'Everyone is presumed to be an evil criminal mastermind, tax evader, or worse, until proven otherwise. With all the new regulations and compliance requirements, many international banks and brokers have simply thrown their hands up in the air. They’ve put up the shutters and now refuse to accept customers that aren’t clearly residents of the same jurisdiction in which they operate. The long-arm of Uncle Sam and his recently implemented FATCA legislation, the incredibly ill conceived Dodd-Frank rules, combined with the original Securities Exchange Act of 1934, which governs the U.S. securities industry, all mean that U.S. Persons in particular are being given the cold shoulder by nearly all international brokerage houses.This is a very typical reaction. We all tend to fear what we don’t understand. And most banks and brokers around the world simply don’t have the resources to devote to fully understanding and complying with all Uncle Sam’s crazy regulations....'
Investors Europe Stock Brokers's insight:
'6. Both online and phone access for placing trades. It’s your choice. You can place the trade yourself online, or you can order by phone and have one of the firm’s brokers execute for you. You can even place orders via Skype. Please do bear in mind that, as we explain below, this is a fairly small shop. So placing trades through the phone regularly might not be your most convenient option.
7. No conflicts of interest with clients and assets protected under UK law up to GBP 50,000. This firm is purely an agency brokerage. This means that all they do is execute trades for clients. They don’t trade for their own accounts. The firm has no proprietary trading book, never trades against clients, and doesn’t manage or hold client funds.
There is therefore no co-mingling of the firm’s assets and client assets. When you wire money to them to fund your account, it is immediately sent on to your own individual account at their custodians in London. This is important to emphasize—the firm executes trades for their clients, while the underlying assets – your cash and securities – are held in individually segregated custodian accounts...'
The apparently deliberate act of a German pilot that caused the deaths of 150 people in France is leading to a broad reexamination of international airline security rules, which allowed the pilot to lock his more senior crew member out of the cockpit.
Investors Europe Stock Brokers's insight:
“This is now an issue of how we keep mass murderers out of the cockpit.”
Sen. Rand Paul called on ex-Secretary of State Hillary Clinton to return donations made to the Clinton Foundation by the Saudi Arabian royal family. The FBI will investigate Aaron Schock's sketchy financial dealings.
Some traits to watch out for when choosing an offshore/internationalization company or agent:
The biggest red flag is one who purports to understand the critical importance of moving your assets as well as your person offshore, and ASAP, but remains, along with their families, behind the curtain themselves. Although not a sure indication of governmental involvement, there’s certainly something to be said for walking the walk. Staying in the USSA indicates a lack of real commitment. People like us, who have lived offshore for decades, actually know what it takes, and can better anticipate and serve your needs.
Likewise if an offshore adviser asks you to make a payment through a US or EU bank, you should become immediately leery
Based upon blogs published and other public statements made, one can ascertain that the person is obviously not the sharpest tool in the shed, but can follow orders, and get a security clearance.I think you know what I mean here
Display an obvious lack of morals, and blatant willingness to do anything to get your fees.It’s the same mentality that bureaucrats display when seizing your assets in the name of maintaining power, and protecting “national security”
They might utilize social media to carry out that oldest governmental tactic, the unfounded smear campaign, against obviously transparent, and therefore better, people, who make an easy target. You don’t want to trust your financial privacy to such a person.How many of you have been the victim of one? How much of it was accurate, and how much a spun web of misinformation? When you see someone trying very hard to attack another, individually, and directly, take heed. Start asking questions about the source, and looking very critically at where the slime is coming from. One who resorts to such tactics is either trying to hide their own glaring faults, or is an undercover fed. Either way, it isn’t an honorable way to do business, and reflects more upon the character of the character assassin, than the intended victim.
They may go against the grain of others in the offshore industry by using innuendo in order to create fear of implementing strategies which don’t fit the statist plan.In other words, strategies which are contrary to governmental power.
They may even show support for such human rights abuses as FATCA, and spread propaganda to the effect that its implementation is imminent and unavoidable so you’d best rat yourself out and comply fully. We definitely recommend legal compliance, however, in the face of such blatant tyranny, as is the current environment, an expat must be practical and make self-preservation a priority.We’re in process of being able to offer a vehicle which is similar to those utilized by Congressman and Supreme Court judges which will legally protect your personal privacy despite current attempts to make privacy illegal.We’ll also continue to point out the impracticability of FATCA implementation, and the insidious nature of its conception to begin with.
Although this is very generalized, one should be wary of those who spread repeated propaganda that supports world-wide US hegemony. Hegemony—An indirect form of government and of imperial dominance in which the hegemon rules geopolitically subordinate states by means of its implied power - by the threat of force, rather than by direct military force.See the previous point on FATCA propoganda..'
“If you knew what’s good for you, you’d buy risk-free US Treasury bonds for your IRA and 401(k). Just in case you don’t understand that, we’re making an investment in US Treasuries mandatory for your retirement account.”
(Adds details)WASHINGTON, Feb 4 (Reuters) - U.S. federal prosecutors havelaunched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments banned in theUnited States,
@investorsA public register of beneficial owners will be implemented in the UK in April 2016 as announced by the British government.
The mandatory register of trusts only applies to taxable trusts and it will not be public.
This is a welcome development since in common law countries such as the United Kingdom, trusts are regularly used to protect vulnerable beneficiaries, some of whom could be at significant risk if their identities were published.
An essential point here is that all trusts will remain confidential and will not feature not on a public register.
For companies and foundations, the register will be publicly available to those with a 'legitimate interest'.
This initiative follows the European Union's Fourth Money Laundering Directive and its associated regulations.
The Africa Enterprise Challenge Fund (AECF) is a $250m challenge fund that awards grants and repayable grants to private sector companies on a competitive basis and in support of innovations in agriculture, agribusiness, renewable energy,...
