Book Description
Filled with in-depth insight and expert advice, Tax Havens Today arms you with the knowledge, strategies, and contacts needed to avoid expensive mistakes and make the most of your offshore endeavors. Divided into four comprehensive parts, this timely resource will bring you completely up to speed on a variety of issues that anyone aspiring to go offshore must be familiar with.
Customer Reviews:
Authoritative treatment of a timely topic.......2007-10-04
I have recently gotten interested in this topic due to world events. I bought this book and read it in one sitting--it is knowledgable and eye-opening. At no time did I feel the author was trying to "sell" me on anything...on the contrary the book reads as if the author is an expert in the field and simply wants the word to get out. Yes, his service is listed, but then, so are hundreds of other offshore experts--carefully presented according to their expertise.
In fact a colleague of mine contacted the author for advice and claims that the company handled him well and expeditiously regarding his request and order.
Apart from that, I believe that this work may be the best, if not the only timely report on the subject. If you want to know more, I would say it is a must-read, with the only intent to correctly inform on a topic that the "powers-to-be" may wish to keep covered up. Worth a look!
Becareful with this Author.......2007-08-19
The book is basically a plug for their financial service. I spent a lot of time corresponding with them and purchased one of their offshore banking packages. I had detailed my overseas residency situation and expressed concerns about their ability to match me with my desired banking product. They assured me that there would be no problems and if there were, I would get a full refund. Six months later, I have no Swiss bank account and no refund.
The Best on the Topic, and More.......2007-05-03
I recommend this book as a fascinating read to anyone, whether or not they are interested in minimizing their tax-load legally. (And who isn't?) But while this book delivers brilliantly on that score, it is also an authoritative, entertaining manual that serves as a wake-up call on the state-of-the world these days. It treats the both the big picture and the important details of offshore, and provides excellent contacts for not just legally avoiding taxes, but also for protecting one's assets, future, and indeed, one's personal safety and sovereignty. Further, this is not only the best book on the topic by far, but it is the only current book by several years. And the author truly knows his topic. Fascinating, excellent read.
Eye Opening.......2007-02-24
This is an eye opening book you must experience. Regardless of your politics, nobody likes excess and unfair taxation. Taxation without representation started the American Revolution, however the American Spirit is dead. We are the only industrialized nation that taxes our citizens living abroad. As I write this review, there is small business legislation in congress, hidden inside of that legislation is a law that would allow the IRS to tax assets of Americans who decide to expatriate to a country with less of a tax burden. A must read book. For additional information, visit The Sovereign Society website. In addition, The Patriot Act has allowed our government investigators to replace "probable cause" with "suspicion" when investigating your (the taxpayer's) financial privacy.
A Handbook for Paranoid Dreamers.......2007-02-05
Whatever practical advice this book offers is undermined by its paranoid anti-government tone: would you really contact - and entrust your money to - a financial advisor in a foreign country on the basis of a recommendation by someone who opens with dark warnings such as "Certain special interests in the world today are trying to close particular doors as we speak"? Or, "The trick is that governments with certain behind-the-scene agendas regularly redefine those parameters in an attempt to control their taxable subjects and hang on to revenues for support of their ever-expanding plans and budgets. As James Bond said, 'World domination, same old dream.'" (Page 3). If you're writing an adolescent spy-thriller, this book will be fine background. If you're planning an estate or have real financial responsibilities, look elsewhere.
Product Description
This book details the "Offshore Havens of the World" for those concerned with the security of their finances in these uncertain times. It is written by a premiere authority on the subject
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Havens in a Storm: The Struggle for Global Tax Regulation (Cornell Studies in Political Economy)
J.C. Sharman
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Tax Havens Today: The Benefits and Pitfalls of Banking and Investing Offshore
ASIN: 0801445043 |
Book Description
Small states have learned in recent decades that capital accumulates where taxes are low; as a result, tax havens have increasingly competed for the attention of international investors with tax and regulatory concessions. Economically powerful countries including France, Britain, Japan, and the United States, however, wished to stanch the offshore flow of domestic taxable capital. Since 1998 the Organisation for Economic Co-operation and Development (OECD) has attempted to impose common tax regulations on more than three dozen small states.
