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Have checked the passport site brifly and can see it is more of the same:
1.If you are the Trustee you negate the impact of the Trust.
2.If you control the Trustee it is the same effect.
There are Gov't forms to sign which would ask these questions.
3.Getting the money offshore is another problem because transfers beyond
$10,000 are reportable.Do a lot of $9999 and it looks fraudulent.
There is a lot more but those hurdles are enough.
John
>From: "charles meyer" <chmeyer@xxxxxxxx>
>Reply-To: "charles meyer" <chmeyer@xxxxxxxx>
>To: <jvc689@xxxxxxxxxxx>, <realtraders@xxxxxxxxxxxxxxx>
>Subject: Re: [RT] TAX Reduction
>Date: Sat, 8 Apr 2000 13:31:32 -0500
>
>John:
>
>A notable exception may be: www.passporttrust.com
>
>Charles
>-----Original Message-----
>From: Dr. John Cappello <jvc689@xxxxxxxxxxx>
>To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
>Date: Saturday, April 08, 2000 1:10 PM
>Subject: [RT] TAX Reduction
>
>
> >
> >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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