Tax Havens Today
The Benefits and Pitfalls of Banking and Investing Offshore
Anyone interested in “going offshore” in terms of their finances and investments needs
to understand every aspect of this process in order to succeed. No one knows this better than
international tax haven and offshore financial specialist Hoyt Barber. Fifteen years have passed since
Barber first published one of the most well-rounded guides to the financial benefits and pitfalls of
going offshore. Since that time, much has changed, yet little has been done to help you navigate this
attractive, but complex, environment—until now.
Filled with in-depth insight and expert advise, Tax Havens Today (ISBN #0-470-05123-X) arms you with the knowledge, strategies, and contacts needed to avoid expensive mistakes and make the most of your offshore endeavors. Divided into four comprehensive parts, this timely resource will bring you completely up-to-speed on a variety of issues that anyone must be familiar with if aspiring to go offshore.
Using Tax Havens Today as your guide, you’ll learn how to:
- Locate a diverse selection of offshore banking and investment options for any size investor as well as offshore tax planning and investment strategies.
- Reduce taxes, defer taxes, and invest tax-free, while simultaneously protecting your assets and planning your estate—all from offshore.
- Weigh the advantages and drawbacks of forty important tax havens.
- Use twelve proven criteria to make intelligent decisions on the best tax havens for your particular situation.
- Further pursue the exploration of tax-advantaged offshore retirement havens – and other countries with strong appeal to aspiring investors and expatriates.
Tax Havens Today also contains over 500 contacts, including names, addresses, telephone and fax numbers, e-mail addresses and web sites of the most important investment, banking, legal and financial advisors in the world—all divided by tax haven or other jurisdiction—and a brief description of their areas of expertise.
While governments may have the right to collect taxes, you also have the right to protect your financial sovereignty. Written in a straightforward and accessible style, Tax Havens Today will help you find everything you need to get started on the road to legally reducing taxes, sheltering assets, increasing profits, and living a better life.
Back Cover
Contrary to popular belief, you don’t have to be a millionaire to take advantage of today’s tax havens. In order to go offshore with your finances and investments all you need is the proper information and guidance.
Author Hoyt Barber is a renowned tax haven and offshore financial specialist, and in Tax Havens Today he draws from his own professional experiences to help you make the most of your offshore endeavors.
Divided into four comprehensive parts, this informative guide will help you:
- Avoid expensive mistakes and stay within the boundaries of the law.
- Reduce taxes, defer taxes, and invest tax-free.
- Discover lucrative investment opportunities available only offshore.
- Find and contact some of the most important offshore investment, banking and financial advisors in the world.
- Explore profiles of today’s top forty tax haven jurisdictions.
- Decide on alternative places to live or retire—over ninety expatriate friendly countries are profiled.
- And much more.
Filled with unparalleled knowledge and invaluable insights, Tax Havens Today will bring you completely up-to-speed on a variety of issues that anyone aspiring to go offshore must be familiar with in order to succeed.
Table of Contents
Tax Havens Today:
The Benefits & Pitfalls of Banking & Investing Offshore (ISBN #0-470-05123-X)
Preface
PART ONE: The Offshore Controversy
- Why Are So Many People “Going Offshore?”
- Whipping the Taxpayers Into Shape
- The Big Squeeze
- The Changing World of Tax Havens
- The International Dragnet
- The Global Laundromat
- The Tax Police
- Barbarians at the Gate
PART TWO: Building a Solid Offshore Financial Fortress
- The Benefits of Going Offshore
- Best Strategies for Going Offshore
- Personal and Financial Lifestyle Changes
- Expatriating
- The $80k Annual Loophole
- New Citizenship and Renouncing Your U.S. Citizenship
- Eight Ways to Sunday
- Residence
- Domicile
- Citizenship
- Marital Status
- Income
- Assets
- Beneficiaries
- Timing is Everything
- T-7 Tax Havens: The “Green List” of the World’s Best Tax Havens
- Switzerland
- Liechtenstein
- Austria
- Panama
- Nevis
- Belize
- Hong Kong
- Selecting the Best Tax Haven for Your Plans
- Tax Structure
- Political and Economic Stability
- Exchange Controls
- Treaties
