Why Incorporate an Offshore Tax Haven Company? An Offshore, International Company is commonly set up in a tax haven like the British Virgin Islands, Bahamas, Caymans Islands etc, where there are no corporate or personal income taxes, capital gains taxes, reporting requirements, or restrictions on company employment policies. As the “world” becomes global, fewer businesses … Read more
Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking to capitalize on the hidden value in their life insurance plans. Policy holders need to know what the tax implications are for coverage payments in advance of … Read more
In this era of heightened awareness of human rights, the title looks like a blasphemy, but bitter truth is often more repugnant than fiction. For instance, presently, a slave costs 1/38th of the price 160 years ago, making the business very profitable with a ROI of 8 times. Throughout history (and even … Read more
Co-authored by Jordan L. Eftekari, Esq. (1) Introduction On November 2, 2007, the Wall Street Journal published an article: “Got 0,000? The U.S. Awaits (Government’s EB-5 Program Offers Foreign Investors Green Cards for Job Creation)”. A Federal program known as EB-5 (Immigrant-Investor Visa), administered by the U.S. Citizenship & Immigration Services (“USCIS”), encourages foreign investors … Read more
Everyone breathed a sigh of relief when the tax cuts were extended at the end of last year for another two years. Although it is good for real estate investors that the maximum federal capital gains rate will remain at 15% for the next two years, savvy investors know that they really pay much more … Read more