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Oggetto: R: [RT] Re: TAX Reduction
>Yes. But without going into it in detail, you will find that most offshore
>companies can do anything (commerce, production, consultancy, etc.) except
>operate as BANKS or INSURANCE COMPANIES. There are tons of regulations and
>the existing big boys will do everything in their power to stop you - at
>least in locations where the reputation and image is good. The Financial
>Commission in the C.I., for example, applies the four eyes policy to
>newcomers which means that you (and the person who guarantees for you, and
>vice versa) have to be whiter than white.
>It may be a litte easier in rather dubious locations but that tends to
>defeat the object.
>Gram.
>-----Messaggio originale-----
>Da: Michael Ferguson <wl7bdn@xxxxxxxxxxxxx>
>A: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
>Data: 09/04/2000 00:06
>Oggetto: [RT] Re: TAX Reduction
>
>
>>WAIT! DON'T DELETE!
>>
>>One line of inquirery I pursue occasionally is establishing an offshore
>>bank. While the legal ins and outs of this are most likely a minefield, it
>>is possible. I am thinking of starting a development bank that makes
>>microloans to budding businesses. And naturally has a forex and hedging
>>desk. So far it seems like it gives me the most control of my money, but I
>>do not have enough information to conclude anything. Has anyone delved
into
>>this?
>>
>>
>>Michael
>>
>>
>>
>>----- Original Message -----
>>From: "Dr. John Cappello" <jvc689@xxxxxxxxxxx>
>>To: <realtraders@xxxxxxxxxxxxxxx>
>>Sent: Saturday, April 08, 2000 12:18
>>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
>>| ______________________________________________________
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>>|
>>|
>>|
>>
>>
>>
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