Might look into this
Offshore Trusts, Accounts & Tax Arrangements: Best solution for Black entrepreneurs/businesses
- Thread starter GAMETHEORY
- Start date
bump........
.....
..........
aint no real financial adviser fuckin with you if you aint talkin millions...
bump this thread...its right on time.
maybe...but i can always learn for myself. and teach others....its what all mu "jewish" friends do. LOL. we should too.
You ain't lying about that.
I'm diggin this!
I will take any questions on the subject and shall review past posts
Stfu chink faggot
Incog, there are as many reasons as you have dollars in the bank to take your finances and investments offshore, and then some. And the motive? Probably there are as many motives as there are people who go offshore; they cover the spectrum from excitement about valid new op- portunities to legally reduce taxes and protect assets, all the way to down and dirty fear about the future.
There are a multitude of excellent reasons to consider going offshore at some level, and as long as we are truly free people, these choices should always be available to everyone...
Now, as far as black busineses are concerned, I would suggest International business companies (IBCs) which are common in most tax havens, particularly in the Caribbean.
They are easy to form, easy to operate, and they are ideal for e-commerce business that most black folks are into. In essence a local attorney or bank in the desired tax haven can perform the function of incorporating the IBC for you and providing additional, valuable services to the beneficiaries, meaning you, the owners.
Basically, the IBC is like a domestic corporation, providing many of the same features for the same reasons you would incorporate in the US. They resemble Delaware, Wyoming, and Nevada corporations in having more attractive features and benefits than corporations of other states, but an IBC is even more flexible.
International business companies and other types of offshore companies are commonly used for doing business worldwide: for trading purposes, such as the import-export business, drop shipping of merchandise, offshore sales distributor, offshore purchasing agent; for holding companies, investment companies, mutual funds, avoidance of probate, personal privacy reasons etc...
I agree with you on the risks. But then again as with almost everything, there are usually a few pitfalls. Since U.S. citizens and resident aliens are taxed on their worldwide income, I remember Congress passed measures to control its more far-reaching subjects (one of the reasons I cant wait for the Dodd Frank Act suspension or reforms).
Furthermore, there are complex regulations for imputing income to U.S. shareholders and these statutory provisions include the Foreign Controlled Corporation (FCC), Foreign Personal Holding Company (FPHC), and other provisions addressed by hundreds of thousands of pages in the Internal Revenue Code (IRC).
Essentially, avoidance of these measures requires professional advice and assistance, and the cost and trouble may not be worth it for some black owned businesses. However, if there is much to gain, it is worth seeking professional advice. Unless one can legally circumvent these tax rules, expect, as a shareholder, to pay tax on income generated by the offshore corporation currently or eventually.
Apologies for the long post.
Bro, what most people dont understand or know is before the great global offshore explosion began in the 60s and the70s, the US govt was generally hostile to offshore business, and its leaders fought against the British spiderweb and the European havens. But as the 1970s wore on financial interests became increasingly influential in U.S. policymaking, and the country, facing large Vietnam War–era deficits and increasingly adopting an “if you can’t beat ’em, join ’em” attitude toward tax havens, began consciously adopting its own offshore characteristics—particularly special tax incentives and secrecy structures available to foreigners—in efforts to attract financial capital into the US to fill the deficits.
Like the British offshore system, the U.S.based offshore system operates on three tiers.
First, at the federal level, on the top tier, the US dangles a range of special tax exemptions, secrecy provisions, and laws designed to attract foreigners’ money into the US in true offshore style. U.S. banks may, for instance, legally accept proceeds from a range of crimes, such as handling stolen property—as long as the crimes are committed overseas. Special arrangements are made with banks to make sure they do not reveal the identities of foreigners parking their money in the US
The second offshore tier involves individual U.S. states. A range of different things are happening, in a number of states. Florida, for example, is where Latin American elites do their banking, and the US generally does not share banking information with those countries, so a lot of this is tax-evading and other criminal money, protected by U.S. secrecy. Florida’s banks also have a long history of harboring Mob/Mafia and drug money, often in complex partnerships with the nearby British Caribbean havens. On a different tack, smaller U.S. states like Wyoming, Delaware, and Nevada have become specialists in offering low-cost and very strong forms of almost unregulated corporate secrecy, which has attracted illicit money, and even terrorist money, from around the globe.
The third U.S. offshore rung is an overseas satellite network, far smaller than the British zone. One is the U.S. Virgin Islands, a U.S. “Insular Area” and a minor haven used by Bank of America, Boeing, FedEx, and Wachovia, among others.
