Income Tax Havens

Proxify

sgbate01 — Sat, 04 Feb 2012 20:43:00 +0000

Protect yourself by protecting you IP address and your identity!

IRS Voluntary Disclosure Program for Foreign Accounts

admin — Mon, 06 Dec 2010 20:18:37 +0000

The IRS was very successful in their last voluntary disclosure program, with more than 15,000 people coming forward to avoid criminal prosecution.

Fed Printing May Create ‘Final Crisis’: Marc Faber

sgbate01 — Tue, 03 Aug 2010 14:43:55 +0000

The Federal Reserve will create a “final crisis” by continuing to print money because it is underestimating the strength of the economy, Marc Faber, the author of “The Gloom, Boom and Doom Report,” told CNBC Tuesday.

New Tax Reporting Rules Will Significantly Impact Offshore Funds

admin — Tue, 29 Jun 2010 15:38:32 +0000

New Tax Reporting Rules Will Significantly Impact Offshore Funds

Edward H. Dougherty, Deloitte Tax LLP — On March 18, 2010, new information reporting rules were adopted which will significantly increase the compliance burden for managers of non-U.S. hedge and private equity funds. Indeed, in many cases these funds have not been subject to U.S. tax reporting by virtue of their offshore domicile. While the new rules were adopted as part of the Hiring Incentives to Restore Employment [“HIRE”] Act, the specific provisions have come to be known as the foreign account tax compliance or “FATCA” rules.

US Insurers Defend Neal Bill

admin — Tue, 29 Jun 2010 15:36:41 +0000

Responding to an attack by offshore insurers on the proposed bill in the House of Representatives which would close an alleged loophole that enables them to avoid US taxes, the Coalition for a Domestic Insurance Industry (CDII), which represents US-based insurance groups, has released its own defence of the legislation.

The bill, introduced last year by Richard E. Neal, Chairman of the Subcommittee on Select Revenue Measures, is aimed at ending what he called “the use of excessive affiliate reinsurance by foreign insurance groups to strip their US income into tax havens, avoid tax, and gain a competitive advantage over American companies.”

Gold-Coin Haven Demand Saps Supply, Raises Premiums

admin — Thu, 10 Jun 2010 17:39:15 +0000

By Nicholas Larkin

June 9 (Bloomberg) — Demand for gold coins is tightening supplies and boosting premiums as mounting concern over Europe’s debt crisis and a proposed increase in U.K. capital-gains tax spur purchases, according to GoldCore Ltd.

Wholesale premiums on British sovereigns, added to the price of immediate-delivery bullion, have jumped to about 7 percent from as little as 2.5 percent in early May, the broker and dealer said. For the more popular Krugerrands, they have risen between 1 percent and 1.5 percent in the past month. May bullion sales almost tripled from a year earlier, GoldCore said.

Analysis: London funds yet to be seduced by Swiss appeal

admin — Thu, 10 Jun 2010 17:32:39 +0000

(Reuters) – Swiss efforts to tempt financial professionals away from the UK with the promise of lower taxes are being frustrated by regulatory question marks and high living costs.

With its tax haven status gone and its prized banking secrecy under fire, Switzerland needs new tricks to maintain its pre-eminence as a wealth management powerhouse and major financial center, some financial professionals say.

Tax Competition @ Fort Liberty

admin — Tue, 08 Jun 2010 13:32:40 +0000

A tax haven is any territory or country where there are low taxes or no taxes at all. For some people and many companies, they find that it is more economic and makes more sense to relocate to this area because they can save a considerable amount of money on their taxes. What this creates, in essence, is tax competition or governmental competition. Governments begin to have to compete for the tax revenue of different people and companies. When this happens, the average person typically makes out the best.

http://www.fortliberty.org/tax-havens.html

Gold flies to record, investors seek safety

admin — Wed, 12 May 2010 14:09:23 +0000

Gold surged to a record high on Wednesday as investors piled in, seeking safety from turmoil in government bond markets and the risks of Greece’s debt crisis spreading to other countries.

Switzerland – the Legend of William Tell

admin — Mon, 22 Mar 2010 01:55:27 +0000

I was on Marc Faber’s website this afternoon and I discovered the link to this PDF which outlines some of the early history of Switzerland and the Legend of William Tell.

http://www.gloomboomdoom.com/lifestyle/download/WilliamTell_TaxRebel.pdf