- Government Attitude
- Modern Corporation Laws
- Communication and Transportation
- Banking, Professional and Support Services
- Legal System
- Secrecy and Confidentiality
- Investment Incentives and Opportunities
- Location
- Establishing an Offshore Presence Without Leaving Home
- The Overseas Mail Drop
- Creating a Legal Business Entity
- Offshore Business Structures
- The International Business Company (IBC) and other Offshore Companies
- Other Types of Companies: The Exempt Company; The Non-Resident Company; The Hybrid Company; The Liechtenstein Anstalte; Limited Liability Company; Offshore Partnerships
- The Offshore Bank
- Ship and Yacht Registration: “Flags-of-Convenience”
- Other Offshore Vehicles: Investment Funds; Insurance Companies; Offshore Internet Casinos; more
- Secrets of Offshore Banking
- Offshore Bank Accounts; Personal and Corporate
- Offshore Credit Cards and Debit Cards
- Tax-Free Compounded Interest
- Back-to-Back Loans
- Personal Asset Management
- Offshore Financial & Investment Strategies
- Offshore Managed Commodity Account
- Offshore Investment Funds
- Precious Metal Certificates
- Gold-Backed Electronic Currency
- Eurobonds
- Offshore Physical Storage; Offshore Safe Deposit Box
- Foreign Real Estate
- Offshore Estate Planning
- Offshore Variable Annuities
- Trusts, Asset Protection Trusts, Charitable Trusts, Liechtenstein Foundation, and the Anglo-Saxon Foundation
- Offshore Life Insurance
- The Offshore Will
- The Swiss Angle
- Swiss Bank Account
- Personal Portfolio Management
- The Swiss Annuity
- Premium Deposit Account
- The Portfolio Bond
- Tax-Deferred Gold Accumulation
- Tax-Free Money Market Account
- The Swiss Company
- Placing Your Assets Offshore; Avoiding Fraudulent Transfers
- Offshore Business
- Starting and Operating an Offshore Business
- Offshore E-Commerce Business
- International Tax Planning
- The Pentapus
- Controlled Foreign Corporation (CFC)
- Foreign Personal Holding Company (FPHC)
- Passive Foreign Investment Company (PFIC)
- Accumulated Earnings
- Reporting Requirements of U.S. Citizens
- Structuring
- Tax Treaties
- Offshore Privacy
- Offshore Caveat
PART THREE: Today's Tax Havens
- Introduction to Today’s Tax Havens
- Tax Information Exchange Agreements (TIEAs)
- Mutual Legal Assistance Treaties (MLATs)
- Profiles of Individual Tax Havens; Hundreds of Professional and Financial Contacts in over 40 Tax
Havens:
- Andorra
- Anguilla
- Antigua & Barbuda
- Aruba
- Austria
- Bahamas
- Bahrain
- Barbados
- Belize
- Bermuda
- British Virgin Islands (BVI)
- Brunei Daraussalam
- Campione (Italy)
- Cayman Islands
- Channel Islands: Guernsey & Jersey
- Cook Islands
- Cyprus
- Dubai (United Arab Emirates)
- Gibraltar
- Grenada
- Hong Kong (China)
- Isle of Man
- Labuan (Malaysia)
- Liechtenstein
- Luxembourg
- Madeira
- Malta
- Mauritius
- Monaco
- Netherlands
- Netherland Antilles
- Panama
- St. Kitts & Nevis
- St. Vincent
- Seychelles
- Singapore
- Switzerland
- Turks & Caicos
- Vanuatu
- Western Samoa
- Important Investment, Business and Legal Advisors—Contacts in Non-Tax Haven Countries
- Canada
- United Kingdom
- United States
PART FOUR: Resources—The Big Picture & Beyond
- What Next?
- Offshore Citizenship and Retirement Opportunities
- Dominica
- St. Kitts & Nevis
- Profiles of Retirement Havens and Foreign Residency, including Tourist Stay, Passport/Residency, Taxes, Embassy and Website on Andorra, Argentina, Austria, The Bahamas, Belize, Bolivia, Brazil, Campione (Italy), Canada, Chile, Costa Rica, Czech Republic, Dominica, Dominican Republic, Ecuador, Guatemala, Hong Kong, Ireland, Italy, Malta, Monaco, Netherlands, Panama, Paraguay, Portugal, Spain, St. Kitts-Nevis, Switzerland, Turks & Caicos Islands, Uruguay, United Kingdom.
- More Countries to Investigate
- Travel Destinations
- Offshore Reading
- Offshore Reference Works
- Newsletters
- Travel Books
- Travel Bookstores & Map Dealers
- Travel Information
- Financial Information and Business Opportunities
- Bank Resources
- Anti-Surveillance and Privacy Sources
- Books of Interest
- Publishers of Thought Provoking and Hard-to-Find Information
- Periodicals
- Real Estate
- Expat Information
- Expat Books
- Retirement Resources
- Health Insurance for Expatriates
- Organizations
- Online Resources
- Government Websites
- Government Publications
- Financial and Investment Service Contacts
- Immigration Services
- Worldwide Serviced Offices
- Overseas Mail Drops and Serviced Offices
- Offshore Financial Services
- Offshore Dossier: Your Passport to the World’s Last Frontiers of Personal and Financial Freedom
- Offshore Evaluation Service (OES)
- Author Biography