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Two Obama nominees (including Treasury Secretary Jack Lew) with offshore Cayman Island bank accounts. Where do you keep your savings accounts?
It's all about compliance today. Know Treasury/IRS compliance and you can integrate tax havens into your business and save a bundle in taxes too. Legal like! Wall Streeters do it every day! You just aren't reading about it.
Goldman Sach's Cayman operations
An offshore company that has no offices within the United States and does no business within the
USA doesn't have to file a US income tax return.
There are no long term or short term capital gains taxes on publicly traded stock market trades (i.e., BIDU, GE, F, GM, you name it) even if you use a US broker to facilitate the trades. That's the truth, and the US tax code backs me up. Trade as many trades a day (options, futures, stocks, bonds) as you want, and the IRS will not and cannot tax a foreign company that does not have offices "within the United States" and does not "do business within the US". That's the law. I've been offshore since 1990... I know. I wrote a book on tax havens and US tax law... I know.
Need good advice for your international operations? Hire us.
Need planning that really works to fend off the IRS?
I have 23 years experience.
We form offshore company and foreign trusts.
Over 1,130 offshore companies since 1995.
We can win with FATCA, because we know US Tax Code.
Holding companies based in tax havens make great estate tax planning vehicles.
Overseas agent - Anguilla registrar
54 Sandyport Drive
P.O. Box CB 11552
1 242 327 7359
Fax/phone: (242) 327-7359
MEASURED BY MY LAST TRADE: On April 3rd 2013 I purchased 10,000 shares of WFR (new company name is SunEdison) at $4.01 a share. Just 10 days later WFR trades at $4.76 - UP 18.7%. Today, June 2nd WFR (now SUNE) trades at $8 a share. Ouch!
On Tuesday April 9th, WFR was trading at $4.30 a share at 11AM in the morning. I decided to go for my walk and swim; but, as I sometimes do, I placed a "limit" SELL order for all 10,000 shares at $4.55 a share - just in case the stock took off in an unusual broad market rally (I.e., 150 point jump in the DJIA). Taking profits is always a good thing.
After returning from my walk an hour later, I noticed WFR (now SUNE) was trading at $4.40 a share, but WFR's stock was rising quickly before my eyes, and soon in a few minutes was sold at $4.55 a shares for a gain of 13.21% (+$5,400).
Taking profits this quickly is almost always the right thing to do, and I plan on Buying back WFR within the next few weeks if the gods are with me - and that was my strategy for WFR (now SUNE) from the very beginning. aSK FOR MY free "Weekender report".
WFR traded as high as $6.53 up 66.93 percent in under 40 days! Wow! How' did your best stock do last month?
In 2012 my real dollar portfolio of 10 stocks was up about 48% - led by HFC (22.3)(up over 150% since purchase of 2000 shares), TRW (33 - now 58.75 - 81.5%), EMN (35 - now 71.25 up 102%) MYL (17.5 now 28.29 - up 61%). Positions in all the above were closed out in 2012.
My most surprising winner was URI (29.58) purchased in July 2102. While I sold URI at 36.4 (for a 23% winner in 48 days), URI trades at $51 a share today - up 70 percent in 5 months.
7 of the 8 stocks I actually bought in the last 13 months are up over +45.7% in price.
Six of the 8 stocks I actually bought in the last 13 months are up over +59.15% in price.
Two stocks (out of 8) are up over 100 percent. HFC = 151.3% ...More + EMN +102.8%).
I had one loser in all of 2012 ABX (down 19%) - which I sold for a tax loss. All my other purchases were up.
How did your IPO purchases do last year? Groupon? Facebook? Zynga?
DID YOU KNOW?
Not everyone has to pay US capital gains taxes according to KPMG the IRS and me. "Trading in stock securities or commodities in the United States for one’s own account except in the case of a dealer does not constitute engaging in a trade or business. The volume of such transactions does not have any bearing on whether the nonresident is engaged in a U.S. Trade or business. For this reason a foreign investor is free to invest in the United States and trade for his or her own account through a resident broker even one with discretionary authority without fear of being engaged in a trade or business in the United States" - http://www.us.kpmg.com/microsite/ies/tfc/content/chapter3.htm
If you want to trade the US stock markets through a US broker and legally avoid CG taxes with a foreign corporation, call me.
Azzara Security Advisors Ltd.
Overseas agent Anguilla Registrar - since 2001
54 Sandyport Drive,
PO Box CB 11552
1 242 327 7359
Below are ALL my 2012 purchases (and sold!)... Followed by the price purchased.... Followed by the price today.
