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
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.
Customer Reviews:
Dated.......2007-08-25
This was a 5 star book when it came out and now it's a 1 star. Almost all the info in this book is now dated and obselete.
Somewhat Disappointing.......2000-10-04
I guess I was able to benefit from this book by default . . . I am intrigued by the topic. Goldstein provided satisfactory information to give the reader a conceptual understanding about how one would use offshore investments to protect assets, acheive greater privacy and avoid taxes, howerver, this was only provided in the last 4-chapters of the book. I am still trying to figure out which group of elementary school children he wrote the first 3-chapters for. The redundancy of the first half of the book, and its inability to better conceal what can only be described was a simplistic pep-rally to motivate the mentally challenged reader to go offsohre was boarderline insulting--more condescending than listening to Al Gore pay lip service to the middle class. If you have no conceptual understaning whatsoever of offshore investing, this is something you may want to pick up. As for myself, I am going to thank Mr. Goldstein for the introduction and the opportunity of spending $30 and move on to a more comprehensive and more specific work on the subject.
IF YOU LIKE TO SLEEP AT NIGHT.......2000-07-17
THIS BOOK GIVES YOU SIMPLE WAYS TO PRETECT YOU MONEY. PRETECT YOURSELF FORM LAWSUTES AND THE GOVERMENT. REQUIRED READING IF YOU WONT TO BULD WEALTH.
Wake Up! Protect Your Assets!.......1999-12-12
Updated July 2006 - Book is now outdated.
Why Go Offshore?.......1999-10-16
Many Americans wonder why anyone would want to take their money offshore. Some might reason that with news of the Dow rising to record levels, inflation being tamed, the unemployment rate standing at its lowest level in six years and the federal deficit being down sharply, that there is no real reason to go offshore. In spite of all the national good news, there are many legitimate reasons for moving money offshore. In a nutshell, all these reasons are based on the fact that offshore rules are different from domestic ones.
Since the French Revolution, the wealthy have moved money offshore to safeguard their assets, to make a decent return, and to avoid paying taxes on their gains. There are currently some 218 jurisdictions that offer these and other special incentives to foreign investors, and many are among the best places on Earth to vacation. For example, the Caymans, three lush islands 475 miles from Miami, do not levy taxes on personal or corporate income, capital gains or your overall wealth. On top of that, the islands' financial-privacy laws can protect your assets from creditors and people who might sue you. It is indeed no wonder why the main street of this tropical paradise is lined with branches of banks from New York City, Amsterdam and Geneva.
The US government frowns on you relocating your money offshore. If everyone could invest abroad and in secrecy and never pay a dime in taxes the federal government would go broke even faster than it already is doing. It is in no way illegal to take your money offshore, even though the government has done its part to try to persuade you to not do so. Although several reporting requirements have been instituted by the government for those who do go offshore, several excellent strategies have been developed to minimize or eliminate them, and for that matter to also minimize any tax effects that such a move might entail.
Furthermore, US citizens are generally required to report income from offshore investments and to pay taxes on this income. Once again, numerous strategies have been developed to eliminate these reporting requirements so that the government will not tax your earnings at a higher rate than if your money had never left home. It is important to understand that this excessive taxation is the government's way to discourage citizens from moving funds offshore because when you move your money offshore, the government loses control.
Some strategies include elements such as chartering your own foreign bank, insurance company, corporation, or establishing a foundation or trust. An offshore corporation, bank, or insurance company is as much a legal entity as you are.
Average customer rating:
|
How and why Americans go offshore: Profit, privacy, protection
Larry Turpen
Manufacturer: Haynes & Associates Pub
ProductGroup: Book
Binding: Paperback
 Business & Investing
| Subjects
| Books
| Accounting
| Audiobooks
| Biography & History
| Business Life
| By Publisher
| Economics
| Finance
| General
| Industries & Professions
| International
| Investing
| Job Hunting & Careers
| Management & Leadership
| Marketing & Sales
| Organizational Behavior
| Personal Finance
| Popular Economics
| Real Estate
| Reference
| Skills
| Small Business & Entrepreneurship
| Women & Business
Finance & Investing
| Finance
| International
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 0963909215 |
Average customer rating:
- No post 9-11 stuff, but still cool
- cool for the novice
- a useful text
- not exciting but surely useful
- Redefines the meaning of "boring"
|
Choosing an Offshore: Cybertax in the New Millennium
Michael H. Grosh , and
Eric R. Greif
Manufacturer: Orchard Hill Press
ProductGroup: Book
Binding: Paperback
Corporate
| Taxes
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
International
| Taxes
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
Tax Planning
| Taxes
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
Banks & Banking
| Industries & Professions
| Business & Investing
| Subjects
| Books
Strategy & Competition
| Management & Leadership
| Business & Investing
| Subjects
| Books
General
| Popular Economics
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| International
| Business & Investing
| Subjects
| Books
Investing
| Personal Finance
| Software
| Computers & Internet
| Subjects
| Books
Internet
| Home Computing
| Computers & Internet
| Subjects
| Books
| Internet & Education
| Online Searching
| Web Browsers
| Web for Kids
General
| Law
| Subjects
| Books
General
| Taxation
| Law
| Subjects
| Books
Finance & Investing
| Finance
| International
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 0968684602 |
Book Description
The Book is a pioneer in its approach to choosing and using offshore tax havens. It is an important tool for the professional and other interested parties seeking practical means for choosing an offshore. It looks to the essence of the choice, starting with what the user's needs are and progressing to what the user must look at. It also includes a detailed analysis of tax laws (featuring chapters on American, British and Canadian taxation law), Trusts, an overview of international law and implications of the internet.
