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PROTECT YOUR ASS AND ASSETS NOW. It will be too late after something goes wrong!
"Get your money out of the country, before your country gets the money out of you" Last words of W. G. Hill, quoted in Invisible Investor
2009 Global Liberty Publishing Inc. Published by Global Liberty Publishing Inc Registered Office: PO Box 1817, OTs, Castle Road, Diamond, Saint Vincent and the Grenadines, British West Indies. IMPORTANT LEGAL DISCLAIMER: The contents of this report are not intended as legal advice. It is void where prohibited by law. This report is distributed on a worldwide basis via the internet and as such its advice must be very general in nature. Some of the strategies and ideas outlined in this report may be heretic or illegal if implemented by residents or citizens of some countries. You and we are free to have and distribute ideas. But before implementing them you should take advice from a suitably qualified professional. It is not our intention to encourage anyone to break any laws. We expressly disclaim any and all responsibility for your damages or losses incurred if you act on your understanding of any ideas or suggestions in this report. Before making any moves that could go wrong, we suggest you have a consultation with one of our recommended experts or your own lawyer. Get an opinion in writing on exactly how to do it. Always take proper professional advice.
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more money on your investments than you ever dreamed possible. You'll learn what it means to be a "P.T." or Sovereign Individual. Your private papers and personal records will be invisible and undiscoverable. They will be hidden encrypted in cyberspace, so you will have convenient access to them from anywhere you happen to be, but nobody else will even know they exist, let alone be able to access or seize them. Your assets are likewise made invisible and undiscoverable. You stay liquid without complicated trust arrangements, and you can cash out any time. Estate Planning? Forget it! Using the standard techniques of local lawyers, tax planners and soon, far too much of your assets will find their way into the pockets of lawyers, licensed professionals court appointed appraisers, administrators, and state and federal tax collectors. Our strategy shows you how (without any lawyers) to completely avoid probate costs. At a stroke and at no cost, you'll learn how to eliminate the possibility of family squabbles over your assets after you've gone. You'll find out how wealthy people preserve and pass on 100% of their estates to the loved ones and good causes they really want to have it not the State. And how they do it PRIVATELY! What about Personal Income Taxes? They too can be legally eliminated... legally and completely. If you could double your income and eliminate taxes would you be willing to move abroad - perhaps to a tropical paradise? Would you like to learn how to run your existing businesses through an offshore corporation that also insulates you from personal liability? Consider the Risk of Criminal Prosecution! One in every seven Americans now destined to serve jail time often for newly defined victimless crimes, You dont just have to protect your assets. Your ass is on the line too! We feel you need to plan for a personal escape or bolthole long before you are sued or become enmeshed in the legal process. You can ensure your personal freedom, safety from criminals, lawyers and Big Brother. Your money can be invested with 100% security, completely avoiding scams and rip-offs. Yes, we are promising a lot... but this is a strategy that has been employed over the years by the worlds elite super rich families and also by free thinking individuals of more modest circumstances... GET YOUR MONEY OUT OF THE COUNTRY BEFORE YOUR COUNTRY GETS YOUR MONEY OUT OF YOU! It's legal. It's easy. It's Invisible. It's Offshore!
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TABLE OF CONTENTS
Chapter 1 How Green Was My Valley and How Wrong I Was! The personal story of how your author was saved by an offshore account. 6 Chapter 2 A New Attack on any Gringo with Assets At Home or Abroad! 16 Chapter 3 Concrete, Watertight Asset Protection Strategies 18 Chapter 4 Foundations and Trusts for Asset Protection Purposes 23 Chapter 5 The Billionaires Loophole 28 Chapter 6 Estate, Gift Tax and Retirement Planning Simplified 31 Chapter 7 Foreign Bank Account Reporting Requirements and Six Legal Ways to Avoid Them! 34 Chapter 8 The Best Place to Get a Legal Divorce in One Day 36
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CHAPTER 1
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That was when my ex-wife Lady Morgana De La Fey Trevellian burst in screaming: Morgana [Fire Breathing LADY Dragon] ENTERS HISSING "You dirty, low down %$#@#$*. It's enough that you $#@$ me in our divorce, but how could you do this to your own kid?" Her scenes were nothing new. "My dear, sweet lady love of my life, what was this itsy bitsy anger all about?" I asked. I sent Mrs. Zanadu on her way, and gently but firmly told Morgana the Terrible, "Calm down darling sweetness, have a seat. Have this cuppa soothing Tizana Tea I made for myself. Tell me what's on your mind. Please dear. Don't be upset." "$$#@# you + your ^#@$#@!!% tea" She blurted, angrily, as my peace offering hit the wall breaking the cup into an irretrievable archeological artifact. "The G-Men just seized your daughter's Christmas and birthday money: Two Thousand six hundred thirty six dollars. And if you, you %$$$#@#$, don't hand it over in cash in the next thirty seconds, my lawyers, Stabbim Grabbit & Ballsqueezer, will make you wish you were never born." I knew better than to argue with Morgana, so I went into my petty cash drawer and pulled out $3,000 cash. "No need to threaten me. You know I love you still, and I love our wee baby. I don't know how this happened. But I will take your word for it. Here, this three grand is for our little Snookums. You keep the change and get your pretty hair done up in a Beehive or whatever you like. You always look so beautiful when you're mad." I said it (about her looking beautiful when she was mad) even though it wasn't true. It was a good line from an old Clark Gable movie. It usually worked to keep the ladies in my life from sinking into a self-induced hysteria or throwing things. "You're so cute when you're angry." One of my favorite lines. It often brought a smile to their face, tears to their eyes, and after a few minutes of tender embracing, they were firmly in my control where all beautiful women belong. But Morgana (still with a magnificent figure) would have none of it. That was how my day started on what I later referred to as my Disaster Monday. Morgana growled and snarled: "I'm in no mood for another reconciliation on your office couch." She grabbed the money, pushed me away and said rather calmly, "So long dick head. The smartest thing I ever did was to get a quick divorce from you." She moved towards the door like an angry tornado. Then, she paused. What next? Would she stride back to me, strip me naked and force me down to yield once again beneath her powerful loins? No such luck. She pouted with those big pleasure giving quivering lips, angled her legs in the sexy stance of the model she once was, and cooed: "You'll get your comeuppance some day!"
