Month: November 2015
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Chinese investors surpassed Canadians in U.S. Residential Real Estate
A hundred years ago, Amadeo Modigliani painted a portrait of his wild British mistress splayed across a red velvet throw, nude, her hips arched, her kohl-rimmed eyes shut. The artist was hardly trying to play it safe Paris officials promptly shut down the show where the work was first exhibited. By contrast, the purchase of…
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The True Meaning Of Thanksgiving
This time of the year, whether in good economic times or bad, is when Americans gather with their families and friends and enjoy a Thanksgiving meal together. It marks a remembrance of those early Pilgrim Fathers who crossed the uncharted ocean from Europe to make a new start in Plymouth, Massachusetts. What is less appreciated…
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Asset Protection for American Retirement Savers
U.S. DEPARTMENT OF LABOR RULE WOULD ADD URGENTLY NEEDED PROTECTIONS FOR AMERICAN RETIREMENT SAVERS OVERVIEW Every year, retirement savers in the IRA market alone lose at least $17 billion in savings due to conflicted investment advice. Today’s retirement market functions quite well for the broker-dealers, insurance companies, and mutual fund complexes that reap billions of…
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Standard Bank helps clients bank smarter offshore
Standard Bank Group has enhanced its banking app to allow Offshore Group customers access to their offshore accounts while they are on the move. The app allows account holders to view balances and transaction history on a smartphone, and also make cross-currency payments between their Standard Bank accounts. New features released in the future will…
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Automatic Exchange of Information: What can YOU do about it?
Taxpayers with offshore assets as well as financial institutions that hold them, will all face new challenges under the OECD’s updated Common Reporting Standard (CRS). The CRS, formally the Standard for Automatic Exchange of Financial Account Information in Tax Matters, seeks to establish a global methodology for the sharing amongst tax authorities of data in…