Customer Reviews:
No post 9-11 stuff, but still cool.......2005-03-19
just bought my second copy as a gift to a client
although there is no anti-money laundering (after 9-11) material, as the text appears to have been written right before that, it is still an international standard in comparing tax haven locations
has an extensive section for Canadian investors, which is why i like it
reading is kind of on the dull side but it isn't meant to be a mystery novel but instead offers useful information using straight talk
cool for the novice.......2003-12-27
it was worth the money for this book because I now know not to believe the hype when searching for a proper offshore location country - helps you figure out what makes a place a suitable offshore site
a useful text.......2003-09-22
This is a great book - I would give a hint to potential buyers that I have seen this rather pricey good paperback seller over at Amazon.co.uk cheaper than at Amazon.com (via Amazon Marketplace), and it appears to be internationally available. Good hunting (for the book)...and then good hunting for a tax haven!
not exciting but surely useful.......2002-04-14
I was slightly intimidated because the previous reviewer (anonymous) gave it such a scathing review (stating it was boring and useless) - but I ordered it from Amazon nevertheless since it is so highly rated and a (according to a friend) best seller on the subject. OK, so it isn't the most exciting read on the planet, but useless? Hardly! I found that when I applied the information with the other standard books on offshore that it was extremely useful as a selection tool. There is a lot of information contained in the 300 pages. I suggest that if readers seek excitement that they go see a film. If someone wants a book about choosing an offshore tax haven (even if boring), this is worth the price.
Redefines the meaning of "boring".......2002-03-27
I was the struggling not to fall asleep the whole time. Terrible, dry language. Not a single practical piece of advice. I was bored to tears.
Book Description
Here is a timely, comprehensive, and invaluable guide to using offshore investing as a method of asset protection. From evaluating places in which to invest to avoiding offshore scams, this easy-to-understand book provides you with all there is to know about keeping the money you earn.
Customer Reviews:
A Good Start to Looking Offshore.......2007-03-21
This book covers most of your questions and describes the basics for banking and corporations established outside the US. It tries to give you the pros and cons of each type of company and a list of places to look into. While it may not be the only book you'll ever need, it does a nice job of detailing what you'll need and how to go about the process of offshore management of finances and protecting your assets. It would have gotten 5 stars if it had been more recent. Still, its' quite worthwhile compared to what else is out there.
An O.K. book.......2007-01-21
This book lets you understand the fundamentals of offshore investing to protect yourself from lawsuits and avoid unnecessary tax liability. It focuses on the legal way to avoid exposure. This book is worth the money, but nothing outstanding.
Dangerous Advice that could get you in trouble..........2005-03-23
Famous authors of several other books like this one, for example Jerome Schneider, have already been * convicted * of tax fraud and have handed over their entire client lists to the US Government.
There is no legal way of avoiding US Taxes through offshore banks, offshore trusts, or numbered accounts. These things are only good for:
1.) Asset protection
2.) Diversifying investments/access to greater variety of investments
and that's it. Be wary of advice in books like this one if you are using them to avoid taxes.
If you don't like paying high taxes, give up your residency, hand in your passport and get citizenship in a country with lower taxes.
Don't read at your peril.......2004-12-24
If you are looking for a "feel good" book that only gives you the sugar frosting about offshore without warning you about the many pitfalls, then this book isn't for you.
On the one hand, if your interest is learning about the realities of offshore banking and tax reporting for U.S. citizens, etc., the you will find this a good starter guide. It's also chock full of interesting stories based on Mr. Cornez's personal experiences in the offshore havens.
Pretty good book for newbies.......2004-11-25
This is a good book for teaching newbies the basics of how to go offshore, open bank accounts, and (perhaps most importantly) avoid offshore scams.
The book needs to be read in light of recent revisions to the Patriot Act and new currency transfer reporting requirements. Don't even think of going offshore if your goal is to try to hide money from Uncle Sam, since if your particular plan fails it will probably end up being felony tax evasion.
