1. We suspect that a typical US provider would be proposing a life or annuity structure product and those are regulated individually by each state in the United States, have no Federal registration and are not always recognized by any foreign government. A typical U.K. provider would propose a UK life policy savings plan, but [...]
FATCA, or the Foreign Account Tax Compliance Act was passed as part of the HIRE act of 2010. Designed to take United States tax compliance beyond the borders of the United States and into foreign territories to prevent the loss of potential billions of dollars in tax revenue, FATCA tightens compliancy standards and increases transparency [...]
WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties [...]
Most of the bad word of mouth associated with offshore investment, tax havens and the like involves an interchange of the phrases ‘tax mitigation’ and ‘tax evasion’. As the focus of tax law in the United States and elsewhere turns to tightening a grip on ‘lost’ revenue from offshore investment holders (a seemingly punitive series [...]
The entertainment and news media paint a dark and shady picture of offshore investing but this is far from a normal occurrence. Most offshore investments are perfectly legal and may offer advantages over national investment. The simplicity of the term tells you that offshore investing takes place away from your country of residence. The purpose [...]
Physical gold storage offshore is in some cases being sold on the basis that the USA person does not need to report it to the IRS. There must be some risks in the purchase of physical gold that many people would not want to accept. Here’s is what one offshore advisor had to say about Offshore Gold [...]