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She turned her back to me again and headed slowly towards the door, knowing how much I enjoyed the view. I watched her gorgeous little bottom float away from me, swishing the folds of her dress in a most delightful way. Morgana, two marriages after me, was still nicely rounded a posterior like two well inflated balloons. At the door she paused again. Aha, she is coming 'round, I hoped. She turned, just her head this time, and gave me the same fleeting smile that once warmed my heart. Then she blew me a kiss. "Bye," she murmured sweetly. "We sure had some good loving together" I mused. She was wife number three for me (and almost the most expensive of the lot) but I still loved her. Sort of. The next time I saw her it was in court again. Ahh, well, I digress. Back to the main tale. THE LONGEST DAY To put that very long and disastrous day in a nutshell, at least fifty people complained of bad checks that Monday. My business went into a dead faint and never woke up again. We had no money, and were locked out! No access to any of our projects. The finished properties and construction projects were all sealed. Workers were greeted with bits of tape and official warnings taped on all entrances: "WARNING DO NOT BREAK THIS OFFICIAL SEAL These properties have been seized, by order of the United States of America Every single one of my personal and company bank accounts were empty. Every stock brokerage account was "frozen." I had only the money in my wallet. What the heck had happened? Some pimple faced little twerp in the bowels of some government office building basement, had decided to screw me over real good. He might be a nobody, he might be on a small salary but he could show some son-of-a-gun rich tycoon like myself who really held the power in our society. To show who is boss in connection with the disputed claim of a few thousand dollars, he gave an order to place liens on all my properties. All my bank accounts (immediately isolated by computer search) were closed turned over to his agency for further disposition. Newspapers were notified by official government press release that this action had been taken because of my un-cooperative attitude. (I dared to question the claim!) My special treatment was to serve as a warning to all business and professional people that they must drop everything to kiss the fanny of any junior bureaucrat who wanted to waste their time and make up claims out of thin air. My ex-wife's fury had been provoked because my daughter, then six, had a few thousand dollars in a savings account. Morgana the witch, I mean wife, uhmm, exwife was (at that time) the sole signer on the kid's account. But my name and socialist insecurity number were associated with this account. When the kid was only a few days old, I had opened it. Now, six years later, it had been confiscated, along -8-
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with every other bank account, stock brokerage account, and property I owned or had any interest in. I had used my social security number to open the account six years earlier because the baby didn't have her own government ID number yet. Now it belonged to the government. Was this a bad dream? The long and short of it was that from that day on, all my employees were out of a job. Mrs. Zanadu and all my creditors (innocent of any wrongdoing just as I was) were to remain forever unpaid. Most of my old contacts would never do business with me again. They blamed me for defaulting on deals that were no longer in my control. I was soon to be held in criminal contempt and sent to jail (again!) for being unable to meet my alimony and child support obligations. The government agency which had tied up hundreds of times more in assets than their claims were worth insisted I owed them still more. Other state and local agencies piggybacked onto these claims. I soon had so many civil cases, trumped up fraud charges, and other troubles that there didn't seem to be any light at the end of the tunnel. TO PT OR NOT TO PT Some would have defenestrated (jumped out of a window). This was the euphemism employed during that period in government "resolution reports" i.e., the conclusion in similar cases. Really No joke! But no defenestration for me! Though not prepared for a totally unexpected battle with the government, I (fortunately) had some experience in operating offshore. I had moved myself and my assets abroad for a short period when I learned Morgana was going to sue me for divorce. After settling with her, my guard was down. Big mistake! It cost me most of my assets. THE BODY IS GONE Six months later, I packed up everything I had left in one small rucksack, borrowed money from the few friends I still had left, and boarded the first flight to anywhere. What flight? I had no plan, just wanted to get out of the country and have time to think. Fortunately, once I was alone without the pressures of daily depositions and court appearances I remembered that I still had one bank account abroad. A long deceased foreign aunt and uncle had established it for me as a child. Their small estate had gone into this account before the Morgana divorce, and it stayed there on the excellent advice of a lawyer who told me to leave the funds abroad, "just in case." There was enough money there, safe from government attack, to support me for a few years while I decided what to do next. What had been irrelevant small change in my financial heyday became my survival stash! Not enough to support me for life, but -9-
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sufficient to allow me to relax, smell the flowers, get out from under, and breathe freely. DO WE FIGHT OR DO WE LET IT GO? Its another story, the litigations end... but I learned that when your property is seized in litigation (especially when the government is the plaintiff), even if you win it can be years and years till you get back any part of it. Even if you are judged to be completely in the right, when the smoke clears, any real estate that was mortgaged, has long ago been foreclosed and lost. Maybe it is sold for back (local) taxes. Your business or profession? Forget it. Clients stay away from any lawyer whose client trust accounts are seized and who can't keep himself out of trouble. Even the big star attorney, F. Lee Bailey hasn't made much of a comeback since 1996 when he served 45 days in jail for contempt until he coughed up $16 million to pay a government claim. How about your cash and securities? What a joke! Any recovery when you don't have money to pay lawyers hourly rates is subject to their fifty per cent contingent attorney fees (if you win), plus costs. You might get 25% net, if you are very lucky. The best-case scenario is hardly worth seven or eight years of court appearances, depositions, document searches and long waits in lawyers offices and rat hole hearing rooms. Your business goes to pot. Worst of all, when you have been grievously wronged, there is no one to sue. "The government acted in good faith!" says the judge. Not sometimes. Every time! And besides, says the judge: "As a sovereign, your government officials are immune to any action for damages." Your lawyer? Hes got his half. "Maybe you can get a congressman or senator to pass a private bill to have the US Treasury make you whole again." Sure, if you believe in Santa Claus or Easter Bunnies. Had I to do it over again, it would have been better to walk away. Devote all that time and energy spent in courts and in rat-hole deposition rooms instead towards new projects and a new life abroad. The past is dead. Let it go. A DIFFERENT WORLD, A DIFFERENT LIFE Once upon a time, some fifteen years after Bloody Monday, I met another exile in Europe who had owed me $12,000 for a car I had sold him just before leaving. He had been a good friend. Later, went through troubles of his own, and like I did, he made a new life for himself abroad. I reminded him of the money he owed me. "Come on my friend," he said "That was a different world - a different life. Forget it." He was right. I never brought it up again.