Average customer rating:
- bulletproof asset protection
- Bulletproof lacks technical application
- Good Book
- Could be called Asset Protection for Dummies
- This book is comprehensive, succinct and easy to read.
|
Bulletproof Offshore Asset Protection
Jim Bennett
Manufacturer: Jim Bennett Inst
ProductGroup: Book
Binding: Paperback
Personal Taxes
| Taxes
| Accounting
| Industries & Professions
| Business & Investing
| Subjects
| Books
General
| Business & Investing
| Subjects
| Books
General
| Personal Finance
| Business & Investing
| Subjects
| Books
Finance & Investing
| Finance
| International
| Accounting & Finance
| Professional & Technical
| Subjects
| Books
ASIN: 0966983904 |
Book Description
Discover how to protect your assets from unpredictable judges, armed street gangs of plaintiffs, lawyers and Robin Hood juries determined to redistribute wealth in Asset Protection Lawyer Jim Bennett's eye-opening new book:
Bulletproof Offshore Asset Protection
The Money Fortress for the New Millennium
by Jim Bennett
If you keep money or other assets in the United States, it's time to look at other options. Because the court system in this country is out of control. Today, if you keep all of your money in the U.S., you're asking for problems, and even the most powerful, most expensive lawyers may not be able to protect you.
In the U.S., the number of lawsuits is increasing 7 times faster than the population. The number of lawsuits now in our court system awaiting resolution has topped 100,000,000. For emphasis, I'll say it again. Right now, over 100 million lawsuits are literally choking the life out of our court system waiting for some sort of resolution. It's no wonder, for example, that federal judges in New York sometimes wait as long as 11 years to decide non-jury trials.
And that's not the worst of it!
Every year, plaintiffs file 30,000,000 new lawsuits. On average, that's over 82,000 lawsuits per day!
Lawsuits have become the plaintiffs' negotiating strategy, a bullying tactic they use to force you to pay money. You see, plaintiffs and their lawyers have learned that if they sue you, you will likely give them (at least part of) what they want. This is because the cost of hiring defense lawyers and going to trial has mushroomed beyond what many executives, professionals and businesses can afford.
So, plaintiffs conclude, "If we sue the defendant, one of two things will likely happen: Either the defendant will give us money to go away. Or we'll keep the defendant tied up in court for 2 to 5 years and then the jury will give us the defendant's money."
As you can see, in either case, the money comes out of your pocket!
Of course, you might win the case. But at what price? To win your case, you could easily pay six figures to your law firm. So in the U.S. today, even if you win, you lose. The price of lawsuits is so high that our court system is often the last place you'll find justice.
Who are the plaintiffs who can't wait to sue you? Just about anyone you can name. They include unhappy employees, clients, patients, customers, shareholders, investors, directors, partners, creditors, neighbors, friends, spouses and children. Anybody can sue you, if that person wants to. And many will.
To understand your attackers, let's look at what plaintiffs' lawyers have in common:
1. They love money. The more they stand to gain, the better they like it.
2. They love to gamble. They don't mind losing cases now and then because the winners far more than pay for the losers.
3. They love to fight. They don't mind wrestling with your lawyers for years in an effort to see who comes out on top.
4. They love to control. They will gladly spend weeks in depositions asking you tough questions so they can show you that they have the upper hand.
But, first and foremost, always, is the money. Money is the essential ingredient. If plaintiffs lawyers can't get your money, they won't waste one minute pursuing the plaintiff's case.
So the key to preventing lawsuits, the key to protecting your assets, is to make sure predator-plaintiffs and their lawyers can't get their hands on your money.
Here is all you need to know to protect your assets: If your assets are beyond the reach of U.S. courts, judges can't seize them, Robin Hood juries can't award them to a defendant, and plaintiffs' lawyers can't enforce judgments against them.
When plaintiffs' lawyers discover they can't get your money, they won't waste any time trying. Why should they! They can find someone else to sue who does have money in the U.S., which makes them a much more attractive target.
You want to know more, and you should. Because every day the problem grows worse. Every day creative plaintiffs' lawyers concoct new reasons to sue defendants. Consider this list of common reasons
Employment lawsuits arising from: Age discrimination. Racial discrimination. Gender discrimination. Religious discrimination. Pregnancy discrimination. Disability discrimination. Mental illness discrimination. Addiction discrimination. Sexual harassment. Peer harassment. Gossip among employees. Job references (good or bad). Whistle blowing. Retaliation. Wrongful termination. Negligent employee retention. Releasing medical information. Unequal mental vs. physical health coverage. Employee injury from chemical exposure. And much more.
Professional Malpractice lawsuits arising from: Medical malpractice. Legal malpractice. Psychological malpractice. Engineering malpractice. Architectural malpractice. And much more.
