Tag: tax haven
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How to Move Money Offshore
We are going to discuss the movement of funds from your own country or another country to an offshore bank presumably in an offshore tax haven. We are not going to discuss any illegal scenarios. Why do People Move Money and Assets Offshore – Many of you will first think taxes? Well you are wrong.…
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St. Kitts-Nevis Asset Protection
The “sovereign democratic federal state” of St. Christopher-Nevis (as its 1983 constitution ceremoniously describes it), has a governmental form and name almost bigger than its population (45,000), and total land area (267 sq. km.). But this tiny West Indies island nation, known to the natives as “St. Kitts-Nevis,” has become very big in certain exclusive…
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DeltaQuest Group Launches MyBankingLicense.com
Limassol, Cyprus, 03/21/2011 – DeltaQuest Group has launched another of their online specialized service portals: MyBankingLicense, which is specifically designed to assist clients in obtaining offshore banking licenses in over 15 jurisdictions worldwide. MyBankingLicense.com offers clients from across the globe assistance in acquiring both onshore and offshore banking licenses. The DeltaQuest Group consultants have expert…
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Luxembourg To Introduce New Investment Vehicle
The Luxembourg Parliament has adopted a law on Specialized Investment Funds (SIF), which offers a number of new features, including a broader definition of “eligible investors” to include both professional and private “well-informed” investors. The new law replaces the law of 19 July, 1991 which concerned collective investment schemes reserved for institutional investors. According to…
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Global Investors Pour Money Into Ireland
Ireland has become the jurisdiction of choice for high value investments in hi-tech manufacturing plants, research and development projects and financial services according to the Irish government’s Industrial Development Agency (IDA Ireland) as it marked an “outstanding” year for growth and new investments in 2006. “Ireland is now seeking and winning high value investments, that…
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Invest Offshore to Avoid Tax
QUESTION: I have just left my company and I have $175,000 in my savings and investment account.Is there any way to transfer that money in an offshore account to grow for the next 15 years, to avoid my heavy tax burden when that money is drawn out? I am new to this, and with my…
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Offshore Havens ‘Declare War’ on Honest Taxpayers
By Paul Lashmar The US Senate has accused the Isle of Man, the Cayman Islands and other offshore havens of facilitating tax evasion that costs other countries billions of pounds every year. The accusations are made in a report by Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations. He said: “I believe the…
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EU Orders Luxembourg to Repeal Tax Breaks
The European Commission has ordered Luxembourg to repeal its preferential tax regime for financial holdings by the end of the year. The commission said the scheme gives unjustified tax advantages to providers of certain financial services with holding companies in Luxembourg. Stable and high-income market economy features moderate growth, low inflation, and a high level…
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Tax-Haven Changes Proposed
”This is not a small correction to the existing Tax-Haven regulations,” says one international tax lawyer. Federal regulators are proposing new rules aimed at curbing efforts by multinational businesses to shift income to low-tax jurisdictions overseas, according to reports. The proposal focuses on how high-tech, pharmaceutical, and other companies value intangible assets such as research…