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IT'S ALL A GAME FOR THE BUREAU-RATS For the little twerp bureau-rat who set up the chain of events that disrupted my universe and ruined me financially, it was all a paper game. I was just one of hundreds of similar lives ruined by him in his brief government career. Such twerps grow up to become politicians or more often amoral private lawyers. They inevitably change sides. Graduating with credentials in advanced harassment, they move on to represent victims instead of setting them up. But government always holds the winning hand. Their bureaucrats have endless resources, nothing else to do, immunity from counter-suits, friendly judges (who work for the same employer) and special rules of discovery and collection just for them. They win 98% of all their cases. Even State prosecutors win over 95% of the criminal cases they bring to court. The "O.J." acquittal in his first case was a one in ten million event. Movies and books usually see the innocent person acquitted. In real life, a criminal defendant always loses. Even if he isn't convicted, the stress, loss of face, and finally the haemorrhaging attorney fees do the damage. To me, getting caught in the wringer caused my then current marriage to fall apart long before the trial was over. Post-conviction, becoming an exile, a fugitive and being impoverished put me in a position where for many years it was impossible to see my own kids. There was a lot of other damage too, but I won't bore you with a six hundred page partial summary. "Well," says you, dear reader, "You were well educated, healthy, relatively young, had money and friends abroad. What are you complaining about? Other people start off far worse off than you were when you left the country. "WAKE UP CALL! HEY! WAKE UP!" This is not a plea for sympathy. I am not somebody on a crusade - a guy who wants the Justice System to be more just. This is a wake up call for you. To warn you that there is an unseen danger out there. I want to prevent you from ever being caught in a situation worse than mine from where there may be no exit. My story had a relatively happy ending. But I was for months in a mental state where it would have been quite easy to blow my brains out - or to turn to booze or dope for comfort. Stories like mine don't usually have a happy ending. As for me, sure, things worked out. I got to live in Monaco and watch the pretty topless French girls for a while. Then I found lasting romance, a new family and a new career in Europe. Sure, I lost a lot of material possessions. It was down the toilet with everything I had built up over twenty years. I was forced to sever ties with all my old friends. Whatever social position and status I had was gone with the wind. But I was able to make a comeback of sorts to survive and prosper. "Living well is the best revenge." Part of my success and survival was because I was young, and part because I had some mad money abroad. To be quite honest, I think another key factor was my attitude. I wasn't going to be beaten. But as with Scarlet O'Hara, a whole good life - 11 -
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was taken away from me. It was "Gone With The Wind." I was, in effect, an unwilling expat a refugee. For you, if you are mentally, financially and paperwork prepared, you probably will never have to leave and to suffer nearly as much as I did. Why? Because you won't be fatally injured when the enemy fires their first volley. This process of learning how to protect yourself takes a bit of understanding. You will find much more information in my three volume book Bye Bye Big Brother! But, for now, let me give you a hint. Being PT or Prepared Thoroughly involves hiding a large portion of your assets and getting your paperwork in order so that you can disappear (out of the country) and be off of every computer in the world until things cool off. When the money is gone and the body is invisible, there is nobody to sue, arrest or harass. You are as free as a ghost or a soaring soul maybe. YOU CAN BECOME A PT: THE PERPETUAL TRAVELER Years later, after a career in quite unrelated matters, I met the late Dr. W.G. Hill at a seminar in Monte Carlo. We became closely associated (when I volunteered to be his proof reader and editor). He became a legendary guy who earlier on had very similar problems to mine. He too was a tax exile or Perpetual Traveler (PT). By then he was a successful consultant on "offshore matters." Through him I learned of and met many other people who didn't come out so well and a few who did much better (financially) than I did. To cut a long story short, I decided to make this information public to allow you to learn from their mistakes and their successes. Once you lose a great fortune, the value of money falls into perspective. Sure, you need enough dough to cover the basics but beyond that, relationships, health and creative work becomes much more important than collecting more chips or markers. What are the Six Flags? It goes something like this: Every PT should realize that "his" government exists to exploit him, not to serve him. Accordingly, six (probably new) flags should be chosen: 1. 2. 3. 4. A country that will give you citizenship and a good passport which you can use for travel and banking business a country that will not seek to control and tax you when you are gone. A country where you can work or run a business, to make serious money. A country where you can play or indulge yourself in what gives you pleasure even though such activities may be considered illegal, immoral or fattening at the place where you formerly lived. A country where you can have a "legal residence" and where there are no onerous regulations, property taxes nor income taxes. Of course, the country should not require that you actually spend any time there. This is where you spend time on paper. A banking or asset haven from where your investments and financial dealings can be run by trustworthy employees, institutions or banks. This place must have genuine independence, good secrecy laws, a - 12 -
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laissez-faire attitude, and a long tradition of the inviolability of private property. The Sixth Flag is cyberspace your internet business, communications and money moving center. You can be physically invisible but virtually everywhere. You can roam the globe electronically, raking in profits even as you sleep.