In a fascinating book based on fieldwork and interviews in twenty-two countries in the Caribbean, North America, Europe, and islands in the Pacific and Indian Oceans, J. C. Sharman shows how the struggle was decided in favor of the tax havens, which eventually avoided common regulation. No other book on tax havens is based on such extensive fieldwork, and no other author has had access to so many of the key decision makers who played roles in the conflict between onshore and offshore
Sharman suggests that microstates succeeded in their struggle with great powers because of their astute deployment of reputation and effective rhetorical self-positioning. In effect, they persuaded a transnational audience that the OECD was being untrue to its own values by engaging in a hypocritical, bullying exercise inimical to free competition.
Book Description
GOING OFFSHORE IS NOT FOR THE SUPER WEALTHY ONLY! DOCTORS,LAWYERS,ACCOUNTS, ATTORNEYS, EVEN YOUR NEIGHBOR COULD ALREADY BE BENEFITING FROM THE ADVANTAGES OF GOING OFFSHORE!
With over 50 Million lawsuits filed in the United States in 1997, it's no wonder that people are moving their money to safer ground. And it's not drug dealers and bad guys moving their money away, it's average people like you. According to the Federal Reserve, about 50% of the world's business each day is being cleared through offshore tax havens. "The Offshore Solution" tells you why this is happening and how you can benefit.
This is the most updated book out there on the offshore world. The author, Terry L. Neal will teach you how to protect your assets, take back your privacy, and lower your tax bill.
"The Offshore Solution" provides invaluable information to people with more than one source of income or an annual income of over $80,000. This book teaches the reader how to
Customer Reviews:
Terry Neal's reviewer also went to jail.......2004-07-18
The favorable review above of Larry Turpen must be seen in the light that Larry Turpen himself has just plead guilty to felony tax evasion.
Crooks of a feather flock together.
Aaron Young, the CEO of Laughlin International dba Laughlin Associates, also plead guilty along with Neal and will also be spending a year in federal prison
Terry Neal Pleads Guilty.......2004-04-14
Tue 13 Apr 2004 Street Wire
See (*BCSC) Street Wire
by Brent Mudry
Offshore financier, author and tax dodge promoter Terry L. Neal has pled guilty to conspiracy to defraud the Internal Revenue Service through a tax evasion scheme, largely relating to Exchange Bank and Trust, his Nevis-based brass plate bank which handled most of its clients' dealings
through the main downtown Vancouver branch of one of Canada's most reputable banks.
response to "A primer for jail time".......2004-02-13
The real crooks are those in The State who are stealing money from taxpayers via taxes (robbery) and inflation (thievery). I'd suggest that these crooks in the massive organized crime family known as the US Government are maliciously prosecuting T.L. Neal. I'd also note that an accusation does not mean someone is guilty, and that even if that is so, it is completely irrelevant to the advice given in this book (Dr. Atkins died of a heart-attack; that in no way impacts the debate on the health of his dietary plan). We should praise T.L. Neal for trying to help the victims of taxes and inflation.
The GOONS don't want you to READ THIS.......2003-05-04
This book is an extremely well written, lucid, compelling introduction to the "whys", "hows", historical-foundation, and MORAL bases of using "passive resistance" (as opposed to armed rebellion) to reclaim *your* life and *our* country from the welfare state and the statists who have kidnapped our Constitution. ...
Well, I have been reading the book and it has been a very pleasant surprise. Mr. Neal doesn't merely present the technical aspects of various privacy options, he presents a brief but extremely complete and fascinating overview of the history of money, the thinking of this nation's Founding Fathers, and how the Fed creates dollars "out of thin air" in order to collect additional taxes by stealth and help keep everyone subjugated...
Is THIS government what you want for your children? Our Founding Fathers risked there lives to give us freedom: economic as well as religious and political. They said things such as "Give me liberty or give me death" and "That Government governs best which governs least". They would be appalled at how their work has been perverted and how oblivious most of us are to what has been done to their work.
This is an excellent, fascinating book. Buy it. If there was an option for ten stars, I would give it ten. When you get chances to vote AGAINST *both* the Republicans and the Democrats, take them. Both of these parties worship Big Goverment. If you get a safe chance to choke off the funding of government, do it. The only way to stop the growth of this monster is to take away its food. Our Founding Fathers knew what would happen if government got unobstructed access to unlimited tax monies, as it has now obtained. Quoting from Mr. Neal's book, "Thomas Paine summed up these feelings [of the Founders] when he said: 'The punishment of a member (of Congress) who should move for such a law [as fiat money] ought to be death.'" So how come the statists are alive and Mr. Neal is in jail?
