This
is an undeniable fact:
There aren’t any laws
barring U.S. citizens
from having an offshore
bank or investment account.
Further, there are no
laws forbidding anyone
from transferring their
funds or assets offshore
and no laws that absolutely
prevent investing offshore.
There
are laws in the U.S.
requiring that you
report such transfers,
and if you should
fail to do so, you
can be fined and
punished. But free
flow of money and
financial commerce
from the U.S. to
other nations is
both a legal and
constitutional right
just as, if you desire
to do so, it is your
right to travel and
live offshore.
Doesn’t
everyone know that
these rights are
ours to enjoy?
The
answer, unfortunately,
is no.
There
are many who have
been brainwashed
by the anti-offshore
elite, along with
a willing and, in
most cases, an ignorant
media as their accomplices.
The
U.S. legal community,
investment advisors,
bankers, insurance
and annuity salesmen
all belittle 'going
offshore.' They want
us to 'buy American',
which means that
we should buy from
them. And the U.S.
government, especially
the IRS, wants its
citizens to stay
at home where they
can keep an eye on
what we’re doing
financially. All
the best to grab
either you or your
assets whenever they
want. Or, according
to the Supreme Court
ruling essentially
repealed the right
to private property
last week, even your
home.
If
rumors are to be
believed, many officials
at the Justice Department
are under the assumption
that anyone with
offshore financial
activity was probably
committing some crime.
The
fact of the matter
is that many U.S.
citizens have to
go offshore in for
the reasons listed
below which they
feel are no longer
available in the
USA:
1)
true financial privacy
2) far more profitable
investments not blocked
by SEC nannies
3) bank accounts
where bank secrecy
is guaranteed by
law
4) ironclad asset
protection enforced
by pro-asset courts
5) property ownership
that government cannot
violate at will
6) much lower, attractive
land and real estate
price
7) residency programs
for foreigners with
near total tax exemptions
8) deferred taxes
allowed under annuities
and insurance
9) significant savings
on death/estate taxes
10) special programs
that guarantee no
real estate taxes
and discounts
on everything from
movies to auto purchases.
Most,
if not all, of the
above is fully legal
under U.S. law, regardless
of the scare tactics
of the uniformed.
If
you would like more
information regarding
asset protection,
trusts, family limited
partnerships or the
subject of this article
please call or email
our office.