Each of the above six flags should be different from each other, and certainly different from the country you were born in or are presently a citizen of. Only then can you experience true freedom and the ultimate sense of security. Only then will you not be under the thumb of any one government. If one of your flags goes down, the rest of you carries on normally you can simply route around the problem and replace the damaged flag. What does all this mean to you? Probably that you have a lot to learn and there is a whole "offshore" world out there that you don't understand at all. Heres where the strategies outlined in my comprehensive plan Bye Bye Big Brother can help you. WHAT'S THE PURPOSE OF LEARNING ABOUT THIS OTHER WORLD? Why open your mind to this new way of thinking? Simply put, the average professional or business guy (or woman) doesnt realize that the only thing between him and sudden disaster (like mine) is a thing called "judicial and prosecutorial discretion." Or to put it another way, if anyone gets in a lawsuit or comes to the attention of certain bureaucrats who for any reason don't like them, that bureaucrat can pull the plug. Like cancer or an AIDS infection, your life then changes radically. Most people wont believe it can happen to them - until it happens! What to do? Like the Boy Scout Motto: "Be Prepared!" If you are prepared, the chances of it happening to you are much, much smaller, for reasons you will learn throughout this book. That, however, doesnt mean that being Prepared Thoroughly is a waste of your time and effort. GOVERNMENT ISNT THE ONLY ENEMY When you are hit with a lawsuit maybe just for failure to file an environmental impact report your whole world can collapse overnight. What about sexual harassment? You pat an attractive passing fanny just as your father, grandfather and great grandfather before you did with their secretaries. Fanny patting for you is just following a historical family tradition dating back to biblical times. For your ancestors, if there was a smile and a kiss from the object of their affections, they had a brief fling or sometimes married the girl. Maybe the divorce cost them something but Grandpa at least had some good cooking, good sex, a few years of company and a few kids out of the deal. Today, a little feel (and nothing else) can cost you a million dollars, plus attorneys fees of an equal amount. The plaintiffs award in a sexual harassment case can be - 13 -
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more than that if you happen to have any visible serious money. In most communities, hungry lawyers roam the streets like scavengers, trying to stir up "class actions" and other lawsuits that will transfer wealth from the deep pockets of productive people into their own ravenous maws. There is one guy around who has never made any legitimate money from his patents, but he has acquired thousands of patents just for their lawsuit potential and has become a near billionaire by filing many patent infringement suits. Another chap in California gets copyrights on short (sometimes rather prosaic) sayings. Then he sues authors and publishers who use them. Beware the slivey toves, Alice in Wonderland was told. They gire and gimbel in the boro groves. Life and love can be surrealistic these days! Another strong possibility is identity theft or simply mistaken identity. You are a saint, but computer error or mis-identification targets you as some kind of tax evader, money launderer or criminal. The laws are such that crimes can be tailored to fit any individual who falls into the net. By the time things are resolved, maybe you have spent years in litigation or at worst, in jail. My own personal observation (from having been there) is that at least one third of the people in jail or convicted of felonies did not deserve the screwing they got. Your chances? Fully one in five that you will be accused of a crime during your lifetime. About one in seven that you will be convicted! For wealthy people who used to be virtually immune from criminal charges, the odds are changing not in our favor. We are now prime targets. The "undeserving rich" like Martha Stewart, Mike Milkin and Leona Helmsley are the means, the stepping stones by which ambitious bureaucrats become successful politicians. Bureaucrats and politicians produce nothing of value, but they love to destroy those who achieve prominence in productive enterprises. At some time in your life, if you are an entrepreneur or innovative professional, it is extremely likely that you will lose your assets and very possibly serve some hard time. Business Risks? We have not even mentioned good old-fashioned business risks and economic cycles that have destroyed (or will sooner or later bring down) every economic enterprise that ever existed on Earth. Assets on deposit abroad, the same insurance that will keep you afloat when you are sued, will help when and if circumstances cause insolvency. CIVIL CONTEMPT Did you know there is a very good chance of your doing jail time in a non-criminal matter? Several examples will be cited later in this report. Many people, particularly professional people and wealthy people, go to jail for civil contempt. Once, when (after the divorce) I was having a dispute with good old Morgana over visitation and child custody, the judge got disgusted (mainly with her) and said: I don't think either of you are fit parents. I am taking your "Snookums" into State custody, and putting
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her into foster-care. Now, both of you get out of my courtroom! he snarled. Come back in sixty days and only after you have settled this between yourselves! The reason we were in court was that we couldn't settle it between ourselves. We wanted a decision, but not that decision. All I asked was that Morgana should let me have Snookums on alternate weekends as the original court order had provided. Morgana said no. You'll see the kid only when I say so. Now the judge was going to put the four year old kid in jail, I mean foster home custody? What kind of thing was this? Of course I was furious! My baby was only four! I was so shocked by this order, I blurted out, Your honor, that is the dumbest thing I ever heard. I withdraw my objections. Give Snookums to my wife. Don't send her to an orphanage! What did that bit of King Solomons wisdom get me? Guess? That outburst will cost you five days in the county jail. And a $500 fine. I am the only one who makes the decisions in this courtroom, and don't you forget it! MORAL OF THE STORY The point is that your personal freedom, your control over your own money and your destiny, hangs by a thread. That thread can be cut by any number of jerks like the judge above. These people are often ignorant, uncaring, jealous people with their own agenda. In my opinion (hereafter IMO) neither state social workers, Judges, nor private litigants who come into your life by random chance, should be allowed to have such control. Nobody but you should have power over your kids, your ass and your assets. In coming pages, I will take you through the hidden trails that lead me and many of my clients to take complete control over their own destinies. You should have the right to earn money honestly and to save or dispose of it as you please. We dont need to be part of an unfair system. We can indeed be individual sovereigns, writing our own rules. Can you afford to ignore the rest of this story? I dont think so. Dont wait until some capricious event deprives you of your money, your business, your family or your precious personal freedom. My foreign bank account, the one that saved my life, was provided for me in a way that amounted to a lucky (very lucky) accident. If you don't have a rich uncle abroad who has set you up with survival money, then do it yourself. Opening your own bank or stock brokerage account offshore costs nothing. It is completely legal, and it might save your life. Its a first step toward saying Bye Bye Big Brother or becoming an Invisible Investor!
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CHAPTER 2
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defend!) injunction to freeze any USA bank account. Then, it may be years and thousands in legal fees until it can be unfrozen. Anyone can get info from an American bank by just asking or using simple subterfuges. Any identity thief can empty a USA bank account pretty easily. There are industrial scale web-hacking operations in places like Ukraine and Indonesia dedicated to doing just that. In fact, anyone seeking information on your bank account doesnt even need to go to your bank. Credit bureaus are a huge repository of information, all conveniently indexed by social security number. They may show the existence and balances of your bank accounts. Anyone can run a credit check online instantly on anyone who banks in the American system. A credit card company can grab essentially as much from your bank accounts as they claim is due, without anybody stopping them. Any onshore bank can call any slightly unusual or irregular transaction suspicious That alone will possibly trigger a seizure of that account. The only solution to any Americans quest for privacy or security is NOT to EVER use any USA bank except for automated bill paying and pin money. Serious bank, credit and identity security doesnt exist in the USA. Period. Of course anyone with half a brain and substantial assets might try to get some additional protection by keeping some of his assets parked offshore where they are not subject to theft and arbitrary seizure. Taxes often have little to do with desires for safety and privacy. The USA is by no means the worst offender. Wherever Uncle Sam leads, the UK, Australia and Canada follow. Some countries like Germany, Sweden and Norway are even more advanced in spying on their citizens finances. But the populist drone rolls on in the media. Any smart individual who chooses to opt out of the system is treated like a heretic or a traitor, an unpatriotic leech who is seeking to live off the back of the hard working workers. The truth is something different. Many of these so-called workers are unproductive in the extreme. They are actually supported by the state in some way or another. Well over half the population either works for the state directly or lives off the public teat indirectly, such as politicians on exhorbitant pensions, the unemployed or welfare recipients. And guess who is supporting them? You!