Had I adopted a Warren Buffet type strategy and just bought and held onto them I would have been ahead about +65.123 in 2012 vrs the DJIA up about 6%.
TRW was purchased at $32.5 a share in December 2011. TRW trades at 57.44 today. TRW is UP +76.6% vrs the DJIA up 8.9%.
HFC (HollyFrontier) was purchased at $22.3. HFC trades at $49.67 today. HFC is up +123.3% vs the the DJIA up 8.9%.
EMN (Eastman Chemical) was purchased at $37.3 a share. EMN trades at 71.52 today up +102.8%% vs the the DJIA up 8.9%
TEN (Tenneco) was purchased at 25.66 a share. TEN trades at 34.4 today...up +45.7% vs the the DJIA up 8.9%
MGA (Magna International) was purchased at 32.87 a share. MGA trades at 52.52 a share UP +59.15%
URI (United Rental) was purchased at $29.59 a share. URI trades at 51.27 a share today. URI is up +73%
ABX (Barrick Gold) purchased at $42 a share. ABX trades at 32.8 a share today down - 21%
MYL (Mylan labs) was purchased at $17.4 a share. MYL trades 30.5 today UP +74.55%
Note: Mylan labs was owned for only one month in /December 2011 for an +19% return.
Call me if you have questions.(242) 327-7359
Need a professionally drafted hedge fund prospectus for your clients? I have a fine one, and I can register a fund in the Crown/overseas territory of Anguilla for you.
Overseas agent - Anguilla registrar (since 2001) offshore companies and Bahamas banking since 1990 ... security analyst (stocks).
I covered Anguilla in my book - Tax Havens of the World (8 edition/Amazon.com) - and ironically ended up making it my new base of operations. Long story.
Contact us for a safe trip offshore!
Disclaimer: Readers are advised that the material contained herein should be used solely for informational purposes. This information is not investment advice or a recommendation or solicitation to buy or sell any securities. Readers should conduct their own research and due diligence and obtain professional advice before making investment decision. Readers are solely responsible for their own investment decisions. Investing involves risk including the loss of principal.
IRS Circular 230 Disclaimer: To ensure compliance with IRS Circular 230 any U.S. Federal tax advice provided in this communication is not intended or written to be used and it cannot be used by the recipient or any other taxpayer (I) for the purpose of avoiding tax penalties that may be imposed on the recipient or any other taxpayer or (ii) in promoting marketing or recommending to another party a partnership or other entity investment plan arrangement or other transaction addressed herein
Sell Side Research Analyst/Trader.
Stocks - long
New Providence; Bahamas
Azzara Security Advisors, Ltd. (Anguilla)
WHAT's IMPORTANT = The (MY personal) Real dollar return over 12 months (8-1-2011 to 8-1-2012) was apprioximately 49%.This REAL DOLLAR (not imaginary) portfolio was actually ahead almost 70% through the end of April 2012, when I made a poor decision on ABX - currently down 7%.Stock analysts that recommend a
stock for purchase (i.e., BUY - outperform), but don't buy or own the stock themselves, are short changing themselves and the rest of us, no matter how well their convictions are presented in their writings, and no matter how great his/her academic credentials. I'm careful when I try to read and apply their advice.Putting you money where your mouth is altogether very sobering. In August of 2011, I adopted what might best be described as swing trader/position trader - taking into account the market's fickle up and down giration, the economy, and just plain good stock analysis - looking for stocks that will advance sharply in price in a short period of TIME.Here's the results of my efforts - in real dollars. Actually, you would need to email me for the Charles Schwab trading confirmations, as it's too much of a hastle to reporduce all exactly. TRW (at 30.2 and 35) = up 54%.(4 months holding period)HFC (at 20.2) = up 50% (two months)Reliance Steel RS (at #% and 37) up 28% (two consecutive $100,000 trades - duration two months and a few days).Email email@example.com for the rest. I can send you a complete run down. Another big winner.. EMN purchased at $35.5/8 - sold at $46 = NOW trading at 58 a share. There were a total of 12 trades over the time period - all winners except one (PCS). All postitions were closed (Stocks SOLD).Since the end of April I have been mostly in CASH excepting a trade of URI (+23% in 45 days and sold) and ABX (-5%).
Tax Havens of the World ($90)
The following is a real review from someone that purchased my book.... "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." This review was by a book purchaser not the author. Cheers. see amazon.com for yourself.
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