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I would tend to agree with John. Let's take the solution they offer on the
site you (Charles)highlighted: one example talks of having Protection From
Lawsuits by having your property purchased and held by a Trust. Some
companies (France is a notable example; they have now slapped Corporation
tax. and annual taxes (I seem to remember about 3% per annum on the
estimated value of the property) on such activites. Perhaps they cannot be
seized (and this might not always be the case), but the cost of the
enterprise mounts up.
I prefer John's solution. In most European countries, if you physically live
183 days per year out of the country you are interested in, you are offshore
to all effects.
Regards,
Gram.
>John:
>
>A notable exception may be: www.passporttrust.com
>
>
>
>>
>>There was a thread recently about tax havens and the like.Having
researched
>>this for 3 years and owning a Panamanian Corp on the shelf for when I
>decide
>>to move, beware this land mine.
>>
>>It is very difficult to legally operate offshore via trust/corporation or
>>otherwise mostly because you will ultimately find a government form that
in
>>order to qualify you will have to lie.You may go many years paying no
taxes
>>but when you get caught you will have no recourse.Being physically
offshore
>>is the only impeccable non-ruse way.
>>
>>I would challenge anyone to prove otherwise.
>>
>>Lastly one of the best ways I have found is to invest with oil drillers
>with
>>a track record in re-invigorated fields.You get the expense write-off the
>>year you invest plus sheltered income from the oil production.There are
>many
>>drillers with a 50% to 75% success rate in known fields.
>>
>>Sincerely,
>>
>>John
>>______________________________________________________
>>Get Your Private, Free Email at http://www.hotmail.com
>>
>>
>
>
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