A primer for jail time.......2003-01-07
Jan 2, 2003... Offshore financier Terry L. Neal, in U.S. custody since last Friday in criminal tax evasion charges, has been denied bail on the basis of flight risk. In a brief hearing Thursday afternoon in Portland, Ore., duty Magistrate Don Ashmanskas in United States District Court for the District of Oregon cited Mr. Neal's extensive offshore dealings through Caribbean tax havens.
Mr. Neal was represented in court by defence counsel Ronald Hoevet of Hoevet Snyder & Boise, while the lead prosecutor is Assistant U.S. Attorney Robert Ross. Mr. Neal was supported in court by numerous of his seven children and 19 grandchildren. Mr. Hoevet confirms a detention appeal hearing is set for Tuesday, Jan. 7, before Judge Garr King, and he will seek Mr. Neal's release on his own recognizance, possibly with a condition of electronic monitoring.
Magistrate Ashmanskas also unsealed a criminal arrest warrant, in which the Internal Revenue Service claims Mr. Neal neglected to declare more than $7-million in penny stock trading income from 1994 to 1996 through accounts in Vancouver, primarily now defunct brokerage C.M. Oliver and the downtown Vancouver branch of Bank of Montreal. (All figures are in U.S. dollars.) Mr. Neal made his first court appearance on Dec. 27 before Judge John Delkerks, hours after being arrested.
Book Description
Tax Havens of the World (8th edition/2003) covers all the major havens, including the Caymans, Bahamas, Bermuda, Liechtenstein, Switzerland, Singapore, etc. The author has over 18 years reading and writing about tax havens and the US Tax Code that covers their use and abuse. Learn how non-resident aliens trade NYSE stocks, bonds, options and commodities - TAX FREE -legally - offshore like thousands of offshore banks and companies (IBCs) do!
Avoid federal income and estate taxes with the latest "trend" - the foreign offshore estate. US (domestic) estates - even with the repeal of the federal estate tax after 2010 - will still be subjected to Federal income and gift taxes, as well as State income, inheritance and estate taxes too! See page 254 of this edition.
The Bahamas, the Cayman Islands, Anguilla and Bermuda have no personal income taxes, no corporate income taxes, no capital gains taxes, no withholding taxes, no estate, gift or inheritance taxes, no sales taxes, no employment taxes, no death duties, and no probate fees. Guarantees against future taxes are provided by these governments for periods up to 50 years. Exempt trusts can receive a guarantee up to 100 years.
Customer Reviews:
Poorly Written Overview of tax heavens.......2006-01-11
I expected to get advice on the legality of establishing an offshore corporation. In particular, how to legally retain earnings inside the corporation.
Instead I got a very general review of many World Tax Heavens, a kind of information I could read on the internet for free.
The book is strewn over with useless bits of information. Do I really need to know the quality of beaches in the Bahamas?
Do not buy this book if you want useful guide to offshore copmany formation and tax planning.
Learn how wealthy american fleece the working stiff.......2003-11-28
I always get a couple of laughs when I see these 'tax haven' and 'offshore banking books' marketed to the general public as some sort of panacea for confiscatory taxation. As if some working stiff (like me) can swim up to the pool bar at the hotel in the Caymans and rub elbows with other 'tax refugees' and flip the bird to the IRS. GIVE ME A BREAK. This subject was a pet hobby of mine over the last 6 years and let me tell you that unless you are in the top 1% of income earning americans this book is useless to you. Unless you have a hundred thousand dollars you can blow in attorneys fees to set up your 'technically' legal International Business Corporation, and have a team of CPA's certifiy your tax returns 'assuring' the government that you 'really really' dont own the other 98% of your corporation you can not LEGALLY use the ideas contained in this book. If you wanted an explanation of how the international tax laws work, while at the same time how you could break the tax laws and hide and deposit money in a place like the Bahamas you can use this book. BUT, no matter what type of person you are, you ought to study tax havens for 5 years before you do anything, legal or otherwise.
