Category Archives: tax avoidance
Avoiding US Gift taxes, Estate taxes and Capital Gains taxes with offshore companies domiciled in no tax havens.
I’ve been offshore in the Bahamas since 1990. We formed over 1300 foreign companies (FC) in no tax havens just like Microsoft and IBM. Today, if you don’t plan to file the right IRS information forms, there is a 90% chance the … Continue reading
IPO’s and Offshore private family owned hedge funds – NO CAPITAL GAINS TAXES is the attraction.
Wall Street firms love the offshore tax havens and use them all the time – every day – to completely avoid capital gains taxes. The money doesn’t even have to be sent offshore, but can remain in the same bank … Continue reading
PLAN CAREFULLY! The Federal Estate Tax exemption for US citizens is $5.45 million in 2016, but foreigners get NO FET exemption – excepting just $60,000.
According to JPM, a Foreign Corporation (FC) can avoid the entire US Federal Estate Tax (FET), but a foreign individual would get clipped of about 40% of his US stocks, bonds, homes, land holdings, and other US situs property by … Continue reading
Posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning
Leave a comment
OFFSHORE PRIVATE EQUITY COMPANIES: How to file new IRS Form 8621 for a Qualified Electing Fund or Passive Foreign Investment Company – It’s mandatory for tax years 2014 and beyond.
http://www.theguardian.com/world/2012/aug/23/gawker-mitt-romney-offshore-accountsThere are approximately 480,000 active offshore companies in the BVI and about 100,000 offshore companies registered in the Cayman Islands. I estimate that over 95% of these offshore companies meet the IRS definition of a Passive Foreign Investment Company (PFIC) … Continue reading
Posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning
Tagged Bahamas, capital gains, CFC, FATCA, havens, incorporation, Passive Foreign Investment Company, PFIC, QEF, Qualified Electing Fund
3 Comments
Offshore Company Formations/Banking Bahamas
We have formed offshore International Business Companies in the Bahamas and Anguilla since 1990. We formed over 1,030 Bahamian companies and over 350 Anguilla companies. We are overseas agents for Anguilla registrar since 2001. Avoid the problems that UBS’ U.S. … Continue reading
Posted in bahamas, capital gains taxes, companies, financial, formation, tax, tax avoidance, tax planning, Uncategorized
Tagged Bahamas, banking, company, financial planners, formations, havens, ibc, incorporation, offshore
5 Comments
Free Consultations
Reach Tom Azzara at 1-242-327-7359 or email: taxman@batelnet.bs for information. Free consultations.
Posted in capital gains taxes, financial, tax, tax avoidance, tax planning, Uncategorized
Leave a comment
There are over 500,000 active IBCs registered in the British Virgin Island and over 100,000 “exempted” companies in the Caymans. Goldman Sachs (Cayman) Trust, Limited operates as a subsidiary of Goldman Sachs (Cayman) Holding Company. Why?
Need a tax haven? https://www.linkedin.com/pulse/partners-associates-wanted-thomas-azzara?trk=pulse_spock-articles JPMorgan/Chase writes on U.S. Estate taxation: “Because stock of a foreign corporation (in a no tax haven) is not subject to U.S. estate tax, holding U.S. situs assets through a foreign corporation constitutes a planning … Continue reading
Posted in capital gains taxes, financial, tax, tax avoidance, tax planning
Tagged anguilla, capital gains, CFC, FATCA, financial planners, Form 8621, havens, ibc, international, investing, irs, legal, Mitt Romney, offshore, Passive Foreign Investment Company, PFIC, Qualified Electing Fund, tax, taxes
18 Comments
$1.2 trillion dollars on deposit in Cayman Banks - up 10% in 2005 says Cayman Government? 