It’s tax season again and even more alarming than the thought of actually getting all that paperwork together and filing your taxes is the prospect of being audited by the IRS. Over 200 million tax returns are processed every year and even though less than 2% of these are audited, if it happens to you it can be a time consuming and intrusive process. It isn’t just this year’s…
Many offshore companies put into practice a series of strategic plans for minimizing the amount of taxes that they must pay. Choosing the appropriate strategy depends on what your company hopes to achieve. Transfer Pricing Transfer pricing is often used as an intermediate step between sellers and buyer in offshore trading strategies. Prices on exported merchandise or services from offshore countries are generally listed at the lowest possible cost; the…
Offshore Divorces Have you ever wondered if what you know about International Divorces, with or without your spouse's consent is accurate? Consider the following paragraphs and compare what you know to the latest info on International Divorces, with or without your spouse's consent. Those of you not familiar with the latest on International Divorces, with or without your spouse's consent, as written in the omonymous book publishd by Expats Ebooks,…
It seems that a new, unpleasant concept has just appeared for the British: “acceptable tax avoidance”. This was made known during the presentation of the United Kingdom’s Budget, which occurred in March of this year before Parliament. Special emphasis was made in this document on calls for “strategies against evasion.”Experts consider tax evasion as an unacceptable criminal offence; however, they have shown an enormous preoccupation because the British also consider…
Quite a few experts believe the new generations of free ports will be the solution for the development of various businesses that will be conducted in these “mini tax havens”. Free ports or free zones are areas with flexible jurisdiction compared to the country in which they are situated and have evolved as centers for commercial and manufacturing exchange.The new generation of free ports is usually built near airports and…
  Privacy can be defined as something we have the right to protect and conceal from others. There is a type of privacy that is very much linked to Tax Havens and offshore businesses that affects personal, tax, financial economic data called privacy in Tax Havens. Most governments, led by the United States, are passing laws and regulations to strengthen the fight against international terrorism, drug trafficking and money laundering.…
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