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CHAPTER 3
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My view is that complete financial privacy is -- and always will be -- available to those who want it, in spite of the recent attacks against the offshore industry. Such is the nature of international finance and the globalized economy which no government can change. But complete financial privacy is not something you can buy online with a credit card. You are unlikely to get good advice from a website you found on Google Ads. We wonder how they (Google) can run those ads for crooks selling corporations, bank accounts, credit cards and second passports that are never delivered. If you deal with un-named individuals, without references, you are more than likely to get scammed. As there are quite a few government sponsored entrapment sites, you might get yourself arrested as well. Setting up the right structure in the right way takes time and effort. Thats why you need to start now, rather than waiting until emergency strikes. First, you need to identify the honest and well informed contacts overseas to get things done. The best consultants do not advertise, or even have websites. They do not accept walk-in clients. Everything is done by word of mouth. Probably you will need to travel abroad to meet in person. Ironically, the most trustworthy professionals frequently charge lower fees than bankers or the internet corporation mills. But they will charge for their time and advice. Some of the old established offshore corporation mills have reacted to the changing offshore landscape by reinventing themselves as professional advisers. Seeking to protect their reputations in a world where the word offshore has become tainted, they no longer sell offshore corporations. Instead, they offer "global tax planning solutions" or "wealth protection strategies". But lurking behind these phrases is still the familiar desire to sell the same sheaf of paperwork or corporations off the shelf from the same jurisdictions. They have much more interest in set up and annual fees than the clients wellbeing. This can hardly be a happy time for these companies as they see their profitable enterprises being destabilized and attacked. To stand up to the propaganda would automatically mean having their reputation tarnished and being called "money launderers" a difficult accusation to "wash off". We observe that most sellers of corporations and so on in the offshore industry chose profit over morality .They continue to sell yesterday's easy-fix products, not fitting with the goals of their clients. In addition, to protect their own behinds, most of the old line offshore corporation outfits are placing prospective new clients under absurd and insulting levels of scrutiny. They typically demand detailed identification, reference documentation and even waivers of confidentiality. Why this? So that the smaller fish clients can be given up without any court orders if the service provider wants to make a deal. So can an offshore corporation, foundation or trust be of use to you in your quest for total financial privacy? - 19 -
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The short answer to this question is: yes maybe! Indeed, a basic legal entity is a good first step for privacy, even though it may be completely neutral for tax purposes. That is mainly because it changes the legal name under which the assets are held. No offshore bank account is secure from creditors or government claims unless assets are held in the name of an unknown entity, not associated with you. Obviously, to repeat: the first rule is that the name the assets are held under absolutely positively must not be known to your creditors or enemies. You may nod your head in agreement and move on to the next paragraph here But remember this: Even today the vast majority, something like 98% of people who lose their offshore assets in domestic law suits, do so because THEY THE CLIENT revealed the existence of the assets and the name they were held under. If your exspouse to be (for instance) knows the name of your offshore bank, your account number and/or the corporate or trust name, your goose is cooked even if your account is in Peking... Few account holders have problems because bank secrecy being penetrated, or because of tax information interchange agreements, or electronic surveillance, or even Big Brothers investigative prowess and power. Therefore this point really needs reinforcing. Having a big mouth, or just being sloppy with paperwork is the single biggest mistake people make when trying to keep their international assets confidential. Maybe I should be a little more specific here. Owners, may, and probably should report their holdings as legally required to the tax authorities. We can not help anyone evade taxes. But for other privacy purposes, A fish gets hooked because it opens its mouth. Never brag, never tell anyone about your offshore accounts. This includes possible ex-spouses, for example. Can you really trust your spouse to keep a secret if she is put under pressure later? Or would you be doing everybody a favor by not telling her in the first place about where the family treasure is buried? And there is another big group of people you should never talk to about your offshore plans to professional advisers in your home country. We mean lawyers, accountants, tax preparers, local bankers, or even real estate agents and car dealers. Professional privileged communication is a thing of the past. Bank staff, real estate agents, lawyers, and just about anybody who handles money is now being told by Big Brother: "Always suspect your client might be a money launderer, drug dealer, tax evader or terrorist... Investigate and report, even if in doubt, but never tell the client you've done so or else you can be jailed for tipping off a customer. Big Brother says: nothing will happen to you, even if you get it wrong and report suspicious transactions of an innocent person." - 20 -
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If for instance a domestic coin dealer or car dealer doesnt file a report of a cash transaction, however, that person can be charged with conspiracy and thrown into jail! Ironically, even Big Brother agencies like the US Treasury are now complaining that they cant cope with the huge backlogs of Suspicious Activity Reports but for professional advisers, always keen to cover their asses, the ground rule now is if in doubt report! The fight against money laundering and terrorist financing is a useful cloak used to obscure the true intentions of Big Brother. The real goal is control of the population, especially those who simply buck the system because they believe in the classic American ideals of freedom and privacy. LIMITATIONS OF LEGAL ENTITIES Many legal entities like Offshore Corporations or Foundations no longer give the anonymity they used to. The sheaf of papers you will receive is of little use to you without a bank account. And when you open an account for a legal entity like a corporation, the bank will want to know their ultimate customer and identify you as an individual beneficial owner. They will want to see your personal ID, a utility bill from where you actually live, and they will carry out certain background checks with the likes of Interpol or even big, secret private databases. They will keep this information on file to show they have done their due diligence, and if they should dig up anything suspicious they will file a report in their own country which in most cases will also go to the country of your residence and passport. However, the key point is that is that a legal entity is regarded as a separate person. If the assets are held in a Foundations name for example, by definition means assets are not held in your name. So if anyone is looking for assets in your name, the assets of the legal entity will not be found through a search for your name. Even if the bank knows or suspects you are the beneficial owner of the assets, or you have signatory rights on the account, provided you have taken a few basic precautions, the bank will not report the corporate, trust or foundation account to anyone who is trolling only for your name.. I suggest you read these last lines again. Make sure you fully understand them before moving on. Because the above is the very simple, it is one basic method that still makes effective asset protection legally possible today. There are many gimmicks, twists and turns that smart lawyers can add to increase privacy and security, and to make the structure more compliant with your home country laws. The bottom line is that the assets must be legally held in another name, not yours! A corporation or foundation can serve this purpose.
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Your mother lode the bulk of your wealth will be transferred through these accounts eventually ending up in two or three top secret depositories, depending upon your goals and how much money you have to invest. Those funds will be kept in "alternate identity" Corporations or Foundations with no visible connection to you whatsoever. You will never access the mother lode with a credit card, check or do anything with regard to account that leaves a paper trail. All mail will be held by the bank and statements are never to be taken out of the bank building itself!
