The goal of every business is to make as much profit as possible. The problem is that the more they make, the more they have to pay the government in taxes. That is why many companies move away. This brings about an issue of offshore tax and how the company should pay the country of [...]
Many big corporations are moving their production facilities to a different country to enjoy the cheaper labor they offer. This however brings up the issue of offshore tax. How should that company then be taxed and to which country should they pay it too. When a company is founded, it registers itself to a specific [...]
Since all of the hype against offshore tax havens has come about, many have been trying to put some of the focus on to one of the biggest tax havens in the world. The United States of America! Some countries have even gone as far as to request that the US open up states like [...]
It’s out and the cards are on the table! Madoff did not pay his investor from offshore bank accounts. Yesterday in his hearing, Madoff expressed that he used an account in Chase Manhattan Bank and not an offshore bank account to pay out investors who were withdrawing their earnings from their "alleged" investments. In all [...]
Congress has just passed a new spending US$410Billion dollar spending bills and Americans are opening offshore bank account services at one of the highest rates ever. This is one of the if not the largest spending bill to pass through congress. Many American citizens feel disgusted as well as betrayed by their government and lawmakers. [...]
There is all of this talk going around about the US going after and exposing offshore bank accounts. Let’s set the record straight and put some of the facts out there to settle the dust. First of all the US does not have jurisdiction over the world and every banking and financial institution in existence. [...]
Many people are not aware that the US is considered as the largest offshore asset protection and tax haven in existence. Due to legislation in such states as Delaware, Nevada, and the lack of taxation on funds deposited into a savings account, the US provides one of the best offshore legislation in the world. It [...]
