Need an offshore sales administrative center in a tax free environment? - taxes
The 100 year old investment-banking firm of Warburg, Dillon Read (on Park Ave. N. Y. ) (now UBS Warburg) has offices in 39 exotic countries - as well as the Bahamas, the tiny Cayman Islands, Hong Kong and the Canal Islands. Makes you admiration why, doesn't it?
Under the U. S. Tax Code, only when a exotic company, alien trust or nonresident alien creature takes up lasting residence surrounded by the United States will he be area of interest to U. S. assets gains taxes in the same way as domestic taxpayers. For a corporation lasting residence would be a U. S. agency or warehouse. First city gains realized by external corporations and other nonresidents "not engaged in a trade or commerce in the United States" are exempted from tax under IRC Divide up 871 and IRC Divide 881 & IRC Division 897(c)(3). Moreover, U. S. Capital Set of laws Division 864-2(C)(1) & (2) provides an exemption for what embodies being "engaged in a trade or affair inside the United States". Under U. S. regulations, a nonresident's Stock Advertise transactions carried-out all through a U. S. stock broker, autonomous agent, or an member of staff are not measured to cause the nonresident to be "engaging in a trade or affair surrounded by the United States".
American taxpayers that use tax havens are compelling more risks (generally) than a external non-resident alien (not a US citizen). Whether an American civilian taxpayer will have a tax liability on the offshore band profits depends on a lot of effects - plus what kind of earnings is formed by the band (i. e. , Subpart F or non-Subpart F) and how many shares in the ballet company you own, and whether the offshore ballet company is a CFC - as clear in the Domestic Revenue Code in Sections 957 and division 958.
http://www. geocities. com/taxhavens123/bank_confidentiality. html
The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven
Want to know why and how the old monied Dupont Nemours and Roosevelt families were able to buy 4,000 acres of sea front assets on the island of Provindentcials in the tax free, crown colony (or "Overseas Territory") of the Turk and Caicos Islands for 1 cent an acre?
This 4,000 acre sale (now a harbor and remedy town - with an airport for jumbo jets (the $50,000,000 airport was donated by the UK government) went down in the 1970's - not the 1870's!?!?
Source: A Turks & Caicos Control 3 full page advertisement in Investor's Daily (1985).
Was this the most profitable real estate investment of the 20th century? A accommodate acre lot in the gated area of Sandyport here in Nassau, Bahamas sells for approximately $260,000 today. Half acre canal lots in Lyford Cay sell for about one million dollars.
Do the math. On an original investment of just $40, the 4,000 acre chattels might be worth approximately 4 BILLION dollars today.
Tom has lived offshore in the Bahamas for over 10 years. When I'm not operational on my newsletter, or with a client, I'm out swimming, diving or sport fishing in the sunny- tax-free Bahamas.
Call me at 242-327-7359 with your questions.
- 9AM to 5PM - New York time zone is best.
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