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CHAPTER 4
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without it passing through an expensive probate, you simply open the account in Your Name, in Trust For Your Kids Name. This is called a Totten Trust and it is as common as dirt. Ownership has been called a bundle of different rights. One is the legal title to the asset (the person listed on records as owner); another is the right to income from the asset; still another is the right to control the asset and to use or direct how it is used. Usually these rights are bundled together into fee simple one owner ownership, so you dont notice the different rights involved. Yet these rights can be and frequently are unbundled. For example, if you buy a house with a bank mortgage loan, you may not technically be the legal owner. A bank or building society has a Trust Deed You have the right to live there, but only as long as you make the mortgage payments. The bank can kick you out by getting a court order that you have not paid, and foreclosing your right of possession. They take over the property if you default on the payments. A trust typically involves three main players. The first is the settlor typically a wealthy individual, who hands over control of an asset to a trusted second party known as the trustee perhaps a lawyer. This trustee in turn controls the property on behalf of a third party known as the beneficiary who might be the settlors heir for example. The trustees are the legal owners of the asset but they are not the beneficial owners, and apart from fees the trustees should receive no benefits from the assets. Trustees are bound by a deed of settlement (or trust deed) in which the settlor lays out instructions about how the assets of a trust can be used; the trustee is bound by law to follow these instructions. Trusts are generally meant to incorporate this split of roles, responsibilities and entitlements. TRUSTS: GOOD IDEA OR BAD? Let me say at the outset that I see absolutely no reason for any intelligent person to be involved with giving other people (like lawyers, accountants or trustees) control of their financial affairs. Period. You can get their usually bad advice by going into see them and asking questions as Mr. Smith. More often than not except in very special cases using others to really control your assets results ends in disaster because their inevitable problems or those of other of their clients related to tax collectors and regulators become your problems. So it is hard for most people to understand why a settlor would want to give away his or her assets. To lose the whole asset seems like an oversize price to pay if the aim is to protect the asset from others who would seize and freeze it, or simply to cut the tax bill on the income from that asset.
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The answer to this is that while the settlor has, in theory, given the assets away to a trustee, who has legal title to them, the settlor can usually still exert a measure of control over the assets. Offshore jurisdictions in particular allow very wide powers to settlors which mean they can still pretend to have been separated from the assets, while in reality they exert a large measure of ongoing control. Some of the worlds finest legal minds spend their time dreaming up schemes using these kinds of principles generally, the more complex (sophisticated) they are, the more expensive. Jersey trusts, for example, are created and governed pursuant to a 1984 law under which the settlor has the power to make the trust's investment decisions and the trustee is under no obligation to ensure the investments are in the interests of the beneficiaries. A trustee might, for example, appear to be independent from the settlor when the trust is set up, but then be replaced later by a more pliable trustee, or even by the settlor himself, in disguise, perhaps through another complex offshore secrecy arrangement involving trusts elsewhere. WHAT ARE PRIVATE INTEREST FOUNDATIONS AND ARE THEY A GOOD IDEA? The Panamanian Foundation offers some of the best benefits of both the trust structure and offshore corporation or IBC rolled into one. The assets of the foundation are not subject to local taxation. Panama Foundations were first launched in 1995. While this structure is therefore a fairly new entity for Panama, the idea itself is not new. Foundations have been used as a family inheritance planning and asset protection tool in Continental Europe for more than a century. So the nature of the Panamanian foundation is understood and appreciated by many Europeans including, crucially, bankers. The law governing Panamanian foundations is based on Liechtenstein law. A Panama Foundation, however, is cheaper to set up, cheaper to maintain, more private and perhaps most importantly offers the utmost flexibility. Trusts, as I explained earlier, do not have a separate legal personality instead the assets are registered in the name of the trustee. Common law recognizes, however, that the trustee is holding those assets for someone else. For example, if the trustee goes bankrupt, the assets he holds as trustee will not be involved in the bankruptcy proceedings. They will be kept separate. There are two major problems with trusts: 1. Problem number one is that as the Trust is a Common Law concept that does not exist in Civil Law, there can be conflicts of legal systems. If a country - 25 -
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where assets are located interprets trust law differently from the country of residence of the person who created the trust, for example, you dont need a wild imagination to see that the results could be catastrophic. With more and more people choosing to live, invest, retire and do business in more than one country, this problem is becoming more prevalent. 2. The second problem is that trusts have been made more transparent, and less secret if formed in Common Law countries like the USA or Great Britain. You may have heard about this in the news. Recent court cases in the USA, for example, have proven in my opinion that US judges have started to erode the centuries-old trust law altogether in favor of public policy decisions like supporting the government or the IRS. For this latter reason any asset protection structure using domestic trusts that is domiciled in the US and some other onshore countries like the UK and Australia is of limited value. Further, it could be positively dangerous to your wealth, privacy and freedom! Why? Because courts can easily pierce the trust potentially exposing sensitive financial matters! Big Brother makes the rules. Domestic trusts with American beneficiaries, settlors or trustees now have onerous reporting requirements and few tax benefits. They are not the great asset protection vehicle they once were. ENTER THE PANAMA FOUNDATION This is why we like Panama Foundations. Clients who ask us, in individual consultations, about Panamanian foundations have many questions but I have found that what most people want to know first is: Whats the difference between a trust and a Panamanian foundation? The answer is that the Foundation offers the best features of a trust combined with the best features of an offshore corporation. The key thing to get your head around is that since there are no shares in a Panamanian foundation, there are no owners. Nobody owns the Foundation. While the foundation cannot technically engage in business activities, it can own the shares of a company engaged in business activities. It is also permissible for the foundation to engage in any activity designed to increase the value of assets. This means that a foundation can be the owner of bank accounts, securities brokerage accounts and real estate holdings, for example. A Panama Foundation acts like a trust but operates like a company. It is, in essence, a company with beneficiaries instead of shareholders. Those beneficiaries, however, might not even be aware of the fact that they are beneficiaries! Rather than trustees, the foundation is managed by a council which acts more like a board of directors. Another way of describing it would be an incorporated company without participating shareholders but still having limited liability. The foundation is the owner of its own
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assets and functions in a codified legal system, which is less open to interpretation than common law (in other words, you know in advance the deal you are getting!) A Foundation is created by a charter, which is registered with the Public Registry in Panama, in the same way as a company. The terms of the foundation charter can be made as fluid or rigid as you wish. The charter is typically written in such a way that its provisions can be easily altered to meet contingencies by means of regulations. The charter is the only public document, and will typically include the names of nominees who serve as the Foundation Council. The typical (and most private) structure then appoints one or more Protectors who might be the client or a trusted friend or professional etc. The Protector is responsible for the day-to-day operations, and operates through a Power of Attorney. The Protector is therefore the main man who has sole signatory power over the bank and brokerage accounts. EUROPEAN BANKING FOR PANAMA FOUNDATIONS The Foundations financial affairs are nobodys business but its own, and if you decide to go ahead and form one it should be up to you to decide who to tell about the existence of the Foundation. As I said, my advice is that you tell no-one in your home country. You might for example list your children as beneficiaries, but you do not tell them about it. Instead, you leave instructions in a sealed envelope with a trusted Swiss lawyer, for example, to be opened only in the event of your death. Just because the Foundation is incorporated in Panama, doesnt mean you have to keep the bank account there. Au contraire. We wouldnt recommend that. Open a bank account where most of the Foundations assets will be held -- outside Panama. European banks (Switzerland, Austria, Liechtenstein, San Marino or similar) fit the bill perfectly here, since bankers in these countries are familiar with how family foundations work. Youll find more information on the uses of offshore structures for asset protection in my other publications. I always tell you how to do it yourself if you have more time than money. But if you would like a reputable expert professional to hold your hand, that is possible too. And my publishers can make appropriate referrals.