You need five years to see that a good portion of the 'tax haven' world is nothing but an international racket filled with international con-men. While this book may be dedicated to Patrick Henry 'Give me Liberty and Give me Death' and the American resistance against BRitish Taxation, the persons and mostly corporations illustrated in this book do nothing but fleece the working stiff.
Reading between the lines, all the americans who had to leave the United States to live in these tax free jurisdictions did so because they broke a serious law and were facing jail time. Do you really think that when they got to Costa Rica they stopped operating their business. Between tax cheating felons, guys that welshed out on their spouses in divorce settlements, or people who were sued and are escaping judgments, the tax havens themselves are filled with criminals on the lam.
Case in point, this book mentions that American Doctors facing killer lawsuits often have bank accounts and monies in tax havens because they are judgment proof! Normally Doctors have this incredible thing called 'Malpractice Insurance' that pays out on claims. If a doctor is escaping a judgment it is because he did not carry malpracice insurance (that tells you about the doctor right there) OR the Doctor committed a serious crime, like a sexual battery, in the course of his professioal duties so that his insurance company disclaimed coverage. In either case I think the picture is clear. Remember OJ Simpson going to the Isle of Mann off of England during the murder trial ;)
Furthermore, over the past 5 years I have seen the IRS and Congress move steadily in the direction of stopping tax haven activity entirely. It is mentioned in this work that you cna get an offshore debit card that looks like a regular Visa or Mastercard. So in that manner you could spend your undeclared dividends and interest in the USA. Well that was great until the IRS subpoenad all the Mastercard accounts where the receipts were generated to credit networks set off in a few key areas. Now who do you think is going to be audited.
Furthermore, there have been some spectacular bank failures in these tax havens, and remember there is no FDIC. The oft touted bank secrecy laws in these countries are great until an enterpirsing government agency gets a back door plant in these institutions with Mr. Benjamin Franklin taking the lead.
Really, this book is the best on the subject of tax havens by far. In fact I think this is the only book that has a TECHNICALLY legal way for them to be used by a U.S. Citizen. The book is well written and appears to cover all the bases, but I assure you it does not. The book is similar somewhat to a prospecuts of a risky investment or tax shelter that a bunch of clever lawyers and accountants have come up with. Technical compliance with tax laws will most likely spare you criminal prosecution if you get called on it, but of course you can still be hit with civil penalties.
As an American you should be AWARE of the existence of this aspect of international finance. You should be aware that you have monetary escape routes in the event of disaster, and really, this book will open your eyes to a world 99% of america knows nothing about, but it is no 'everyone can do it' tax shelter. This is a corporate shell game, and I believe the recent Enron debacle involved the use of offshore vehicles to disguise losses and such, that fleeces the public. With sufficient thought, it is hypocrital in the first degree to think that by allowing corporate fat cats and high net worth individuals to park billions offshore and pay no taxes, we, the wroking public, are somehow 'getting back' at the IRS. The only person getting killed here is me. Nothing more.
I give this book 4 stars because it is the best book on the subject, and is a good read. While it is romantic and fun to imagine oneself parking millions of dollars into some royal bank in Monaco and relaxing by the pool for the rest of your life while you pay no taxes, this is a pipe dream a sales pitch of this, and other books like it.
Book Description
This book is a detailed listing of all the known and not so commonly known Tax-Havens, their benefits and their suitability for relocation by the low tax seeker. If you are looking for ways to cut your taxes, there is no better way than to relocate to a low or no tax haven. But as we have recently experienced with the South East Asian Tsunamis and earth quakes, it is prudent to carefully select this haven with more than low tax rates as a requirement. A must read for all who aspire to changing their lifestyles by relocating offshore. The havens are listed in geographical order starting with the USA and ending in the South Pacific Islands.
Customer Reviews:
Not As Expected.......2007-05-19
All this book does is briefly (and I mean briefly) go over tax laws in each country. The entire information could have been reproduced on a chart and not a large book - the book could have been useful if it was comprised of any analysis.
the ultimate guide to tax havens.......2007-01-16
This book is very thin on information and of low quality, although the book gives a list of every tax haven I knew of and some I didn't.The amount of information on them is appalling the pages are mostly white space, and photos are non exsistent. The page on panama and Central America had only a link to a web site, while most others had such brief information it was not worth reading some of the pages.
