Our government designed a system long ago that requires each individual and entity of the country to pay its fair share of taxes. These taxes are vital to the ability of the nation to function and grow. Without them, our government would not be able to protect our lands, maintain and improve public systems and make other opportunities available to its citizen. In order to collect the proper amount of taxes, the Internal Revenue Code (IRC) was created to dictate how to calculate a taxpayer's income. The Internal Revenue Service (IRS) is in charge of applying the IRC to make sure that every nickel is collected. In an effort to reduce the amount of money a taxpayer has to pay to the[..]

Many years ago I watched a television news interviewer allow Flight Lieutenant Jerry Rawlings, the de-facto dictator of Ghana at that time, to rant about the absolute rape of his tiny, poverty stricken west African nation, by multi-national companies like Nestle. Ghana's major export product was the cocoa bean. Nestle, Hershey and other major chocolate purveyors were Ghana's major customers for the cocoa bean. Rawling's gripe: commodity prices were unfair to Ghanian growers based on the high retail prices enjoyed by the manufacturers as reflected in their finished products. A bit of perspective is important as regards cocoa beans, and, indeed, all commodities. The cocoa bean, as grown[..]

With the current change in climate and sea level increase, it can be said that global warming is the next global warning. There has been lot of changes in the global climate because of global warming. Global warming did not occur overnight. It has happened over a period of time. Slowly and gradually with rise in power plants and other industries in world, more and more pollutants were released not just in air but in water too. With these pollutants out, a lot of reactions were and are taking place in our environment. Global warming is the result of greenhouse effect. What is greenhouse effect? Well, it is heating up of the surface of any planet due to presence of gases in the atmosphere.[..]

In first go, anybody and everybody will think that Twitter is just another place on internet for blogging. Believe me, that’s what I thought at first. However, more I got to read about Twitter and use it; I understood that people who say that their business got a boost because of Twitter were true. It started few years ago when Blog Writing became a huge success with only teenagers. Now the picture has changed. There are a lot of professionals on the website content writing their way to glory. Twitter is widely used now by professionals to advertise their work and to get contacts in order to increase their online business. Twitter is a huge success in present and no one can deny it.[..]

Delaware Corporations

Posted by admin
offshore tax shelter

For over a Century, Delaware has been the location of choice for more than fifty percent of the U.S. Corporations. The reason for the continuation of this trend relates to the Delaware Corporation Law which is one of the most advanced and flexible corporation statutes in the nation. In addition, Delaware courts have established legal precedence as a maker of corporation law, and with the legislature taking a serious role in keeping the corporation statute and other business laws current, Delaware has established a strong partnership between business and government. Delaware has separate court system the Court of Chancery to adjudicate corporate litigation plus a fully established corpus[..]

The idea of offshore car registration for tax-free cars has always been popular, but more so in recent times. For many years, residents of European Countries had the right to register their vehicle in other surrounding countries tax-free. Why would they want to do this? Usually, it's because the vehicle they want to import is unable to comply with local vehicle requirements for registration. Usually, the vehicle they are importing is safe and in working conditions, with only the minimal amount of engine emissions. However, the regulations on emissions in some countries are very strict and may require more expensive compliance testing. In addition, there may be other fees required,[..]

Life Insurance Trust

Posted by admin

A Life Insurance Trust is simply a document that acts like a very private and secure box into which you place your life insurance policy. Did you know that upon your death the life insurance proceeds will be included in your Estate? The advantages of setting up a Life Insurance Trust are: 1.       Reduces your estate tax 2.       Controls the pay out to beneficiaries 3.       Use an independent trustee 4.       Provides for spouse and children 5.       Private document and it is not a public record instrument 6.       Upon your death, no lengthy and expensive probate 7.       Can designate all beneficiaries and determine distribution[..]

