in Estonia
Estonia: The best growth story that hasn’t been told Estonia last week re-elected Andrus Ansip as Prime Minister in one of the most overlooked elections of the past twenty years. The importance of this vote has been critically understated by the mainstream media. In the 16 years since the breakup of the Soviet Union, no…
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Panama’s Not Cheap Anymore
In the late 90s, I first began hearing about Panama while living in Costa Rica. There was a groundswell movement of expats who felt that the cost of living in Costa Rica was too high and sought greener pastures, quite literally. They found their lower cost lifestyle a few hundred miles south in Panama’s highlands.…
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Five Ways to Invest in China
Tony Sagami, Asian stock whiz, advises investors of ways to invest in China. While the U.S. is supposed to expand 1 percent or 2 percent, the People’s Bank of China issued its new 2007 forecast last week, saying it expects the country’s GDP to expand 9.8 percent for the year. In this issue of Money…