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CORRECTION.
>
>Collective Investment Scheme is the legal denomination.
>
>
>>I have to confess I do not understand what you mean when you say 'a
>collective
>>investment scheme (in the Channel Islands, for example)'.
>>
>>Who is making the 'investment' decision for the scheme, and, more
>importantly,
>>where is he located? If the decision maker is in the US, I would think it
>hard
>>to claim the 'scheme' is in the Channel Islands, but not in the US, for
tax
>>purposes.
>>
>There are several ways around this. You (Dan), for example, could be
engaged
>on a contract basis to GIVE ADVICE, which would be
>little more than taking advice from a newsletter. The board of Directors
>would then act (or not) on your recommendations. You would be paid a fee
for
>this which would be taxable under US law. However, the profits earned by
the
>investment remain those of the company until granted as dividends.
>Just a quick thought in answer to your question. As I said before each case
>has to be studied on its merits, and demerits.
>Regards,
>Gram.
>>Regards
>>DanG
>>
>>Gram wrote:
>>
>>>
>>> >In other worlds, it is hard to cheat the taxman in the US, even when
you
>>> >go abroad.
>>>
>>> Also not so straightforward. It is not a question of cheating, not a
>>> question of evasion, but a question of planning - organizing your
affairs
>>> (fiscal and none) in a suitable to you and the taxman.
>>>
>>> A collective investment scheme (in the Channel Islands, for example)
>could
>>> manage money from there trading in most exchanges (futures, options,
>forex,
>>> etc.) The problem arises when the members take their share of the
>profits.
>>> How much they can keep personally depends on where they physically
reside
>>> (and oone or two other factors).
>>> Of course, this is summary, as each case needs to evaluated on its own
>>> merits.
>>> What is erroneous is the notion that the IRS (or anyone else) can stick
>its
>>> nose, willy nilly, into the running of a company based in another
>country,
>>> especially if it is run in line with that country's laws.
>>>
>>> Double tax laws are of course to be taken into account where
>approporiate.
>>> >Regards
>>> Gram,
>>>
>>> >DanG
>>> >
>>> >
>>> >
>>
>
>
>
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