International-ireland

Posted by admin

Ireland is located to the west of Britain, separated by the Irish Sea.  The capital and commercial center is Dublin.  The official language is English and the official currency is the Irish pound.  The legal system is similar to that of Britain, common law.  Ireland is divided into the Republic of Ireland and Northern Ireland.  The Republic of Ireland is an independent territory.  Northern Ireland remains under British rule.  The Government of the Republic of Ireland is a parliamentary democracy. In the past, the Republic of Ireland has traditionally enjoyed a stable political environment despite the constant upheaval with Britain regarding Northern Ireland.  It became a member[..]

offshore tax planning

This is a letter in response to a reader regarding offshore limited liability companies (aka Foreign Limited Liability Company or FLLC) in asset protection planning and specifically addresses issues surrounding the Nevis LLC. Re: Using Offshore Limited Liability Companies for asset protection planning, specifically addressing – "fraudulent conveyance." Dear Rick (not their real name), You have asked me about the importance of using Foreign Limited Liability Companies (FLLCs) in certain circumstances where one of the members may be under attack by a creditor and the possible "fraudulent conveyance rules" bearing on the transfer of underlying assets. It's really a justice system run[..]

Offers in Compromise

Posted by admin
offshore tax planning

The IRS Offer in Compromise Program authorizes the IRS to compromise outstanding tax obligations with taxpayers with financial hardship for less than the full tax due. What this means is that the IRS negotiates a deal with you to pay what you can afford and forgives any remaining balance. Historically, the IRS discouraged Offer in Compromises. In 1192, the IRS adopted new policies and procedures to promote taxpayer use of Offer in Compromises and to streamline the handling of cases. However, IRS agents are now more lenient and willing to accept Offer in Compromises than in the past. Individuals, married couples, and business entities, such as corporations and partnerships may file an[..]

Organizations seeking recognition of exemption from federal income tax includes a church or a convention or association of educational, or organization operated for the benefit of certain state and municipal colleges and universities or a hospital or medical research organization. Recent legislation contains a number of significant provisions affecting tax-exempt charitable organizations described in section 501(c)(3) of the Internal Revenue Code. These provisions include: 1.       New substantiation requirements 2.       Public disclosure requirements imposed on the organizations that fail to comply In general, the new tax law provides that charitable organizations that[..]

Austria has a long-standing gold tradition and still mints a variety of coins that are legal tender in Austria at face value; among the most popular is the .9999 Vienna Philharmonic coin, which is minted in 1 ounce, ½ ounce, ¼ ounce, and 1/10 ounce denominations. These are available at any bank in Austria and are generally available at a fairly low premium even though demand has recently skyrocketed; sales were up 544% in the first two months of 2009.Buying the coins is a simple process that requires no documentation or identification, and once the purchase is complete, Vienna has a variety of secure storage facilities; one of the oldest and most advanced is Das Safe, well[..]

Offshore Mastercard Debit Cards

Posted by admin
5 stars of 5, 208 votes

Cards are issued through a Bank in a Tax Haven country with Bank Secrecy. MasterCards must have a persons name on it. Corporate cards have the corporate name and the persons name on the card. There is no way to get a MasterCard or Visa physical card, without a persons name on it. This is to prevent fraud so the merchant can check ID of purchaser. Virtual Cards good on the Internet only (there is no plastic card just a set of numbers) are issued with no name but they do not work in person or in ATM machines and we do not carry them. Good around the World for ATM withdrals on Cirrus, Maestro Network. Access over 900,000 ATM machines around the world 24/7 Purchase Products or Services[..]

Attorney Reveals Legal Strategies for Protecting Assets

Posted by admin
5 stars of 5, 144 votes

What exactly is Asset Protection and how do you determine if someone can benefit from it? Asset Protection is really a multidisciplinary approach to strategic planning methods including: Lawsuit Protection, Estate Planning, Privacy Protection, Tax Reduction and Financial Strategies which maximize investment returns while minimizing risk through diversification and asset allocation. Combining all strategies under one roof, so to speak, really helps clients achieve their objectives without consulting several specialists. When clients visit an attorney for a legal opinion or, CPA for a tax opinion and a Financial Advisor for a financial opinion, they sometimes get conflicting information[..]

The Isle of Man is located in the Irish Sea between Britain, Scotland and Ireland.  The official language is English and the official currency is the pound Sterling.  It is a democratic self-governing territory within the British Commonwealth.  Although this island has never formally been a part of Britain, today Britain is responsible for the island’s defense and its international relations. The political, governmental and economic systems are stable and it has a free trade zone.  The Isle of Man enjoys a reputation as a respected, well-established and sophisticated offshore financial center.  The banking system is well-developed.  Confidentiality is very important regarding[..]

