Category: Tax Havens
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About personal tax avoidance
By Bill Cara – All the economic powers of the world are high rate income tax jurisdictions. Without lots of your money they wouldn’t have as much power. The United States is the only major country in the world that taxes its citizens globally, wherever they reside, in or out of the USA. Unlike citizens…
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What a Trust Can Do
A trust may be created for any purpose that is not illegal or void as against public policy. A trust can hold title to and invest in real estate, cash, stocks, bonds, negotiable instruments and personal property. Trusts can provide care for minor children or the elderly; or pay medical, educational or other expenses. A…
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International Asset Protection Consultant Looks At The Nevis LLC
[box]We specialize in wealth protection, foreign asset protection trusts, international business corporations, worldwide investing, yacht registrations, and global banking.[/box] Limited liability companies (LLC) are legal structures that offer stronger protection to its owners than other forms of business ownership. Owners, called members, are only liable for their investment. No member is personally liable for debts…
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Tax Implications – US Tax Consequences
Unlike almost all other nations, the U.S. taxes all worldwide income of its citizens and of those persons with permanent U.S. resident status. Internal Revenue Code (IRC), section 61 states: “Except as otherwise provided . . .gross income means all income from whatever source derived . . .” The IRS and courts interpret this to…
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Investment Opportunities, Tax Benefits and Security for Traveling in Turbulent Times
We can no longer travel freely throughout the world without thinking of our safety. As the world grows increasingly more conflicted, it becomes important for us to protect ourselves and our families. This is not just in the U.S. People, as well as governments across the globe, are beginning to feel the effects of conflict.…
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The Multi National Corporation Example
[box]There is an apt analogy between multi-national corporations doing business around the world, and individuals who legally hold dual or multiple citizenship, using their passports for world travel and business.[/box] By registering under local laws in more than one political jurisdiction, a corporation has the right to do business in each country where they qualify.…
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Liquidity Crisis
Hurricane Ivan ripped through the Cayman Islands at 150 miles an hour. I saw it on television with Bootstrap McDoogle. “No, no, no,” he said, sticking his head into his hands. “No one likes hurricanes,” I told him, “but it’s an act of God.” He said, “My money is in an offshore bank account there…