Business Liability lawsuits arising from: Environmental cleanup liability. Products liability. Shareholder liability. Securities fraud. Liability of outside directors. Liability from unsatisfied customers. Personal injury when a customer drinks too much and hurts someone. Personal injury when a customer slips and falls. And much more.
Personal lawsuits arising from: Divorce. Lawsuits by children. Lawsuits from business partners. Creditors claims. Accidental injury caused by a family member. Pregnancy (your son gets a girl pregnant). Personal injury caused by a drinking guest. Personal injury when a guest slips and falls. And much more.
If asked, your lawyer could probably come up with 100 more reasons people might sue you. The list seems endless.
And since the lawsuits will never end, and since plaintiffs' lawyers will never have enough money, you can (and should!) take one key step that will immediately cause lawyers to lose interest in you: Put your assets overseas, in a foreign protective country, beyond the reach of U.S. courts.
And to help you understand this fast-growing solution to the tidal wave of lawsuits, I've written this fact-filled book. I invite you to order your copy today.
Customer Reviews:
bulletproof asset protection.......2000-07-26
Clear charts, easy chapters, convincing arguments - yet not enough info on "how to"...I'm not sure that it is really necessary to complicate matters as much as he does. This book is mainly self-advertising and is clearly geared to very wealthy potential clients.
Bulletproof lacks technical application.......2000-03-07
This book is good and long on why and short on how. There's a basic diagram of the legal entities but doing it yourself is not part of this book. It can be read at a single sitting. There were a few very helpful ideas but I'd like to see a lot more concrete explanation on the 'how to'.
Good Book.......2000-02-22
Great book to get you started understanding the ideas of offshore asset protection. Liked the very simple but complete discussions. He was very upfront of his motiviations and also warned the reader that he also sells his services. Check out jim's website for further updates from what he wrote. The only difference between the book and the web site is at the web site, he suggested that $100k vice $500k in liquid assets. Highly recommended read. I only wish his rates are cheaper. Now only if I had the assets to protect.
Could be called Asset Protection for Dummies.......1999-09-01
Attorney, Jim Bennett makes a very convincing case of the need for offshore asset protection trusts in modern day America in his book entitled Bulletproof Offshore Asset Protection -- The Money Fortress for the New Millennium. If not for the rights to the name held by IDG Books, his book could have been called Offshore Asset Protection for Dummies. Like books from the IDG Dummies series, Bennett's book offers simple explanations to make this complicated topic easier to understand with the aid of graphics, illustrations and flow charts. Offshore investment neophytes are treated to a personal experience of the author that makes it blatantly clear why anyone with assets should be nervous in today's litigious world. Without giving away the story, one disgruntled employee can potentially ruin the retirement plan for any professional or company owner. One of the better introductory books on the subject of offshore business that I've reviewed. Matt Blackman - Goldhaven.com
This book is comprehensive, succinct and easy to read........1999-04-08
I liked this book because it gave me the hard information I needed without a lot of unnecessary fluff. It described precisely how these things work, and especially how they work when you get sued. Very comprehensive, yet succinct. Very efficient read. It was also understandable; no legalese, and every time the author used a legal term, he explained it in clear English. I didn't know anything about these things when I started and I feel like I understand them pretty well now.
Books:
- Understanding Variation: The Key to Managing Chaos (2nd Edition)
- Unknown Quantity: A Real and Imaginary History of Algebra
- Water Encyclopedia, Five-Volume Set
- Wildlife Issues in a Changing World, Second Edition
- Without a Map: A Memoir
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 10 Secrets to Successful Home Buying and Selling: Using Your Housing Psychology to Make Smarter Decisions
- 202 Things You Can Buy and Sell For Big Profits! (202 Things You Can Buy & Sell for Big Profits)
Books Index
Books Home
Recommended Books
- Hardwiring Excellence: Purpose, Worthwhile Work, Making a Difference
- The Secret Garden: Dawn to Dusk in the Astonishing Hidden World of the Garden
- Introduction to Aviation Insurance and Risk Management, Second Edition
- Plant Tissue Culture: Methods and Application in Agriculture
- The Colours of Infinity: The Beauty, The Power and the Sense of Fractals
- Virtuoso Pianist in 60 Exercises - Complete: Piano Technique
- The Food Revolution: How Your Diet Can Help Save Your Life and Our World
- Lucky Shopping Manual, The: Building and Improving Your Wardrode Piece by Piece
- Managing Multinationals in the Middle East: Accounting and Tax Issues
- The Lakestown Rebellion
Tax Havens Today: The Benefits and Pitfalls of Banking and Investing Offshore
Non-Resident and Offshore Tax Planning
The Ultimate Guide to Offshore Tax Havens
The Complete Tax Haven Guide: Financial Freedom Through Global Investing
How to Be Invisible: The Essential Guide to Protecting Your Personal Privacy, Your Assets, and Your Life (Revised Edition)