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CHAPTER 5
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Americans, in order to permanently and legally disengage themselves from federal tax obligations, must not only leave the United States, but also take the radical step of permanently relinquishing their American citizenship. This process is called renunciation. Needless to say, the image of ridiculously wealthy ex-US citizens living completely tax-free in tropical paradises remains an irresistible leftist target. Renouncing citizenship to save taxes is not a politically-correct route to take. A so-called departure tax enacted by Congress in 2008 sought to close the renunciation loophole by legislating that Americans who renounced US citizenship for tax purposes would be forced to pay a one time tax on their entire net worth, and would require special permission to return to the USA even for brief visits. Our understanding is that not one person has ever paid a renunciation tax and not one person who did renounce has ever been denied re-admission. Taxpatriates who leave must theoretically pay a one-time tax on all unrealized gains of their worldwide estate, including most offshore trusts. And the tax applies not only to renouncing US citizens, but also to long-term green-card holders who have resided in the United States for at least eight of the 15 years preceding expatriation. How are you supposed to pay the tax without liquidating your assets? Well that's your problemnot the IRS's! Besides the departure tax, headlines such as "And dont come back!" give the impression that so-called taxpatriates will never be allowed to visit the USA in the future. This is far from true, but this type of propaganda serves to scare away some wealthy individuals from an excellent tax and asset protection strategy. Anyway, if one can legally save millions, and never have to file anything nor pay taxes again for the rest of their life, some individuals wont really care about political correctness! Now heres the good news: We dont feel it is necessary to renounce in order to get most of the advantages. For the moment (and please pay special attention to those last three words!) there are still numerous ways to legally avoid this departure tax and take advantage of this one remaining legal strategy to permanently opt out of the US tax system. We choose not to detail these methods here in this introductory level report, but serious future PTs will certainly get the benefit of our research on this subject. And more good news: You dont need to be a billionaire or even a millionaire to take advantage of this expatriation strategy. Any couple earning under around $200,000 a year for example, can be legally exempt from USA income taxes, without renouncing or even acquiring a second passport. If you're super wealthy, giving up your present citizenship or residence can save millions of dollars in future taxes. You wont likely move to an out-of-the-way, mosquito infested swamp to benefit, either Take a trip and you will see that there are places in the world that are better in every conceivable way than the most attractive places in your own country. A lot is a matter of taste, but whatever your - 29 -
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taste, you owe it to yourself to see what the world outside of your home country has to offer. A practical example: Official US census figures released in 2006 put at 34.5 million the number of US residents who claim Irish ancestry. This number is almost nine times the population of Ireland itself, and most of these individuals can claim Irish citizenship with a little effort. The US$1 billion estate of an Irish citizen dying in 2008 who lived anywhere in the world outside Ireland would pay zero gift and estate tax for all bequests going to beneficiaries outside of Ireland. Whereas the US$1 billion estate of an US citizen dying in 2008 who lived anywhere in the world would pay a maximum combined gift and estate tax burden of more than US$450 million! With an Irish passport you will get the proverbial Luck of the Irish.
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CHAPTER 6
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But for those readers who like to keep things very simple, there is another way that will cost you next to nothing in legal fees (For that reason, your lawyer is unlikely to mention this possibility to you!) And theres an added benefit to this method too in terms of asset protection during your lifetime. You simply put the money with a financial institution that accepts death instructions, in a tax haven that eliminates probate. There are no death taxes of any kind on foreign owned assets. Upon death, the bank will just pass your money or securities in full, directly to the chosen successor(s), with no extra formalities and no probate required. What if you dont want your kids to go out and spend it all at once? Still no complicated structures are required. Your assets can simply be managed by professional trustees at the bank for your successors benefit. No probate, no lawyers, no accountants, no taxes, and best of all no estate planning is needed. Wow, what a relief! A variation on this plan, if you dont want to invest everything via one bank, is to use an offshore corporation with bearer shares to hold all your assets. Leave the bearer shares in a safe deposit box at your primary offshore bank, and upon your demise, grant your heir sole access to the safe deposit box. You can also of course leave physical gold, diamonds and the like in the box too. Where do you find a bank that will accept death instructions? Ask around in the right places. Or ask Grandpa. Most banks that have a private banking feel to them will be able to help you. Even now, as of 2009, there are top flight European private banks that are happy to make such arrangements. I can make referrals for personal consulting clients.
