Category: Offshore Company
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Offshore Self Directed IRA
Set-up a Foreign Account for Your U.S. IRA without Unrelated Business Income Tax (UBIT) or (UBTI) distribution tax problems If you search around on the web, you will find that there are many companies offering Self-Directed IRAs. You will find little actionable information on government regulated, registered and recognized foreign pension funds, investment accounts or…
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How the 2015 changes will affect online merchants
The 2015 VAT changes produce a number of challenges for merchants selling digital services. The changes herald a fresh start for the EU in terms of how they tax the digital economy but for merchants it is another layer of compliance that they need to meet. Here are some of the issues that merchants must…
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Held Captive! The Closely Held Insurance Company
Captive Insurance – An Integrated Tax and Risk Management Solution [typography font=”Open Sans” size=”11″ size_format=”px”]by Gerald Nowotny[/typography] Captive or closely held insurance companies have been around a long time, at least fifty or more years. For most of their existence, captive insurance companies lived in relative anonymity and were mostly in the domain of public…
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Explanatory notes offer clues to merchants on EU VAT compliance
THE EU’s Explanatory Notes on the new VAT Directive for 2015 provide all the information that merchants need to ensure their EU VAT compliance. Compliance essentially boils to – as per the Explanatory Notes – “the relevant taxable persons would need to be able to process personal data of their customers in order to prove…
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Deadline approaching to comply with new VAT on eServices
THE new EU VAT on eServices comes into effect on January 1, 2015, and will – potentially – result in a host of administrative burdens for eMerchants. There are numerous issues ahead for businesses that have B2C sales of digital services in the EU. The new VAT rules only affect sales from a business to…
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The FATCA Dirty Dozen
Legal challenges that US persons have to deal with, living overseas. The following legal challenges are extremely problematic for USA persons: No foreign bank will open an account for a US person or US person beneficiary.(Other than a bank of the overseas employer for their income overseas) No offshore brokerage will open an account for…
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Offshore Company Formation Primer
‘One size fits all’ does not apply to offshore company formation. The choice will often depend on what your aims are, be it tax reduction, asset protection or wealth management on a larger scale. Here we take a look at the different offshore companies on offer and why they are used. Offshore Corporations, which are…