Global Capital. Clear Intelligence.
(CNS Business): The use of Cayman Islands funds as a Brazilian wealth management tool for high net worth Latin American families was debated last week at the STEP LatAm Conference in Brazil, where kidnapping is a constant worry for the wealthy and demand for outbound investments is fuelled by privacy and security concerns as much … Read more
The fact is that the U.S. tax code can provide tax deferral on an overseas trading businesses but not on an overseas firms dealing in capital. The Foreign Account Tax Compliance Act (FATCA) does not define the difference between trade and capital. Therefore, the big operations overseas, or the very small ones for that matter, … Read more
GRAND CAYMAN, Cayman Islands, Feb. 28, 2015 /PRNewswire/ — DMS Offshore Investment Services Ltd. (DMS), the world’s largest fund governance firm, and White Oak Global Advisors, LLC (White Oak) have announced the launch of an Alternative Investment Fund (AIF) hosted on DMS Irish platform. White Oak has engaged the DMS AIF platform, which is … Read more
LONDON, England — A Labour government would push for UK overseas territories to be put on an international blacklist if they refuse to co-operate with a drive against tax avoidance, Labour Party leader Ed Miliband has told them ahead of general elections in Britain in May. In a letter to the leaders of British Overseas … Read more
Structuring Business Ownership of Offshore Companies with FATCA and GATCA Compliance There is a misunderstanding as to what type of businesses the U.S. provides tax deferral overseas. Is it a trading company or a company dealing in capital overseas? The fact is that the U.S. provides tax deferral on overseas trading businesses but not on … Read more
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 … Read more
It is quite a human trait to live in a state of suspended disbelief – when the news is just too bad to absorb, or when the consequences of an action are too much to contemplate. Response to the Foreign Account Tax Compliance Act (FATCA), it seems, is one of suspended disbelief by some in … Read more
How to retain your account in a Foreign Financial Institution A. Overview In my last installment, I discussed the benefits of a private placement insurance contract (life insurance or annuity) issued by a life insurer domiciled in Puerto Rico – Isla del Encanto – for Americans living overseas. Aside from providing tax-advantages, the Puerto Rican … Read more
When discussing asset protection and offshore investments, the most widely known legal device for offshore planning or investment is an asset protection trust. Asset protection trusts resemble a typical trust as it legally exists in the United States only it’s located in a trust-friendly jurisdiction like the Cook Islands or the Bahamas. Certain jurisdictions (like … Read more