Offshore Financial ServicesWe have often heard about the value of offshore financial services and now more than ever there is a need for offshore banking, investing, asset protection and tax avoidance. The advent of the internet has made it quite simple to set up and maintain offshore accounts in more favorable tax jurisdictions, but how secure are these offshore opportunities? Some offshore jurisdictions are run by unelected, unaccountable people who truly believe it is their God-given right to take what they want and they’re certainly not above taking your money. Then there are other jurisdictions where elected officials believe it is their job to redistribute wealth. More and more Governments are more and more desperate for income. They greedily eye sources from all around the world. Recently the US IRS has instituted strict enforcement of the newest requirements for US citizens:
The sad part is many previously solid offshore tax havens are caving into the demands of the IRS. Which is something they should never do! The purpose of government should be to protect your rights and freedoms--never diminish them! These opportunities are being closed to Americans!!!Read the American Expatriation Guide (because things change so often -- some of the links within the article are no longer working)and how long before other desperate governments enacts similar legislation? This brings me to a concept for Canadians, which I like to call the “Onshore Offshore”. In a nutshell it is a strategy in which you can achieve all the benefits of offshore financial services:
With none of the inherent risks of offshore banking. No tinpot dictator can ever steal your money. You can do all this onshore in Canada today! Legally and with total and complete acceptance by the government,
For more about the “Onshore Offshore” contact Terry Johnston today!Return from Offshore Financial Services to Investment Research
|
