Swiss Private Banks Refusing US Clients
This week I am attending an investment conference in Zurich called Fonds 2010. I spent the day walking through the exhibitor area speaking to Swiss private banks, investment firm managers, hedge fund managers, and most any other type of investment professional you can think of. I approached one unnamed banker and asked if his company […]
How to defer income taxes indefinetely…
I know that headline is a bold statement, but I have been researching this for quite a while and there is a way for US citizens to defer income taxes on business income. While this program is certainly not for everyone, for those of you that meet all the requirements, this can be huge. Let […]
2 ways to move assets offshore without reporting – pt 2
As I mentioned in my previous post, there are two ways. The other is holding precious metals in an offshore vault. Gold has historically been a consistent use of money and will continue to be used that way long after we are gone. Paper money no longer has any value and is only guaranteed by […]
2 ways to move assets offshore without reporting – pt 1
There are only two ways to move assets offshore for US citizens without having to report them to the IRS; real estate and precious metals. Now keep in mind that all US citizens and residents are required to report any worldwide income regardless of where you live. So if you were thinking about buying that […]
The war on offshore rages on
Last week the US House of Representatives passed a bill that contained the “Foreign Account Tax Compliance Act”. This act was passed without a hearing or without any chance for opposition to be heard. You can view the entire bill here. Below are the highlights of the bill: Impose a 30% withholding tax on payments […]