The book looks like it is compiled of copy and pasting of the internet and brief knowledge by the author anyone can find more information about these tax havens on the internet than this book provides.
This book is definitely not worth the money due to the lack information provided on some of these tax havens.
GCC.......2006-05-12
As I am moving to Bahrain, this was the first chapter read from the book.
When I saw that the Author had translated "GCC" as "Golf Corporation Council" I calmly closed the book, placed the book back in its original container and promptly returned the book to Amazon.
Although they do have a Golf Course in Bahrain, at Riffa, the correct translation for "GCC" is "Gulf Cooperation Council".
I cannot recommend any reading that would make such an ominous error.
Not great.......2006-04-25
This book is like a compendium of online information. A bit expensive for content provided. Don't expect more than a cursory overview of topic.
Excellent and highly recommended book........2005-08-01
I was blown away by "Tax Avoidance a Practical Guide for Uk Residents", the authors other title and decided to try this book "The Ultimate Guide to Offshore Tax Havens". The first thing I noticed about this book was its size. This is a big book, letter sized and almost 400 pages long. It sets out to achieve a seemingly impossible task, which is to list and comment on all tax havens on the planet. Whilst I can't be sure if it was successful at achieving this objective, I definitely know that it has covered 99.9% of these tax havens. Many of the havens I have never heard of and talking to my colleagues who specialise in taxation for some of these havens, I found that the information was accurate and up to date. They had never heard of many of the tax havens either, and all the havens they knew (even the secret and little known ones) were all listed. This is an excellent reference book on Tax havens. Highly recommended.
Book Description
An unknown realm to many investors, offshore finance allows giant corporationssuch as Wal-Mart, British Petroleum, and Citigroupto legally keep huge profits out of sight of regulators and the public. William Brittain-Catlin tells the story of how tax havens in the Cayman Islands and Malaysia have become central to global finance today. He takes us into the secret networks of Enron and Parmalat, behind international trade disputes, and into organized crime and terror networks, giving disquieting evidence that, through offshore practices, the key value of capitalism and civilization alikefreedomis being put in grave danger. Offshore is an unprecedented exploration of perhaps the most mysterious aspect of global society today, and one of the most provocative books about money and business to appear in the decade since the age of globalization began.
Customer Reviews:
Some Good Information, but Too Long and Divergent.......2005-12-26
Brittain-Catlin begins by observing that the Cayman Islands are the 5th largest banking center in the world, with over $700 billion in assets.
These assets, however, are largely not physically held on the island - simply notations in accounting books for the purposes of reducing or eliminating taxes. Corporations taking advantage of this include GM, ExxonMobil, Ford, IBM, Wal-Mart, G.E. (reduced its 27% '99 tax rate to 16% in '03), Citigroup (saved $778 million in '03 taxes), Apple, Enron, Halliburton, Tyco, Global Crossing, Long Term Capital Management, Global Crossing, and Enron.
"Transfer-pricing" manipulation is the main tax-avoidance mechanism afforded by offshoring. This involves corporations maximizing overseas production profits in a non-taxable offshore subsidiary.
Unfortunately, Brittain-Catlin seeming dwells forever on his basic facts, and even spends considerable time exploring the philosophy of Kant. (I tried reading Kant long ago - Brittain-Catlin's version was no more interesting.)
A flawed gem.......2005-10-03
Offshore is a solid attempt to explain the fact that modern capitalism has become dependant upon the offshore, largely unregulated, international financial system. The cost of making tax-rate shopping a profit center in a corporation's strategic plan when revenues land back 'onshore' is paid by all of us. Essentially multi-nationals are competing to see who can pay the least tax. In the end, this behavior is to an economy what eating your seed corn is to farming. Brittain-Catlin is sounding an alarm hoping public policy makers and the public will heed.
The author's prose is sometimes purple and his discursions into tangental topics is somewhat distracting, but on the whole, the book is worth reading for the very approachable manner in which it explains the history of offshore banking and how it ties into subjects such as BCCI, terrorism finance, drug money laundering, the 'private' bail out of the hedge fund LTCM, the capital flight that hammered Indonesia and other developing nations, and the collapse or corruption of companies such as Eron, Tyco, and Global Crossing.
After reading this book, the business news achormen chattering about the 'mood' of international capital will begin to make some sense to you.