Creditor and liability problems can arise from a variety of sources, including divorce. Asset protection in divorce generally involves actions taken by spouses who want to protect their financial futures and avoid an unjust property division award. Marital property consists of all income and assets acquired by either spouse during the marriage, even if an asset is in one spouse's name. This marital property is subject to division between divorcing spouses. Distinct property, such as property owned prior to the marriage, your inheritance, and gifts are excluded from marital property; these types of property remain non-marital property and are not divided at the time of divorce. Individual[..]

Understanding Asset Protection Trust

Posted by admin
5 stars of 5, 76 votes

In order to understand fully this concept everyone should clear up the term trust. First, the grantor is the person who shows the interest in protecting his assets. The trustee is the other part who is obliged to protect the assets. The trust is basically the contract between these two parts. Asset protection trust refers to a certain transfer of assets from the grantor to a specialize institution which will eventually protect the assets obliged by the Trust Contract. There are two types of asset protection trust. The first one to be explained is the grantor type. What does this mean? It is all about the tax code. In this case the grantor maintains authority on his assets. This agreement[..]

At only 100 sq. miles, Lichtenstein is a small land-locked country located in Western Europe. It is bordered by Austria to the east and Switzerland on the west, with its capital located in the city of Vaduz. With a population of just over 35,000 people, Lichtenstein is the smallest German Speaking country in the world. Were financial matters are concerned, English is also spoken for the convenience of the worlds financial investors. Lichtenstein's reputation as a tax haven started at about the same time tax havens were first introduced to the financial community. It should not be surprising to learn that the country's free-enterprise economy finds its basis in many profitable[..]

There are many ways in protecting your wealth and all the things you value. One very useful way in protecting all that you have would be Asset Protection. The goals of Asset Protection is 1) Use of one or more entities to protect businesses and personal assets from creditors, judgments and seizures 2) Minimize federal and state taxes 3) Confidential ownership of business and personal assets. So how do we do all this? A few tools that we use in protecting our assets are through Limited Partnership, Limited Liability Companies, and/or Corporations.                 Starting with Limited Partnerships, this tool is comprised of one General Partner and one or more Limited[..]

Asset protection is something that everyone should have if he or she owns a home or any other property that could be loss in a lawsuit or even loss due to a fire, theft or a natural disaster. There are agencies that offer strategy, planning and consulting services for anyone who owns any assets. You might not know that protecting your assets from doctors and nursing homes. With the way health care is today, you could easily lose your assets to pay for medical costs as well as nursing home costs. It used to be that homeowners would sell their homes to a child or another relative they trust so that they could keep living there without risk of losing it when the bills piled up. Now, you can[..]

It would not surprise many to learn that nine out of ten lawsuits in the world are filed in the United States. This is probably because many of us have been directly or directly been involved in lawsuits. A fresh lawsuit is filed every thirty seconds in this country. This has brought home the need for asset protection planning, as we need to protect our assets from frivolous lawsuits. Asset management specialists help people protect their assets. These are people with prior experience in this field, who can help one protect his or her assets by drawing out a plan based on their strategy. They study creditors, lawsuits, court judgments, and investment opportunities among other things, to[..]

Asset Protection Trust

Posted by admin

What's an asset protection trust? What's a Trust? A "TRUST" is nothing more than a "CONTRACT" between the person who wishes to protect his assets (the Grantor) the person who will manage the assets (the Trustee) for the benefit of all Beneficiaries which may include the Grantor, his spouse, children and grandchildren. The Trust Contract requires the transfer of assets from the original owner (Grantor) to a legal entity for the purpose for which the Trust Contract was created. What type of trust, Grantor, or Non Grantor? What's the distinction? A Grantor Trust take a special place within the tax code. A "Grantor-Type Trust" for tax purposes is treated as a disregarded legal entity. The[..]

offshore tax planning

Once you have requested a quick quote the company will then get in touch with the under writers who will then discuss with you how to progress and take your application forward. Just think once you have done this you will be able to buy your dream car. Thorough research is always the key when making a financial decision, and car finance - whether it is a lease purchase, car refinance or personal contract purchase (PCP) is no different. Look on the internet for advice guides, check out the latest book prices of cars, and look at forums where owners of the Audi or BMW you want discuss their experiences. When looking for car finance and you are trying to decide on an IFA go for one who has[..]

