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Turks & Caicos Islands are one of the premier tax havens in the entire world. Tax havens are almost always misrepresented and misunderstood but highly effective for those who are willing to establish a proper offshore structure. Debunking the offshore myths: Myth #1: Completely untrue! There are many tax advantages for any nationality in "retitling" a portion of your assets offshore. Think of it this way, as an American for example, you set up an American corporation. You have a mutual fund, currently in your personal name under your personal social security number. You "retitle" the registration of the mutual fund from your name and social security number to that of the U.S. corporation. Now, you will no longer pay personal income taxes on the income from that mutual fund, the corporation will. The difference in a tax haven is the corporation never pays tax. Myth #2: Completely untrue. The money is never here, only the registration. I most cases we can continue to use your trusted advisors in the country of your residence. Myth #3: Completely untrue! While it is true some of the longer established tax havens have relaxed their secrecy laws, most have not. Turks & Caicos Islands have strict confidentiality laws. Your assets that have been retitled offshore will be safe from government snoops and creditors in most cases. Everyone needs a haven from financial disaster (personal bankruptcy, seizure of assets from lawsuits, problems with government revenue collectors etc.) you have now found one. Myth #4: Completely untrue! While it is true that there is no shortage of those kind of people in world, most tax havens strictly control their professionals. In Turks & Caicos there are many attorneys and other tax professionals (including the two largest accounting firms in the world) to help you with any of your needs. Myth #5: Completely untrue! In many cases you can complete you entire "tax haven financial plan" for around $3,500 U.S. The last myths: You probably already know the answers to most of these questions. Offshore tax havens offer many advantages for almost all income levels but the service is very personal and the advice is very specific for each individual. Therefore, we can't send you a "one plan fits all" brochure. We will need to talk to you personally. Remember you can get information on almost anything in the country in which you reside but nothing is private. Your tax identification number is "tattooed" on everything for all the world to see. You want more of that? Why isn't everyone doing this? They are, what is stopping you! You have achieved some financial success, now is time to protect it (I know I ended a sentence in a preposition there was just not other way to make my point)! Why haven't your friends and colleagues told you about their tax haven structures? One of the main reasons for retitling assets offshore is privacy. Why would set up a structure and then tell the whole world, it defeats one of the purposes of the plan in the first place. Always remember, everybody needs some money they can truly call his or her own. What is your situation? Do you have any assets that are out of reach to anyone other than yourself? You can accomplish the task by retitling some of your assets offshore. E-mail for more information |
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FishingTCI.com -- Captains Mark Leathley and Darren Doonan fishing -- reservations -- activities -- travel info -- where to stay -- tournament -- weather -- photo gallery -- registry -- tax planning -- home |
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"Gwendolyn" is located behind Sharkbite Bar & Grill and Baci Ristorante Telephone: 649-946-5321 E-mail: Gwendolyn@Provo.net
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