IS YOUR MONEY TRAPPED IN A PENSION PLAN? Years ago governments in the USA, UK and elsewhere presented gullible citizens with the idea that they could set up pension plans to save money for their retirement, deduct it from income and let it accumulate tax free until a certain age when they could withdraw accumulated funds and capital gains at reduced tax rates. Too good to be true? At that time (way back in the 1970s) I predicted that the government would figure out ways to claw back any taxes saved over the years. I also predicted that such plans would not be truly 100% safe from creditors and plaintiffs lawyers. To avoid the heavy, double crossing hand of the U-Know-Who, I advised putting the funds and administration of any pension funds abroad. It was legal to do that in the good old days, but this loophole was soon closed for those who had not done it already. Well, I hate to say I told you so, but people who are starting to draw on their appreciated pension funds today are finding themselves saddled with regular taxes - 32 -
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and special penalty taxes that leave them with as little as 12% of their capital. Would you believe some people who thought they were very lucky and invested their money with great success are hit the worst? Dont believe me? A friend of mine faces an 88% tax bite! Of course, lets not confuse 1970 dollars with 2010 dollars here, either. Those of us who remember what we could buy with a dollar back in 1970 will understand what I mean. A California, Pacific Palisades house that cost $350,000 then goes for $20 million noweven in the slump. So the 88% tax bite is really just adding insult to injury. Is there a way out? Of course there is! Am I going to publish it here in a free report on the internet and have this loophole closed immediately? Of course not! But we do have several solutions for anyone with an IRA or other pension plan who wants to get his money out in full, tax free - to use it as he pleases. The answer is simple and will take me about half an hour to explain.
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CHAPTER 7
FOREIGN BANK ACCOUNT REPORTING REQUIREMENTS AND SIX LEGAL WAYS TO AVOID THEM
Many if not most expat Americans hold a few small accounts in different parts of the world without realizing that their aggregate value has now exceeded $10,000, due to the crash in value of the dollar. Recent media hype probably means it is unnecessary for me to remind you that US citizens and residents are required to file a Report of Foreign Bank and Financial Accounts (FBAR), Form TD F 90-22.1, each year if they have a financial interest in or signature authority or other authority over any financial accounts, including bank, securities or other types of financial accounts, in a foreign country, if the aggregate value of these financial accounts exceeds $10,000 at any time during the calendar year. How do the IRS define financial accounts? Very broadly these days. A financial account includes any bank, securities, securities derivatives or other financial instruments accounts. The term includes any savings, demand, checking, deposit, or any other account maintained with a financial institution anywhere in the world. But beyond simple bank accounts, Americans are also obligated to declare on this form securities (brokerage) accounts, holdings in mutual funds, and securities, derivatives or financial instrument account like forex trading accounts, debit and prepaid credit cards maintained with a financial institution, and even certain types of annuities or pension accounts. It doesnt matter whether the account holds cash or non-monetary assets such as gold (though there is a loophole around gold see below!) As Tax-News.com recently reported: There is nothing improper about setting up or maintaining such accounts, the IRS reassured taxpayers. However, IRS officials are concerned that US persons may overlook that their accounts are large enough to trigger reporting obligations. There are responsibilities that go along with owning such foreign bank and financial accounts, announced IRS Commissioner Doug Shulman, continuing: Foreign account owners must remember that they may have to report their accounts to the government, even if the accounts do not generate any taxable income. With this in mind, then, I thought it may be time to look at what kind of offshore investments do not trigger IRS reporting requirements. Here are six to get you started But remember, individual circumstances may differ. General rues do not always apply to everyone. Check with me before relying upon this advice. - 34 -
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1. Buy securities from an offshore bank or brokerage. While a securities account is reportable, you can still buy securities in the old-fashioned way over the counter from a bank, with a paper certificate issued in return. Store the certificate securely offshore. For avoidance of any doubt, the IRS website itself clearly states: Individual bonds, notes, or stock certificates held by the filer are not a financial account 2. Real Estate is the ultimate non-reportable investment. Or as one of our friends recently stated Its hard for the IRS to tell you to repatriate a house. Of course if you derive income from the property, for example by letting it, reporting requirements kick in. But the mere fact of owning a property that is sitting there increasing in value thereby protecting your wealth is not reportable. 3. Cash. Keeping money in an offshore bank account is reportable, but keeping cold, hard cash in an offshore bank is not! Just rent a safe deposit box and store banknotes in your preferred currency. Neither the box, nor the contents of it, are a reportable account. Most banks will require you to open an account first before renting you a box, but provided you keep the account value well under the $10,000 limit you dont have to declare it. For added security and confidentiality, hold it through a corporation... or rent a non-bank safe deposit box like the ones offered by Das Safe in Vienna, Austria. (Youll find much more detailed advice on this in Bye Bye Big Brother.) 4. Valuables such as gold coins, gold bars, or diamonds kept in a safe deposit are not reportable either. You can also expand on this theme with rare coins, rare stamps, artwork, even whiskey barrels or fine wines. 5. Warehouse or depository receipts. Certificates that represent a specific asset (typically precious metals) are not reportable. A certificate should provide for allocated storage that is specific bars, coins, barrels etc in a specified warehouse. A pooled account like those offered by Perth Mint is reportable as a financial account but specific gold bars represented as certificates are not. 6. Unsecured Loans The IRS website clearly states in its FAQ section that an unsecured loan to a foreign trade or business that is not a financial institution is not regarded as a financial account. Well, there are quite a few potential loopholes here, that we shall leave to your imagination for the moment
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CHAPTER 8
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3. Only one spouse has to travel. If you and your spouse are in consent about the divorce, only one spouse needs to travel and appear in court. The other can simply grant power of attorney to a lawyer that will represent him or her in court. In fact, in the case of Unilateral divorce in Haiti even this requirement can be avoided. 4. Offshore divorces are inexpensive. While some law firms and other businesses specializing in offshore divorce do charge substantial fees, in most cases youll pay approximately $2,000 to $5,000. This is a lot less than the costs involved in many lengthy, drawn out divorces. 5. Travel is one-time only. If an international couple opts to divorce in one or the others country of residence, someone is going to have to travel a lot. Trips back and forth between countries to attend court dates are very costly, not to mention time consuming and stressful. 6. Offshore divorces are easy. You can hire a law firm or other specialized business to handle virtually all of the details involved in your offshore divorce, including travel arrangements and lodging. 7. Child custody and financial issues can be settled quickly. Although you can obtain an offshore divorce even if you and your spouse arent in agreement about child custody and economic matters, its possible to settle them as part of your divorce if you prefer. 8. Widespread court recognition. Offshore divorces are recognized in almost all jurisdictions if both spouses agree to the divorce. 9. Great vacation destinations. Many places that offer easy international offshore divorces are great vacation spots, such as the Dominican Republic with its never-ending golden sand beaches and luxury all-inclusive resorts. 10. Confidentiality and privacy. An offshore divorce doesnt involve the spread of your personal information to various government agencies and the public. Normally in an offshore divorce, both parties must consent and not have any issues to squabble over. Again, youll find more on this in Chapter 71 of Bye Bye Big Brother. For more details see http://www.byebyebigbrother.net/bbbb
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