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Are You an Un-Patriotic, Immoral Tax Cheat?
For those of you that follow the stock market, you certainly are aware that Facebook went public yesterday at $38 per share giving the company a valuation of approximately $100B or about 100x earnings. Imagine if you were to buy a local small business – like a car repair shop. This shop earns about $100k per year. If you were to pay a Facebook-like valuation, the business would cost you $10M! Using 100% of your profits, it would take 100 years to pay for itself. Does that sound like a good business decision? Companies like Google trade … [Read More...]
Escape to Panama – The Window is Closing
This week's newsletter will be short and sweet. First I want to let you know we have finalized the details on our conference, “Global Escape Hatch – Panama 2012”. Next I need to update everyone on some progress made toward obtaining offshore bank accounts, and lastly discuss my future travel plans. Offshore Conference. Today is your last chance to get on the early bird list before we launch ticket sales for “Global Escape Hatch – Panama 2012”. Starting tomorrow, Friday May 11, if you are on the early bird list, you will receive a … [Read More...]
Americans – The Global Black Sheep
The past couple of weeks have been a mad scramble for a handful of my clients. This is primarily due to a call I received two weeks ago from one of my favorite offshore banks. The call went something like this; “Hi Bobby, this is 'Mike' calling from 'We hate FATCA bank'. I want to inform you that as of this morning, we are no longer accepting American clients. Our bank president made the decision late yesterday that due to the increased pressure from the US IRS and the absurd FATCA legislation, we are no longer willing to deal with the … [Read More...]
American Asset Protection…Really?
You are probably reading the title thinking I have lost my mind. Your thoughts are probably something like this; “He promotes offshore asset protection as a necessity in these tumultuous times. How can he rationally recommend asset protection structures in the US?” While it is true, I do think offshore companies, offshore banking, offshore trusts and other options have an enormous amount of value for effective asset protection planning, there are several very good reasons to implement US domestic structures in your asset protection … [Read More...]
Money Grubbing Bureaucrats Among US
Last week's article titled, “The Criminalization of Cash – Orwellian Reality”, generated some interesting feedback. Most of it was supportive, which was to be expected since the majority of my readers subscribe because they agree with the viewpoints represented. However, one subscriber had a very different perspective. Actually he went so far as to threaten me and then insinuate my promotion of illegal and immoral acts. Below you can read his initial response to the above mentioned article: “What you seem to be proposing is … [Read More...]
The Criminalization of Cash – Orwellian Reality
I don't normally put out this many articles in one week, but this week has been very unique. For starters we launched our offshore conference, 'Global Escape Hatch – Panama 2012', where you can learn from experts on such topics as; international investments, offshore banking, asset protection, 2nd passports, data privacy, and more. We also made you aware of an opportunity to get in on the inaugural edition of 'World Money Analyst', where you can get access to boots-on-the ground research for unique investment opportunities from all around … [Read More...]
Kung Fu Steve Goes to Panama
Yesterday I have a very good conversation with one of my business partners. Steve and I are putting together our conference, 'Global Escape Hatch – Panama 2012' coming up in September. We have known each other now for just a few years, but he is one of the brightest, most energetic guys I know. If you have seen or heard any motivational speakers, Steve is basically a younger version of Tony Robbins. Steve is in process of closing a big transaction with his other business and once this deal is complete it will free up a lot of his time … [Read More...]
Happy Legal Theft of Americans Day – 79th Anniversary
Yesterday I had an interesting debate regarding a post I put on Facebook (yes, I know it's the destruction of privacy, Satan, mark of the beast, blah blah). Many of you may have seen it if we are already connected there, but for those of you that haven't seen it, this presents a disturbing trend amongst Americans. The post began as a picture that stated, “American troops come home...we need you to protect us from the government”. Of course there is a bit of irony in there as the US has essentially colonized the planet with military bases … [Read More...]
Senate Amendment Allows IRS to Revoke Passports
by Brian Mahany, Esq. Each day we lose more and more of our fundamental rights. Many of these rights were given up in the name of “national security.” It’s a very slippery slope. Scholars have debated the erosion of civil rights caused by the passage of the Patriot Act. A recent unanimous amendment to a Senate transportation bill may have just cost us the right to travel. Senator Harry Reid of Nevada was successful in amending a Senate highway funding bill to now allow the IRS to revoke or limit the passports of U.S. taxpayers who … [Read More...]
Asset Protection for the Entrepreneur
Frequently I work with entrepreneurs who have reached varying degrees of success helping them to properly structure their businesses in order to minimize risk, minimize the tax burden, and maximize their gain. Entrepreneurs are one of my biggest client groups. The reasoning is that while entrepreneurs are very focused individuals and highly driven towards success, they rarely, if ever, take the necessary precautions to protect their assets. As the focus is on the next contract, the next sale and the next deal, focusing on tedious details … [Read More...]
How to Boil a Frog, by Politicus Bumpkiss
How to boil a frog, by Politicus Bumpkiss: Allow many tax breaks to expire quietly like; Alternative minimum tax (AMT) -- A series of temporary legislative "patches" over the last several years has prevented a dramatic increase in the number of individuals subject to the AMT--essentially a parallel federal income tax system with its own rates and rules. The last such patch expired at the end of 2011. Unless new legislation is passed, your odds of being caught in the AMT net greatly increase in 2012, because AMT exemption amounts will be … [Read More...]
The Golden Age of Entrepreneurship
Today's asset protection newsletter may be a bit philosophical for some, but bear with me it has practical implications. Or don't bear with me – the delete key is on the top right. On my radio show this week, “Global Escape Hatch”, I discussed my views on corporate statism and how I am extremely optimistic about the future. I am sure you just read that sentence and thought, “How can he be optimistic about corporate statism.” Let me explain. The 20th century is well known as the industrial revolution. This is the time when oil … [Read More...]
That Would Never Happen in the US
The past couple of weeks have been a bit of a whirlwind trip mostly back in the US with meetings and visiting with family and friends. I even had the opportunity to speak at an event about offshore asset protection and developing your own Geo-Arbitrage strategy. I am wrapping up the trip today and heading back to Europe tomorrow. Honestly I am really looking forward to getting back home. While I certainly enjoy spending time with friends and family the work is starting to pile up. Considering my firm's increase in workload recently, it … [Read More...]
Are Your Friends All Douchebags?
Over the past week, I have been at a small conference in Phoenix attended by a small group of entrepreneurs from around the US. Attendance is small at less than 30 people, but very powerful. It is a unique event where all attendees are required to present a topic within their area of expertise. I discussed a topic near and dear to my heart, “Developing Your Own Geo-Arbitrage Strategy”. I shared my ideas about planting multiple flags explaining the benefits and freedom that can be achieved through internationalization of yourself and your … [Read More...]
Using Geo-Arbitrage to Stop the Acceleration of Destruction
After last week’s asset protection newsletter, “The United Corporate Statism of America”, the resulting backlash from readers was to be expected. It seems some people, regardless of the clear patterns in government today, remain sheeple and think the president deserves a certain level of respect exclusively linked to his position of power. It just seems strange to me that people think the Obamessiah deserves respect solely because he was elected as president. My viewpoint is that no one deserves respect, but must earn it from those … [Read More...]