As far as types of companies are concerned, I would recommend an Limited Liability Company(LCC). This is a nice combination of advantages of the corporate form, having limited liability and the flexibility of a partnership where tax advantages pass through to the owners in the same way as in a U.S. incorporated corporation or partnership. Additionally, management is conducted by members/owners and a manager as opposed to directors and officers. Members and owners can be individuals or other legal entities.
A definite advantage of the LLC over the IBC is that there is no U.S. reporting requirement for U.S. residents under IRS Code, and it is a tax-neutral entity like the limited partnership.
^^^
........
EXCLUSIVE: Bombshell audio recording reveals OJ Simpson - who owes $100m to the Brown and Goldman families - may have millions stashed away in offshore accounts as he is set to be released from prison
PUBLISHED: 19:28, 29 September 2017 | UPDATED: 20:21, 29 September 2017
OJ Simpson secretly hid his money in offshore bank accounts prior to being jailed for kidnapping and armed robbery, a bombshell audio recording obtained by DailyMailTV reveals.
And lawyers for the family of Ron Goldman, the friend of Nicole Brown Simpson who was murdered along with OJ's ex in 1994, believe the disgraced NFL star could have millions of dollars tucked away ready for his release on as soon as Monday.
Simpson was famously acquitted of the double murder of Nicole and Goldman in 1995, but a civil court jury in 1997 found Simpson liable for their deaths and ordered him to pay $33.5million in damages to their families.
Enforcement lawyer David Cook, who represents Ron's father Fred Goldman, has been unsuccessfully trying to access the former star's assets ever since.
The audio tape sheds doubt on whether the 70-year-old nicknamed 'The Juice' has been truthful about his financial situation over the years.
And DailyMailTV can reveal the total amount of damages Simpson is on the hook for has ballooned to more than $100 million due to interest on the original amount.
: http://www.dailymail.co.uk/news/art...millions-offshore-accounts.html#ixzz4u7LMf6yk
- OJ Simpson, 70, may have tucked away millions in offshore accounts, according to a shocking audio recording obtained by DailyMailTV
- The recorded conversation between memorabilia collectors Bruce Fromong and Alfred Beardsley was obtained from Tom Riccio
- Riccio made the recording after Simpson and his entourage broke into the hotel room of Fromong to take back what he believed belonged to him in 2007
- An angry Fromong explodes and threatens to kill Simpson and claims 'I helped him set up his f***ing offshore accounts'
- 'Whatever hole Mr Simpson hides his money in, I'll find it,' the lawyer for the Goldman family tells DailyMailTV
- The disgraced NFL star is set to be released from prison as soon as Monday after serving nine years in jail for the 2007 armed robbery in Las Vegas
- DailyMailTV can reveal the total amount of damages Simpson is on the hook for has ballooned to more than $100m due to interest on the original amount
PUBLISHED: 19:28, 29 September 2017 | UPDATED: 20:21, 29 September 2017
OJ Simpson secretly hid his money in offshore bank accounts prior to being jailed for kidnapping and armed robbery, a bombshell audio recording obtained by DailyMailTV reveals.
And lawyers for the family of Ron Goldman, the friend of Nicole Brown Simpson who was murdered along with OJ's ex in 1994, believe the disgraced NFL star could have millions of dollars tucked away ready for his release on as soon as Monday.
Simpson was famously acquitted of the double murder of Nicole and Goldman in 1995, but a civil court jury in 1997 found Simpson liable for their deaths and ordered him to pay $33.5million in damages to their families.
Enforcement lawyer David Cook, who represents Ron's father Fred Goldman, has been unsuccessfully trying to access the former star's assets ever since.
The audio tape sheds doubt on whether the 70-year-old nicknamed 'The Juice' has been truthful about his financial situation over the years.
And DailyMailTV can reveal the total amount of damages Simpson is on the hook for has ballooned to more than $100 million due to interest on the original amount.
: http://www.dailymail.co.uk/news/art...millions-offshore-accounts.html#ixzz4u7LMf6yk
Last edited:
EXCLUSIVE: Bombshell audio recording reveals OJ Simpson - who owes $100m to the Brown and Goldman families - may have millions stashed away in offshore accounts as he is set to be released from prison
By Ryan Parry West Coast Correspondent For Dailymail.com
- OJ Simpson, 70, may have tucked away millions in offshore accounts, according to a shocking audio recording obtained by DailyMailTV
- The recorded conversation between memorabilia collectors Bruce Fromong and Alfred Beardsley was obtained from Tom Riccio
- Riccio made the recording after Simpson and his entourage broke into the hotel room of Fromong to take back what he believed belonged to him in 2007
- An angry Fromong explodes and threatens to kill Simpson and claims 'I helped him set up his f***ing offshore accounts'
- 'Whatever hole Mr Simpson hides his money in, I'll find it,' the lawyer for the Goldman family tells DailyMailTV
- The disgraced NFL star is set to be released from prison as soon as Monday after serving nine years in jail for the 2007 armed robbery in Las Vegas
- DailyMailTV can reveal the total amount of damages Simpson is on the hook for has ballooned to more than $100m due to interest on the original amount
PUBLISHED: 19:28, 29 September 2017 | UPDATED: 20:21, 29 September 2017
OJ Simpson secretly hid his money in offshore bank accounts prior to being jailed for kidnapping and armed robbery, a bombshell audio recording obtained by DailyMailTV reveals.
