• My Shopping Cart:
  • 0 items
  • View Cart
  • |

Your shopping cart is empty:

YOUR CURRENT SUBTOTAL

$0.00

Home > Media > Tax

Tax

Page 1 of 1

1

The Moral Case for Tax Havens

Friday, January 16, 2009 at 07:40AM | Post a Comment
 X 
Name
Comments
 


This Center for Freedom and Prosperity Foundation video demonstrates that low-tax jurisdictions offer millions of people around the world a safe haven from tyrannical and oppressive government. For this, and many other reasons, there is a powerful moral case for preserving and promoting tax havens. 

This mini-documentary is the second installment of a three-part series on the beneficial impact of low-tax jurisdictions. In addition to showing how tax havens promote human rights and individual liberty, the video exposes the hypocritical anti-tax competition efforts of statist international bureaucracies such as the Organization for Economic Cooperation and Development.

Click to Read More...

Categories:   Tax   Share Article

President Obama's Dishonest Demagoguery on So-Called Tax Havens

Wednesday, July 22, 2009 at 03:49PM | Post a Comment
 X 
Name
Comments
 

USA vs JEFFREY P. CHERNICK

Thursday, July 30, 2009 at 08:57AM | Post a Comment
 X 
Name
Comments
 

UNITED STATES OF AMERICA
v.
JEFFREY P. CHERNICK,
Defendant.
    
Release Date: JULY 28, 2009

                    UNITED STATES DISTRICT COURT
                    SOUTHERN DISTRICT OF FLORIDA
 
                         STATEMENT OF FACTS

The United States Attorneys Office for the Southern District of Florida, the United States Department of Justice, Tax Division, and the defendant, Jeffrey Chernick, stipulate to and agree not to contest the following facts, and stipulate that such facts, in accordance with Rule 11(b)(3) of the Federal Rules of Criminal Procedure, provide a sufficient factual basis for the plea of guilty in this case:
 
         OBLIGATION TO REPORT WORLDWIDE INCOME AND FOREIGN
                           BANK ACCOUNTS

United States citizens who have income in excess of a certain amount are obligated to file a federal income tax return with the United States Internal Revenue Service ("IRS"). On said return, United States citizens are obligated to report their worldwide income. Additionally, United States citizens who have an interest in or a signature or other authority over a financial account in a foreign country with assets in excess of $ 10,000 are required to disclose the existence of such account on Schedule B, Part III of their individual income

Click to Read More...

Categories:   Tax   Share Article

UK Revenue teams to examine finances of the very wealthy

Tuesday, August 04, 2009 at 12:40PM | Post a Comment
 X 
Name
Comments
 

If there was ever any doubt about who Western Governments would be targeting to pay for the massive bailout packages enacted the last few months, this recent article from Britain's Financial Times should help answer that question. In a nutshell, HRM’s Revenue Service is establishing special teams to target the 5,000 wealthiest taxpayers in the United Kingdom. You have to love the quote from the Revenue Service’s spokesman about these new units are there to ‘help’ the UK’s wealthy to pay the right amount of tax. We’ll be back tomorrow to show how the UK’s wealthy seem to be responding to this kind offer of assistance!


Revenue teams to examine finances of the very wealthy
By Sharlene Goff
Published: April 3 2009 17:57 | Last updated: April 3 2009 17:57
High earners could be pursued with new vigour by the tax authorities as specialist teams were set up this week to examine the financial affairs of some of the UK’s most wealthy individuals.
The new “high net worth unit” will identify the 5,000 wealthiest taxpayers in the UK and conduct thorough reviews of their financial dealings and assets.
Inspectors are expected to pay particularly close attention to

Click to Read More...

Categories:   Tax   Share Article

Tax havens buck European property slump

Thursday, August 06, 2009 at 01:31PM | Post a Comment
 X 
Name
Comments
 

A couple of days ago I wrote an article describing how the UK Revenue Service – HM Revenue and Customs – had established a special unit that would be targeting the wealthiest tax-payers in Great Britain. Excuse me, that should read “helping” the wealthy to pay the correct amount of tax. I think it was Sir Isaac Newton who established the rule in physics that every action has an equal and opposite reaction. Well, the article below, also from the Financial Times, shows how Britain’s wealthy have reacted to HM Revenue’s focus on them!

Tax havens buck European property slump
By Peter Garnham
Published: July 13 2009 10:33 | Last updated: July 13 2009 10:33
Most offshore tax jurisdictions within easy reach of Britain are bucking the European property market slump as wealthy Britons prepare to avoid UK tax rises, according to a survey released on Monday.
Click to Read More...

Categories:   Tax   Share Article

FBAR Requirements

Wednesday, December 02, 2009 at 04:46AM | Post a Comment
 X 
Name
Comments
 

As regular readers may recall, I recently wrote an article on the Bickmore case. This case involved a man in Utah named Kent Bickmore, who was actively promoting a fraudulent scheme involving Nevada and Wyoming corporations to evade US taxes. I pointed out that what Bickmore was proposing was so obviously “to good to be true� that any person who fell for his pitch was not particularly deserving of sympathy. The point is, there are fraudsters out there in the asset protection world, as in any industry, and people do need to use some basic common sense when choosing an advisor with whom to work.

However, I recently came across an article reminding me that even good people can unintentionally mislead. I subscribe to a free daily investing investing e-mail. The author is one of the better-known practioners in this field, has a solid overall track record, and overall seems (although I do not know him personally) to be a solid and ethical guy. However, in reading a recent article of his that touched on offshore strategy, I realized that even the nicest people can sometimes unintentionally mislead us.

The author usually writes purely about investing –

Click to Read More...

Categories:   Tax   Share Article

Tax Talk Asset Protection

Wednesday, January 06, 2010 at 10:40AM | Post a Comment
 X 
Name
Comments
 

Tax Talk – Asset Protection – Estate Planing

Click to Read More...

Categories:   Tax   Share Article

Obama's Attitude About Offshore Financial Centers

Wednesday, January 06, 2010 at 11:37AM | Post a Comment
 X 
Name
Comments
 

President Obama has had a dislike for offshore financial centers since he was a Senator.  He co-sponsored a bill called the Stop Tax Haven Abuse Act and it appears that his administration will pursue the bill in the near future.

President Obama pledged to crack down on “tax havens” during his election campaign.  He has vowed to investigate and put pressure on banking secrecy in over thirty-four jurisdictions that practice a high level of protection that may lead to tax evasion and fraud.

The then Senator Obama was a cosponsor of the Stop Tax Haven Abuse Act, which was introduced on February 17 2007.  A House bill was developed simultaneously, but no action was taken on either bill.  Obama aides have indicated that the bill may be resurrected.

Since the recent scandals with banks like UBS and the investigation into tax evasion coupled with the recession and the financial fall out, Senate Permanent Subcommittee on Investigations has placed a priority on international investigations of individuals with connections to offshore financial centers.  Similar pressure is happening in other countries.

The Stop Tax Havens Abuse Act would restrict the use of offshore financial centers by imposing that transactions between

Click to Read More...

Categories:   Tax   Share Article

Enter your phone number and we'll call you fast!

 - 

 -