Customer Rating: Summary: Understanding Tax Havens Comment: Millions of Americans spend their lives working to make an honest living only to see a large percentage of their earnings go to taxes. The funding used to operate this nation's programs may in some ways be admirable, the fact remains that many of those dependent on such programs spend their lives taking contributions instead of bettering themselves to put the pressure off of the everyday worker's pockets. Being overtaxed has in part been responsible for the lack of extra money used for our own healthcare, trust, mortgage payments, or savings. Some people work over 30 years with dreams of retiring in a place that they own, traveling or moving abroad, or simply having the funds to take care of their family in times of need. Legal Offshore Tax Havens: How to Take LEGAL Advantage of the IRS Code and Pay Less in Taxes gives you an in-depth look at the advantages and disadvantages of legal offshore tax havens.
This book clues you in on the specifics of offshore tax havens including its history, the risks involved, and the types of offshore investments that are relevant to you. It is important to know the qualifications needed, along with loopholes, and the various aspects of income. Be sure about your life plans as well as the country you live in, for this process is critical. A chapter is also devoted to global investing, which can be very profitable and advantageous because it would be another source of income. This book includes detail sections on reliable tax havens in the form of island escapes. You can learn about the various programs in other countries, and additionally how to utilize what the place has to offer for your advantages in taxes or business investments.
For those who want to get away from the heavy burdens of taxation, Legal Offshore Tax Havens is an ideal tool for you to read and take the next steps toward a different life.
Customer Rating: Summary: Will appeal to any general-interest lending library with its tips on how to protect money and remain legal in the process Comment: An increasing number of Americans are convinced our country isn't a safe haven for investments or storing money - and they are using offshore tax havens around the world to stash cash. LEGAL OFFSHORE TAX HAVENS will appeal to any general-interest lending library with its tips on how to protect money and remain legal in the process. Chapters cover specific areas and their pros and cons and are written with lay readers in mind.
Diane C. Donovan
California Bookwatch Customer Rating: Summary: Finally - a place to legally stash that hard-earned cash of yours! Comment: Jesse A. Schmitt wastes no time in launching an opening salvo meant to grab the reader's attention: "...Nearly one third of the income from our jobs goes to taxes. In the average lifetime of an average worker, he or she can expect to pay literally hundreds of thousands of dollars in taxes..." Not exactly the stuff dreams are made of, but thanks to his book "Legal Offshore Tax Havens", you can put yourself on the fast track to keeping more of what you earn while at the same time keeping the Government's paws out of your back pocket.
Let's face it, Uncle Sam is not going to go out of his way to show you how to legally not pay taxes or keep your money in offshore tax havens. In fact, the very concept of offshore bank accounts and tax havens lends itself more to the very rich than it does to the hard-working man or woman on which this country was built. I was thrilled to discover that is simply not true. Schmitt tosses that notion right out the window and does a superb job of demonstrating that you don't have to be Howard Hughes to benefit from the principals outlined in "Legal Offshore Tax Havens."
Schmitt explains in easy-to-understand terms the concept of the "offshore account" or "tax haven:" which refers to a simpler time when a loophole in the US tax code allowed income being held outside of the country's boundaries as tax exempt. Said loophole is now a thing of the past. These days "offshore accounts" refer to holding your income in another country. Easier said than done perhaps, as the key to obtaining an offshore account or tax haven -- recounts Schmitt -- demands that you obtain dual citizenship in one of the listed "tax haven" countries listed in chapters 8-11.
Having said that, let me say that Legal Offshore Tax Havens maps out a common sense strategy for keeping your money safe. Like any worthwhile venture, placing yours money in an offshore account or tax haven country requires a commitment on the part of the reader, in addition to patience and legal expertise of a lawyer or accountant to read the fine print.
Well written and easy to digest. If you ever fancied the idea of keeping your hard-earned money stashed away in a foreign country this'll is the book that will take you there. "Complete" in very sense of the word, Legal Offshore Tax Havens comes armed with everything you need for your journey: points-of-contact, phone numbers and directions. The only thing missing is a passport.