And lawyers for the family of Ron Goldman, the friend of Nicole Brown Simpson who was murdered along with OJ's ex in 1994, believe the disgraced NFL star could have millions of dollars tucked away ready for his release on as soon as Monday.
Simpson was famously acquitted of the double murder of Nicole and Goldman in 1995, but a civil court jury in 1997 found Simpson liable for their deaths and ordered him to pay $33.5million in damages to their families.
Enforcement lawyer David Cook, who represents Ron's father Fred Goldman, has been unsuccessfully trying to access the former star's assets ever since.
The audio tape sheds doubt on whether the 70-year-old nicknamed 'The Juice' has been truthful about his financial situation over the years.
And DailyMailTV can reveal the total amount of damages Simpson is on the hook for has ballooned to more than $100 million due to interest on the original amount.
+11
OJ Simpson may have tucked away millions of dollars in offshore accounts, reveals an audio tape exclusively obtained by DailyMailTV. The former NFL star is set to be released from prison as soon as Monday after being imprisoned for an armed robbery in Las Vegas in 2007
Simpson was acquitted of the murder of Nicole Brown Simpson and Ron Goldman (right), but was ordered to pay $33.5m in damages to their families. Ever since, lawyers have been chasing Simpson's money. Now, the tape sheds doubt on whether he has been truthful about his financial situation. Pictured: Simpson's mugshot in 1994 (left) and his mugshot in 2007
Video playing bottom right...
ExpandClose
Advertisement 0:30
Cook, 68, suspects an offshore account exists and he vows not to stop until he finds all of Simpson's alleged hidden assets.
'We've heard about that over the years and I have asked OJ about his assets and he didn't disclose any offshore bank accounts, but that doesn't mean anything,' Cook told DailyMailTV.
'Do I think he has an offshore bank account? That's a good conclusion. How much does he have in it? God only knows,' he added, acknowledging the figure could potentially run into millions of dollars.
'Mr Simpson has made it very clear that he will not work for Fred Goldman, he has no interest in compensating Mr Goldman, he is in a state of complete denial, which is a continuing affront to all justice.
'Whatever hole Mr Simpson hides his money in, I'll find it.'
The bombshell recording that mentions the offshore accounts was captured seconds after the robbery in Las Vegas when Simpson and his gun-toting entourage burst into a hotel room to retrieve sports memorabilia the star believed had been stolen from him.
In the recording, memorabilia collector Bruce Fromong, a long-time friend of Simpson, can be heard speaking with fellow collector Alfred Beardsley, who has since died, about the violent incident that had ended minutes earlier.
Fromong was furious and in a rant, during which he threatened to kill Simpson, he let slip that he had personally helped the star set up offshore accounts.
He is heard saying: 'Nobody puts a gun in my f***ing face. I stood up for the motherf***er (Simpson) while he was in jail, I stood up for him in the press, I stood up for him on the stand.
'I helped him set up his f***ing offshore accounts. Don’t f*** with me. It’s not over. It’s not f***ing over.'
+11
Simpson robbed memorabilia collector Bruce Fromong (pictured with evidence from the trial). The NFL star had wanted to take back items he believed belonged to him. In the audio, Fromong rages against Simpson, saying he 'helped him set up his f***ing offshore accounts'
+11
The conversation was between Fromong and fellow collector Alfred Beardsley (left), who has since died. The dramatic audio clip was made by sports collectibles dealer Tom Riccio who helped orchestrate the ill-fated memorabilia recovery mission (right)
Bombshell audio reveals OJ Simpson hid millions in offshore accounts
MEMORABILIA COLLECTOR CLAIMS HE HELPED SIMPSON SET UP OFFSHORE ACCOUNTS IN TAPE
Bruce Fromong: 'I don't know who it is. I swear if I find out who the f*** set me up, there will…'
Alfred Beardsley: 'Bruce, it's not me.'
Fromong: 'I didn't do f***ing time in Nam for no s***. We get the f***ing first guy, I'm done.'
