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2018 Tax Solution for Offshore Private Equity

03 Jan
Solution for Offshore Private Equity

That means the top marginal rate of 39.6% applies to overseas passive income because the general tax rate deductions and the new participation exemption rules reductions do not extend to Passive income and gains. (See pages 4501 and 1297) Both changes to participation exemption and carried interest give reason for a Clean Nominee Bank Account […]

Current and Emerging Investor Threats for 2018

02 Jan
volcano lava cloud investor risk

HARRISBURG, Pa., Jan. 2, 2018 /PRNewswire-USNewswire/ — Secretary of Banking and Securities Robin L. Wiessmannhas issued a list of current and emerging threats facing investors in 2018, along with a reminder that in the age of technological innovation, it is more important than ever for consumers to take the time to investigate before they invest their money. The top […]

Regulations Call Out Beneficial Ownership of Trusts and Life Insurance

16 Dec
trusts and a whistle

The past global trend has been that life insurance or trusts based plans were set up offshore for the purpose to be an after tax contribution savings plan financed and administered through either an insurance company or trust company arrangement. In today’s automatic exchange of financial information annually reported they are not acknowledged tax and […]

Know-Your-Customer (KYC) for a Clean Nominee Bank Account

14 Dec
Know-Your-Customer (KYC)

Financial institutions fear to be wittingly or unwittingly implicated when they are used to settle, facilitate, or finance international trade transactions (e.g., through processing wire transfers, providing trade finance, and issuing letters of credit and guarantees). Implication is criminal prosecution for money laundering. Financial Action Task Force (FATF) rules extends to everybody and leads to […]

Rights of Taxation Offshore

06 Nov
anchor taxation

The purpose of a Tax Treaty is to define which of two countries has the rights of taxation. Good Reason to Transfer, without current tax consequence, your IRA, 401k and 401a into a FASDIRA; but first the education as to why you have reason: Upon retirement when there is a Tax Treaty with the USA […]

Bitcoin Value Rebounds After Another Split

27 Oct
Bitcoin

NEW YORK, October 27, 2017 /PRNewswire/ — Bitcoin price continued to recover on Thursday after the price took a recent dive due to the, “hard fork” that happened on Tuesday. According to data from CoinDesk, Bitcoin rose 3.6 percent to $5940.83 during Thursday’s trading session. Bitcoin, the largest cryptocurrency by market capitalization, went through a hard fork on Tuesday […]

EY Tax survey predicts tax reform likely within six months

13 Oct
Money, Dollars, Pocket, Bank, Income, Salary, Cash and tax reform

Nearly two-thirds of international tax professionals are preparing for transition to territorial system NEW YORK, Oct. 13, 2017 /PRNewswire/ — Seventy percent of respondents to a 36th Annual Ernst & Young LLP (EY) International Tax Conference poll indicated that they believe tax reform is likely to occur within the next six months and 63% are taking action to manage […]

Canada Overseas Retirement Plan and Hong Kong Pension Law

31 Jul
Hong Kong pension law

A specific type of Hong Kong pension law framework, when structured compliantly, can produce a cross-border financial structure that is government regulated, registered and recognized to reduce the cost of tax for cross-border investment into and out of Canada. A Hong Kong ORSO is after tax contribution with the idea that withdrawals after age 55 […]

The Netherlands is world’s biggest conduit to offshore tax havens

27 Jul
Offshore Tax Havens

‘Only five big countries act as conduit-OFCs,’ the researchers from Corpnet said in a new report. ‘Together these five conduits channel 47% of corporate offshore investment from tax havens, according to the data we analysed.’ The two biggest conduits by far are the Netherlands (23%) and the United Kingdom (14%), followed by Switzerland (6%), Singapore […]

Hong Kong ORSO Schemes for Overseas Retirement

30 Jun
Hong Kong ORSO Schemes

Knowing the differences in Hong Kong ORSO Schemes is what makes the difference because: OECD: Common Reporting Standard (CRS) disclosure facility to close in on retirement schemes in Hong Kong allegedly set up to circumvent CRS reporting. The OECD in May 2017 launched an online disclosure facility for information on schemes designed to or suspected to […]

Hong Kong ORS and CRS (Common Reporting Standard)

27 Jun
Hong Kong ORS

The Hong Kong ORS is not exempt from CRS/FATCA reporting; which means the ORS is not recognized internationally for deferral of income. ORS402(b) is an exempt from CRS and FATCA reporting exempt beneficiary financial account. WE provide the whitepapers to explain the difference between a Hong Kong ORS and our private label ORS402(b). Overseas Financial […]