Offshore: The Dark Side of The Global Economy.......2005-09-07
This is one of the most poorly written books I have ever read. It seems to be a compilation of news clips, some history, with pages and pages of endless, obstruse, mind-numbing attempts to tie corporations, offshore banking centers and governments into some sort of socialogical, philosophical analysis. Totally boring, informationally just about useless, wordy, diffuse, and a true waste of money and time....even a one star rating is too much....if you want to learn about offshore...don't try it here.....
An important glimpse in to the world of Money and Power.......2005-09-06
"Offshore" is a compelling and disturbing glimpse into the dark underworld of global money and power. It is extremely well-researched and comprehensive, covering international dirty-dealing and capital from Enron to Parmalat to LTCM. Very illustrative and thought-provoking.
A first-rate primer on International Capital and also a great read. Pay special attention to the segments on "the secret realm," where capital is free of all national identity and boundaries.
In addition the writing is very fluid, clever and witty. An important book.
A Primer on Offshore Banking.......2005-08-31
This is kind of two books in one.
On the one hand there is an explanation of how corporations basically avoid taxes by setting up perfectly legal tax shelters around the world.
The second part of the book is rather philosophical in tone, emphasizing the point of view that somehow these corporations shouldn't be doing this.
Way back when the Beatles were popular, I remember being surprised when I heard that they were really employees of a corporation set up offshore somewhere. The taxes in England at the time were something like 90%. Hey, it made good sense.
As I grew older I learned more about taxes, usually by having to pay them. But I also learned that there are limits to taxes at which it is more beneficial to find a way to not pay them than it is to make more money. Of course you want to stay on the legal side of the boundry, because jail is not a good thing -- ask Martha Stewart. Of course if she had done her stock trading with an account in Vanuatu or some place like that she almost certainly wouldn't have done jail time.
This book talks about what companies do to reduce their tax burden. And it's a pretty good primer on how to do it. His philosophical point of view is another matter. He seems to feel that there is something basically imporal about this. Be assured though, that the politicians and the tax authorities know all about this. Knowing that this will happen, they simply raise taxes a few percent.
Book Description
Discover the Personal Finance Secrets of the Super Rich
Is it possible to make multimillion-dollar profits outside the United States—without intrusion from the government? How can you protect your money and other assets from unfair lawsuits, greedy relatives, and even your spouse in the event of a divorce? The secret is to put your money to work where it will be secure and generate solid returns—in one of the world's many safe and legal offshore money havens.
In this completely revised edition of the runaway bestseller, leading financial expert Jerome Schneider shows you how to use the same international business strategies and tactics that have earned billions for America's most prestigious banks, corporations, and business people. He reveals various ways to enter the foreign markets, ranks the world's top offshore money havens, offers tips on how to avoid the common pitfalls of international business, and tells dozens of stories about creative men and women who have easily and successfully invested abroad.
A wonderful starting place for anyone ready to take the most essential step in profit planning, The Complete Guide to Offshore Money Havens is a goldmine of information for investors who want to protect their assets and watch them grow.
"A serious contender for the best book on offshore banking I've ever read."
—
Rep. Billy Tauzin, member of the U.S. Congress
"The book that you should consult to find the friendliest places for your money."
—
Stephen Moore, economic analyst, Washington, D.C.
"Written at a layman's level. I understood it and enjoyed it very much."
—
Gene Yount, North Carolina
"Excellent overview of offshore opportunities. It definitely makes one start to think about what exists outside of the United States."
—
Dan GoldFarb, Ohio (from Amazon.com)
"I cannot say enough about this book. I found it to be well written, informative, and up-to-date. Mr. Schneider comes across as sincere, forthright, and honest, with no BS."
—
David Bernstein, New Jersey (from Amazon.com)
Customer Reviews:
The author was convicted for giving out this advice..........2005-02-03
Don't waste your money.
The author is a sham artist. He was convicted, and in a plea bargain handed over his entire client list to the US Governtment. None of the advice in this book is legal or legitimate.
Author Is Going to Prison.......2004-11-30
Anyone who believes this BS is either really stupid or really naive. The author has been charged with defrauding the federal government, has agreed to a plea bargain, and will enter the U.S. District Court in San Francisco next month to plead guilty. As part of the plea bargain Mr. Schneider has turned over his client list to the IRS, complete with addresses, phone numbers and other information. Some tax advice: When something sounds too good to be true - it always is.