Beardsley: 'Bruce, you know how I do business.'
Fromong: 'I told you we shouldn't have brought the s*** in. I told you... other place...'
Beardsley: 'You know how much money you're getting paid?
Fromong: 'I don't give a s***. Nobody puts a gun in my f***ing face. I stood up for the motherf***er while he was in jail, I stood up for him in the press, I stood up for him on the stand.
'I helped him set up his f***ing offshore accounts. Don't f**k with me. It's not over. It's not f***ing over. I'll have Inside Edition down here for us tomorrow. I told them we want big money. I'm going to get hold of Leah...'
Beardsley: 'You press charges, Bruce…'
Fromong: 'Oh, I am. No.'
Fromong: 'My card still works…It doesn't matter, because I'm supposed to be going down to my girlfriend's tomorrow morning to buy stuff. That's why I wasn't going to be here any longer. I'm leaving my wife…'
+11
The lawyer speculated Simpson could have hidden millions away in offshore accounts, adding: 'Whatever hole Mr Simpson hides his money in, I'll find it'
He claims Simpson hopes to revive his fame and cash in on his celebrity and mind set.
'OJ Simpson has missed a lot of things over nine years - the limelight is part of that.
'It would be sad to see him back running around with crazy people, doing weird deals, but that is what I am hearing is happening. I am hearing he wants to do a reality show.
'They are supposed to give him $1 million up front, but again it would be feeding into his narcissistic camera star type thing again.
'Producers are figuring out a way to get the money set up, so his family get money not him. And that way the Goldmans cannot take the cash.'
On Fromong's alleged role in setting up offshore bank accounts for Simpson, Riccio said: 'Bruce said that he hid money for OJ and he bragged about it on many occasions to people that we were around during that time. He told me to my face that "I have hid his money from the Goldmans".
'Bruce was involved, and he knows he was part of the reason that the Goldmans did not get their money from the civil case.
'If he wants to sue me, I am here. I have no problem being on the record about this.'
: http://www.dailymail.co.uk/news/art...millions-offshore-accounts.html#ixzz4u7LMf6yk
those ofeys ain't going to see a penny from OJ -
but he going to be pulling up everywhere in this with custom plates 'JUICE' :
bump
Now I get it. That's what American Express Cards are for. I always wonder why would you have a credit card that need to be pay off every month. It's part of the off shore account schemes.
bump
pretty much
GTFOH!!!
People really getting away with this shit? That's some Raymond Reddington type shit.
getaway?GTFOH!!!
this is how wealth becomes multi generational
I wonder if crypto holders will do this shit.
nope...I wonder if crypto holders will do this shit.
most people are unaware. so they can't even ask about it
GTFOH!!!
I wonder how many nonfamous people have these off shores accounts
Like most are unaware of crypto? If the two meet, this is a fucking train wreck waiting to happen.
no worries -understand -
waaaaay more people are aware of crypto than trusts...
look at this thread vs crypto threads
most rich celebrities are in the dark about how to use trusts
shit - how many cpa or tax attorneys do you think are competent in financial tools and legal entities?
"famous" people very rarely get access to this knowledge
money people are the ones who move like this
Trusts been around. People have been using them as tools for years. It's the international shit where the confusion comes in. On a domestic level, way more people know about trusts.All this international magic is foreign to most people as crypto is.
Ok....I'm learning slowly
So let's said a nonfamous person gets a 100k contract...forfills the agreement but want to start flipping the 100k and hide the gains...
I'm talking like gains of $100k from this way another 80k this way, another 65k that way yearly....
see what I mean?
All this international magic is foreign to most people as crypto is.
you watched the vid and still don't comprehend the power of trusts
wills and trust funds are what most avg people in general have been using for years
those are the weakest forms of a trust
a good number less people use living trusts to pass on assets without estate taxes, or establish care instruction in case of mental incapacity etc...
VERY few people including professionals understand that when properly constructed and executed a trust can be sovereign and immortal.
With many tools provided in the local laws of multiple nations (central banks made sure of this)
I'm not an attorney or tax professional... and your hypothetical depends on what else they have going on financially and their goals
Here is a hyper simplified scenario, your taxes are satisfied etc:
assuming we are in the US, form a trust in the Caymans or Panama or Curacao and have the trust form a corp
open local account for trust, open account with international investment bank for corp.
Find a way to fund the trust's bank account with $$ (don't do a large wire transfer from a US bank)
fund the corp account with portion of funds in trust.
Invest only using corp account
If you plan to invest in US,
A - use corp to form a LLC in US, create account at investment bank using LLC
B - use corp to open investment account locally with banks like Standard Charter, Santander, Scotia, Citi etc