I applaud Jesse A. Schmitt for presenting the facts and not just filling page after page with generic information. An important resource - a thorough read of Legal Offshore Havens will certainly help you discover a pot of gold at the end of the rainbow. I know it did for me!
Customer Rating: Summary: Are you open to new ideas?If your idea of the American Dream involves working at the same place, scraping by for 40 years, and r Comment: If your idea of the American Dream involves working at the same place, scraping by for 40 years, and retiring with a heavily taxed fixed income, do not read this book. However, if you feel taxes are unfairly blocking your ability to amass wealth, or if you plan on working in a foreign country anytime soon, you must read Legal Offshore Tax Havens by Jesse Schmitt
With astounding knowledge of tax laws in nations most Americans don't even know exist, Schmitt provides information for individuals seeking tax relief. Before addressing specific tax havens, Schmitt gives an overview explaining what tax havens are, their benefits and risks, and common misconceptions. He also comments on various global investments, including real estate, capital investment, and offshore banking.
The author contends Legal Offshore Tax Havens was written for those who work and live in a foreign country or for those who make money globally with no intention of leaving the U.S. However, with the exception of a very useful section on taking advantage of the IRS's Foreign Income Exclusion Deduction, most of the book deals with becoming a foreign resident or ex-patriot.
Regardless of your personal feelings about taxes (I'm guessing you don't like paying them either), Legal Offshore Tax Havens will make you a more informed (non) taxpayer.
Customer Rating: Summary: A Perfect Foundation to Taking Advantage of Legal Tax Havens Comment: While many view taxes as unavoidable in a civilized society, Jesse Schmitt, author of Legal Offshore Tax Havens brings the dream of tax-free living within reach. In this thoroughly researched guide, Schmitt carefully reveals the tax-free living potential of numerous locations such as the U.S., Canada and the U.K. including all the countries, continents and islands in between.
This text serves as a manual for anyone legally looking to minimize or eliminate his or her personal and business tax burden. Schmitt even describes the ideal candidate for this venture and closely reveals the advantages and disadvantages of taking such an action. He clearly defines the difference between tax evasion and tax avoidance in terms of their legality and the penalties for not playing by the rules.
The author scrutinizes each potential tax haven based on political, economical, cultural and physical climate. Designed to be the starting point of your research, this manual provides many suggestions and additional contacts to further your investigation.
Whether you are looking to travel, establish a foreign business, retire, invest or leave the suffocating pressure of your home country's tax policies behind, Legal Offshore Tax Havens offers solutions and advice that insures the transition takes place successfully.
An ever increasing number of Americans are convinced that our country is no longer the land of safety or opportunity when it comes to their money and investments. These people recommend transferring your money to offshore tax havens in such countries as Dubai, Hong Kong, Switzerland, Liechtenstein, and Panama. In fact, it has recently been estimated that nearly 60 percent of the world s money is located in offshore accounts. Legal Off Shore Tax Havens will show you how to protect your money and remain legal while doing so. Off shore tax havens are sovereign nations that have laws in place that protect people s financial privacy, assets, and cash. In this new, exhaustively researched book, you will find out how to take advantage of this system. You will learn how the system works, how to develop business opportunities, how to avoid excessive taxation and regulation, how to bank and invest off shore, how to find the tax haven that is right for you, and how to avoid scams. In addition, you will learn about the safest, most private nations, the best off shore banks and tax havens, what is and what is not legal, the best haven for your specific purposes, mistakes to avoid, legal issues, and basic off shore entities. You will also learn how sophisticated tax avoiders use countries such as Ireland, Austria, and the Netherlands to avoid suspicion; how to use residential tax havens, including Argentina and Costa Rica; and how to use Greece, the Phillipines, and Jordan as completely tax-free havens. Legal Off Shore Tax Havens will provide you with the strategies, knowledge, and contacts you need to avoid expensive mistakes and make the most of your offshore pursuits. This book is for those who are weary of paying high taxes and who are suspicious of the government. Whether you are seeking to move your business s money or your own personal finance, this book will provide you with all the necessary information to make a smooth, legal transition.