Gary W. Carter, author of "JK Lasser's Taxes Made Easy for Your Home-Based Business"
Tried it, book doesn't work........2004-05-04
I followed the book's instructions to the letter and tried to open a current account at three Singapore banks recommended in the book. Only one replied, saying I could only open an account denominated in US dollars or Singapore dollars, and not any other currency, contrary to what the book says. In addition, this bank wanted somebody already known to them to introduce me to them before they'd deal with me. This book is a waste of time and money. I'm now doing internet research to get the informmation I need to do what I want to do. It takes a lot more time, but I feel confident of success.
we have a winner for "Worst Investing Book"!.......2004-05-04
this book is the equivalent of the saturday morning "get rich quick" scheisters you see on TV (and incidentally, the author, naturally, pitches his wares at the end).
the advice in the book goes beyond being bad...its irresponsible, misleading, and negligent.
here's one of the author's brainfarts (paraphrased):
"open an off shore reinsurance company, and then with your domestic company, purchase insurance from your off shore company--that way the premiums are both tax-deductible and a source of profit at the same time!" ---and how exactly would this help you in event of a claim?
or better still (and i quote):
" (US) banks are in bad shape--worse shape, in fact (though none are provided---a common refrain in this book, claims w/o data!), than most foreign banks. Of course, your money is insured up to $100k by the FDIC, but what would happen in the event of a universal banking crisis? Federal agencies could never handle the massive run on banks that would ensue..." ---oh, so this is to imply that a small private off-shore bank is going to serve as the new financial risk-free rate determinant (setting all financial markets back 100+ yrs), and this small off-shore bank is going to be far safer than the US Govt (FDIC)?
this book is an insult to anyone w/ a critical mind. its beyond terrible. its a great way to lose money, whether you invest as he advocates, or simply throwing away your $30 to buy it.
A collection of bedtime stories.......2003-12-31
This book is poorly structured. The author reiterates the same concept of going offshore over and over again. He does not reveal any detail on how to do it. Instead, he gives you a great number of short stories that he had heard from someone else. This was one of the worst books I had ever read! Stay away!
Book Description
"Essays explore the origins of the current situation in global financial capital from the perspectives of economics, geography, international law, and international politics. Specific topics include offshore and the structural building of sovereignty, international banking and offshore finance, and offshore finance and citizenship. Includes case studies on tax havens, such as Malaysia, Malta, and South Africa. Mark P. Hampton is a senior lecturer in economics at the University of Portsmouth. Abbott is a lecturer in international studies at Nottingham Trent University." -Book News, Inc.
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- The Complete Idiot's Guide to Finance and Accounting (The Complete Idiot's Guide)
- The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS
- The Fair Tax Book: Saying Goodbye to the Income Tax and the IRS
- The Feelings Book: The Care & Keeping of Your Emotions (American Girl)
- The Greatest Story Ever Sold: The Decline and Fall of Truth from 9/11 to Katrina
- The Handbook of Employee Benefits
- The Lean Manufacturing Pocket Handbook
- The Naming of the Dead (An Inspector Rebus)
Books Index
Books Home
Recommended Books
- Business Law: The Ethical, Global, And E-commerce Environment
- Summer of the Sea Serpent
- Fire Away: Fielding Tough Questions with Finesse
- History: Fiction or Science
- Let Yourself Go: The Freedom & Power of Life Beyond Belief
- The Boleyn Inheritance
- Physiological Basis of Aging and Geriatrics, Third Edition
- eBay Hacks: 100 Industrial-Strength Tips and Tools, First Edition
- Fundamentals of Intermediate Accounting, Problem Solving Survival Guide
- Now and Then: The Poems of Gil Scott-Heron
How to Be Invisible: The Essential Guide to Protecting Your Personal Privacy, Your Assets, and Your Life (Revised Edition)
The World's Best Tax Havens: How to Cut Your Taxes to Zero and Safeguard Your Financial Freedom
The Ultimate Guide to Offshore Tax Havens
Using Offshore Havens for Privacy & Profit: Revised and Updated Edition
Asset Protection : Concepts and Strategies for Protecting Your Wealth