Bloomberg’s Global quarterly survey was polled by over 1,400 Bloomberg subscribers in six continents. New York topped the survey as the hottest place for financial services and it has sustained its supremacy in spite of being severely battered by the credit crisis. Singapore overtook London as the investors’ preferred place for doing business. Singapore was chosen by 17 per cent of respondents who said it was the second best place for financial services two years from now. London has slipped down from the second place due to the unfavorable tax policy being planned by the government and it is becoming difficult to raise credit because of the European Union’s regulations. Many hedge[..]

Estate planning services are essential for protecting your money and ensuring your future security. Connolly Law Firm gives you a wide range of assistance in every aspect of financial management that you require. Give yourself and your loved one's financial confidence by taking advantage of the estate planning services offered at Connolly Law Firm. Connolly Law Firm gives you everything you need for your estate planning services and beyond. Our expert consultants and attorneys are able to offer you professional assistance by utilizing advanced economic structures and techniques in important financial areas that include offshore and domestic asset protection trusts, limited liability[..]

Alibaba Network Limited (HK.1688) 10000 Network and China reached a share purchase agreement, will pay 540 million yuan in cash, in two stages obtained HiChina to operate in China shares. This is since November 2007, listed in Hong Kong after Alibaba, involving the largest single capital investment projects. Alibaba's chief financial Bue believe that this investment will be able to play the two sides in their respective fields lead already gained by the two sides jointly coordinated complementary small businesses in China to provide more comprehensive high-quality products and services to help small businesses by ' meet at alibaba 'to' work at alibaba 'changes, and further the use of[..]

offshore debit cards

A revolutionary new refreshment center has been introduced by Planet Antares Corporation. In 2005, it was sold for the first time and is a unique, one of its kind vending machine that offers a variety of products to the customer, making it stand out in the highly competitive vending industry. The new Refreshment Center has the capability to vend various sized drinks in cans, glass and plastic. It can also dispense water in containers ranging from 12 to 20 ounces, including the most popular 16.9 oz bottle. Moreover, it can also provide 12 oz canned beverages and 10-12 oz drinks. Everything necessary for making a useful and productive asset in strategic locations is present in this Planet[..]

Copyright (c) 2008 Christian Fea Among business professionals, the most difficult obstacle is taking the time out of running the business to market it. Of course, this is a catch 22 because if you don't take the time market your business, then there will not be a business to run. Time and time again, marketing becomes a lower and lower priority until it becomes a problem. Then companies have to put far more time and energy into the marketing than originally needed. Any MBA will tell you that they were taught to ensure that a marketing plan should be put into place and a budget established, yet many companies are without them. Does your company need professional help? Aligning your[..]

There are many careers and trades that require individuals to participate in numerous training courses and examinations in order to qualify for employment within that particular sector. Careers in medicine, law or forensics for instance, take years of hard work and qualifications before applicants can get to work. Office cleaning, however, whilst not one of these careers that takes years of education just to qualify, does deserve credit. Not only is it often a very physical and labour intensive job, but also one that involves use of some very dangerous substances that can cause serious injury, or even a fatality if misused. The cleaning industry covers every business sector there[..]

Pricing and Fees in Cyprus Company Registration

Posted by admin
5 stars of 5, 140 votes

Cyprus is the third largest island on the Mediterranean Sea. The economy of Cyprus is well-off and is a suitable base for offshore business due to is efficient infrastructure. The registration process can take a week or less. The Cypriot authorities have authorized the Cypriot nationals, European nationals as well as the non- European nationals to register Cyprus Company. The process of registering a company in Cyprus does not require that the shareholders or beneficiaries be on the island. The shareholder can choose anonymity by appointing a nominee shareholder, nominee director, or else a nominee secretary to represent him or her. This is possible since the Cypriot authorities issued a[..]

Tax Planning and Accountancy Services With taxes an ever present cost component of business and investment activities, it is imperative that tax planning be thoroughly incorporated into overall business and investment planning. In order to maximize profitability and minimize potential exposure to tax liability, tax planning must be fully integrated into the structure of every transaction. Rikvin is able to offer advice on a wide range of tax planning and accountancy services to help you through the decision making process. Pre Formation * Tax planning * Advice regarding ownership structures * Advice in relation to statutory or regulatory matters which may affect your business *[..]