October 2008 Archives

During a Wealth Management Summit being held this week in Boston, Singapore and Geneva, private banking executives provided some investment tips.

Jennifer Tay, Citi Private Bank, Asia-Pacific Head of Portfolio Counselling

"We tell clients, markets are not going to stay down forever. There will come a time when you have very decent recovery and typically even when you look at the (past) since the 1950s, you had nine recessions and after a recession markets just spike upwards.

Continue reading Investment tips from private bankers

If you are an entrepreneur and thinking about doing business offshore, you are faced with a choice between an unincorporated branch operation, a foreign LLC or IBC or corporation that is treated as a foreign corporation for U.S. tax purposes or any of these entities that might be treated as either a disregarded entity or foreign partnership for U.S. tax purposes. In some cases, you might also want to have your foreign entity owned by a foreign trust.

On October 25th, three international tax experts from True Partners Consulting will join Vern Jacobs of Offshore Press at the Las Vegas Hilton Resort to explain these choices to those who attend. One of these experts is from England and will explain how the U.K. and E.U. tax laws affect the use of different kinds of entities.

Continue reading Offshore Investing Workshop

In a speech on the outlook for the world economy, OECD Secretary-General Angel Gurría spoke about the impact of the financial crisis and OECD's work to produce a more inclusive globalisation.

The financial system is a conveyor belt through which the economy works. And if the financial system is partially blocked or paralysed, as it is now, then the economy cannot work normally.

Continue reading: The Global Economy and OECD

Investors in gold are demanding “unprecedented” amounts of bullion bars and coins and moving them into their own vaults as fears about the health of the global financial system deepen. Industry executives and bankers at the London Bullion Market Association annual meeting said the extent of the move into physical gold was unseen and driven by the very rich.

Continue reading: Wealthy Investors Hoard Bullion