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LinkedInThe Foreign Account Tax Compliance Act, or FATCA, will require all foreign financial institutions or FFI’s to enter into information disclosure agreements with the IRS. A FFI is any non-U.S. entity that accepts monetary deposits, holds financial assets for the accounts of others, or participates in the business of investing or trading securities, commodities, partnerships, [...]
LLC Secrets to Keep Your Assets Safe
August 30, 2010 By Leave a Comment
While we have found there are two main threats to your wealth; litigation and government intervention, the focus for today will be primarily on litigation. In 2008, there were nearly 1.2M practicing attorneys in the US alone and nearly 400K students in law school. Costs of litigation consumed 2.3% of the US GDP, or approximately [...]
Russia to Diversify out of US Dollars
June 23, 2010 By Leave a Comment
According to a recent Bloomberg article, Russia is adding Australian and Canadian dollars to its international reserves. The Russian central bank deputy chairman, Alexei Ulyukayev along with Dmitry Medvedev have recently suggested that the world needs a new reserve currency and the US dollar no longer should be used. Central banks around the world have [...]
Small Business Tax Hikes – Asset Protection
June 21, 2010 By 4 Comments
In a recent article from Bloomberg on June12th, Senator Snowe, a Republican from Maine, called the new jobs bill a ‘poison pill’ for small business growth and investment. Snowe is talking about HR 4213, so aptly named the “American Jobs and Closing Tax Loopholes Act of 2010″. Ironically, the loophole that looks to get closed [...]
Obama’s Offshore Vendetta
May 24, 2010 By 6 Comments
A few weeks ago I attended the Fonds Fair in Zurich. I was there primarily to listen to a few key presentations including Jim Rogers speaking on the future of the commodities markets. While at the conference, I also attended a presentation given by the CIO of Blackrock discussing the energy market. It was quite enlightening and [...]
Tax Free Tshirt Company in Nevis
May 5, 2010 By 25 Comments
As I mentioned previously in my blog, I have discovered a way for some of you to defer taxation on your business income. This, of course, requires an offshore asset protection strategy. There are many details involved and lots of restrictions, but I am going to use a theoretical example to illustrate. Joe runs a [...]
Norwegian Capitalists
April 28, 2010 By 9 Comments
A few weeks ago I was in Oslo, Norway and spent some time with some local friends. These guys are not your typical Norwegian socialists (sorry if that offends anyone). They are very much of the free market mindset. These are entrepreneurs and investors. This was my first trip to Norway and I was in [...]
A Flawed Tax System
April 20, 2010 By 16 Comments
Unreportable Real Estate and Precious Metals
April 14, 2010 By 17 Comments
Asset Protection for the Free Market Capitalist
April 7, 2010 By 19 Comments
Today I want to share with you my philosophical beliefs on capitalism and a free market in order to help you understand why asset protection planning is so important. Historically, capitalism has proven itself to be the only system that works efficiently, but it now seems the governments of the world are increasingly trying to [...]
