Thread: Insight to Offshore Banking

no. the type of currency does not dictate the country of taxation. any profits earned anywhere in the world by a us citizen are subject to us taxation. this repost is dated and is inaccurate in ohhh sooo many ways. ive warned b4 re internet "EXPERTS" and their offshore strategies. most loopholes were closed years ago under the clinton admin. consult an asset protection atty. there are only 2 that i believe are accurate. ill post their data w/their permission.

I spoke with WB the other day. He told me, ya know Goldraker. I could have stopped paying federal taxes 20 years ago. All I would of had to do. Was borrow against my assets until the end. Then after my death. The estate/trust could just payoff the loan!

Just curious, but it seems that the online only US banks share much of the low overhead that you attribute to offshore banks. With online savings accounts yielding 6%, are offshore interest rates very much higher?

lglwzrd's comments regarding conversion of Dinar are critical for many in this forum to understand. A conversion of Dinar to any other form will trigger a tax on the gain. Likewise interest earned on Dinar is taxable each year. This is true for US Citizens.

Originally Posted by lglwzrd

no. the type of currency does not dictate the country of taxation. any profits earned anywhere in the world by a us citizen are subject to us taxation. this repost is dated and is inaccurate in ohhh sooo many ways. ive warned b4 re internet "EXPERTS" and their offshore strategies. most loopholes were closed years ago under the clinton admin. consult an asset protection atty. there are only 2 that i believe are accurate. ill post their data w/their permission.

Please let them know that with the membership here invested in investments that we have, that they would be in big business. So in that said, I would exspect free consultation for the forum membership. I feel that is only fair since and if they agree, for their information to be published on Rolclub. If you prefer to work that out thru a PM, just consider the wait their for the arrangement. Rolclub members are intitled to all consultation with a select group for free.

Originally Posted by celilo

Just curious, but it seems that the online only US banks share much of the low overhead that you attribute to offshore banks. With online savings accounts yielding 6%, are offshore interest rates very much higher?

lglwzrd's comments regarding conversion of Dinar are critical for many in this forum to understand. A conversion of Dinar to any other form will trigger a tax on the gain. Likewise interest earned on Dinar is taxable each year. This is true for US Citizens.

And very Eager for the understanding.

just so were clear-im a retired atty. i no longer practice law. during my last 5 yrs of practicing i specialized in asset protection and tax min strategies. i studied the philosophies of the major us asset protection law firms. some strategies were timely at the time .. i.e. family limited partnerships used to be a monster tool in advanced asset protection planning. no longer. internet attys are hawking ibc's as the way to go. i dont believe it. i respect 2 lawfirms that are still cutting edge. it takes a LOT of money to really do a proper offshore structure for tax min advantage and true asset protection. if you have 10 mil+ then it would be to your advantage. the set-up costs are 250k plus annual fees of about 15k-25k. ive received a ton of pm's requesting referrals. as of yet everyone is waiting for the investment to pay off b-4 they are serious re taking action. i trust these 2 lawfirms as that i set-up my structures w/their input. ill check w/them to see what recs they have pre rv. im all set and have been for years. i dont use this forum as an advertising base-i only dissiminate info i feel is relevant. i have no vested interest in these referrals. i wish to remain anonymous. so anything i post is not an ad for me. as far as i know-both firms have always given a free consultation. in the past after doing an initial intake-they charged up to $2500.00 to design a plan. if it was acceptable-then the $$ would be credited to any retainer. that seems fair to me. this is a unique situation in the asset protection field. a creative attorney could save you big bucks. i hope this helps.

Originally Posted by lglwzrd

just so were clear-im a retired atty. i no longer practice law. during my last 5 yrs of practicing i specialized in asset protection and tax min strategies. i studied the philosophies of the major us asset protection law firms. some strategies were timely at the time .. i.e. family limited partnerships used to be a monster tool in advanced asset protection planning. no longer. internet attys are hawking ibc's as the way to go. i dont believe it. i respect 2 lawfirms that are still cutting edge. it takes a LOT of money to really do a proper offshore structure for tax min advantage and true asset protection. if you have 10 mil+ then it would be to your advantage. the set-up costs are 250k plus annual fees of about 15k-25k. ive received a ton of pm's requesting referrals. as of yet everyone is waiting for the investment to pay off b-4 they are serious re taking action. i trust these 2 lawfirms as that i set-up my structures w/their input. ill check w/them to see what recs they have pre rv. im all set and have been for years. i dont use this forum as an advertising base-i only dissiminate info i feel is relevant. i have no vested interest in these referrals. i wish to remain anonymous. so anything i post is not an ad for me. as far as i know-both firms have always given a free consultation. in the past after doing an initial intake-they charged up to $2500.00 to design a plan. if it was acceptable-then the $$ would be credited to any retainer. that seems fair to me. this is a unique situation in the asset protection field. a creative attorney could save you big bucks. i hope this helps.

I remember your post of saying you were in the Practice in the past. Cool. Hopfully others can and will contribute here. The offering of this Pre-Launch is something to see as we go thru it and discuss it as well. They do have their own Back Office forum too. Nut I prefer to read there and post here. Just Me.

Question:

Hello, I posted this Write-up at a Site forum I moderate. I have had Great response, But I have also has Attorneys post that the US Tax Laws for OffShore Banks has changed as well. Other words I am being told that their is no seceretcey anymore. That yes, things Have change severally over the last 20 years since this public written article was done.

My main Interest is to make money, but I dont want to go into something that has change and or detors the law. I am all for earning, but, if Taxes are going to be do, then why not just pay them. Maybe I got this program backwards. Help me out here. Thanks.

neno


Response:

Neno,

Management have stated they will help and supply information to those paid members who would like to find out about offshore facilities, they have also stated that those members who wish to declare their tax should do so also.

So I see it as a choice I can take up or not. So I can earn money through my membership with the club. The Tax side of things are there for me to look into, take up, in the future if I want to.

XXX (XXXXXXXXX)

Hope this helps and starts to gain more Interest from the other members at Rolclub. Pre-Register before April 15th.

Do your homework
No one says that the laws haven't changed in the last 20 years.
They are changing as we speak, and they will continue to change forever.

However, these are the laws of the United States.
And how or when they change have no efferct on other independent countries of the world, unless the other countries want to honor them.

Please do your homework, look up International Banking, and Panama in particular.

Don't listen to nameless people on your forum. Don't even listen to me.
Do the work for yourself, and come to your own conclusions and decisions based on facts, not opinions or conjecture.

Good Searching;
XXXXX

The OffShore Banking of this Privacy Club is just one of the Options that can be takened up with. The Interest is there heavily, and growing daily. The Force Matrix is the kicker of the Privacy Club Membership. And that is a residual just for being able to be apart of the Club. Then there are several other parts to the Club that can be taken part in to. So get Pre-Registered so you can read from your own Back Office. Thanks