Il s’agit la plus grosse enquête réalisée par la Commission depuis celle qui l'a opposée à l’américain Microsoft. La Commission européenne compte mettre en cause Google pour abus de position dominante dans la recherche sur internet en Europe, rapporte jeudi le Financial Times.
La nouvelle commissaire à la Concurrence Margrethe Vestager transmettra mercredi ses griefs à Google concernant les pratiques du moteur de recherche, qu'elle juge anticoncurrentielles, indique le FT.
Le moteur de recherche est la cible depuis cinq ans d'investigations des services antitrust de l'Union européenne. S’il est reconnu coupable, le géant américain pourrait être condamné à une amende de 6,6 milliards de dollars (6,2 milliards d'euros).
The US is a tax haven and let's be thankful because it helps offset Obama's bad economic policies.
Investors Europe Stock Brokers's insight:
What is the world’s largest tax haven?
[T]he United States can lay claim to that title.
[T]he United States would not be able to maintain its economy without large inflows of foreign capital.
Foreign investors can invest in the United States virtually tax free — in structures that are legally protected from risks and, currently, with secrecy.
With fairly simple planning, a foreign investor can avoid tax on interest as well as gains from sale of securities — all protected by the legal system…
As for secrecy, Delaware or Nevada are quite accommodating. In these states, a foreign company or individuals can form a limited liability company and open a bank account, but if the investor does its or his business outside the United States, there is no U.S. tax or reporting.
Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt that is now going sour.
The Wall Street Journal reported that tens of millions of dollars have gone up in smoke on loans made to the energy industry by Citigroup, Goldman Sachs, and UBS. Loans issued to oil and gas companies have looked increasingly unappetizing, making it difficult for the banks to sell them on the market.
To make matters worse, much of the credit issued by the big banks have been tied to oil field services firms, rather than drillers themselves – companies that provide equipment, housing, well completions, trucks, and much more. These companies sprung up during the boom, but they are the first to feel the pain when drilling activity cuts back. With those firms running out of cash to pay back lenders, Wall Street is having a lot of trouble getting rid of its pile of bad loans.
Robert Cohen, a loan-portfolio manager at DoubleLine Capital, told the Wall Street Journal that he declined to purchase energy loans from Citibank. "We've been pretty shy about dipping back into the energy names," he said. "We're taking a wait-and-see attitude."
But some big investors jumped back into the high-yield debt markets in February as it appeared that oil prices stabilized and were even rebounding. However, since March 4 when oil prices began to fall again, an estimated $7 billion in high-yield debt from distressed energy companies was wiped out, according to Bloomberg.
The high-yield debt market is being overrun by the energy industry. High-yield energy debt has swelled from just $65.6 billion in 2007 up to $201 billion today. That is a result of shaky drillers turning to debt markets more and more to stay afloat, as well as once-stable companies getting downgraded into junk territory. Yields on junk energy debt have hit 7.44 percent over government bonds, more than double the rate from June 2014.
An estimated $1 trillion in loans were provided to the energy industry over the past decade, with most of that passed off to other investors. The practice is common, but starts to fall apart when the quality of loans starts to deteriorate. Banks like Citi have been sitting on bad loans, hoping for a rebound. But with oil prices dipping once again, big banks are starting to eat the losses. Some bad loans were sold off in mid-March at 65 cents on the dollar, the Wall Street Journal reported on March 18.
Souring debt comes at a time when oil and gas firms are also issuing new equity at the fastest pace in more than a decade. Drillers are desperate for cash, and issuing new stock, while not optimal because it dilutes the value of all outstanding shares, is preferable to taking on mountains of new debt. An estimated $8 billion in new equity was issued in the first quarter of 2015 in the energy sector, the highest quarterly total in more than ten years. But, falling oil prices have caused share prices to tank, reducing the value of new shares sold, and ultimately, the amount of cash that can be raised.
Big Finance's struggle to unload some bad energy loans will ripple right back to the energy industry. If financial institutions cannot find buyers, they will be a lot less likely to issue new credit. That means that oil and gas companies in need of new cash injections may have trouble finding willing partners. Once access to cash is cut off, the worst-off drillers could be forced into a liquidity crisis.
'An estimated $1 trillion in loans were provided to the energy industry over the past decade, with most of that passed off to other investors. The practice is common, but starts to fall apart when the quality of loans starts to deteriorate. Banks like Citi have been sitting on bad loans, hoping for a rebound. But with oil prices dipping once again, big banks are starting to eat the losses. Some bad loans were sold off in mid-March at 65 cents on the dollar, the Wall Street Journal reported on March 18. '
The murder of Boris Nemtsov, even more than previous assassinations of journalists and other figures deemed unhelpful to Vladimir Putin's regime, feels like a moment of grim significance. It represents…
Investors Europe Stock Brokers's insight:
'In its suppression of opposition, in its thuggish aggression, in its capricious and rigged “justice”, Russia is crossing the line that differentiates between democratic authoritarianism and outright dictatorship. Indeed, Putin crossed that line some time ago...'
At the end of September 2011, just days before his passing, the company that Steve Jobs founded had a $25 billion cash hoard. Nearly half of this was stashed overseas.
What’s more, Apple was running billions in profit through multiple Irish subsidiaries, neither of which were taxable by the US government.
Steve Jobs departed this life owning 5.5 million shares of Apple (and another 138 million shares of Disney, which employed similar offshore practices).
So his personal share of the untaxed offshore booty was obviously substantial.
Did this make him ‘unpatriotic’?
Was the guy who revolutionized five industries and touched the lives of billions of people some nefarious traitor because he held so much money offshore?
Of course not.
Despite all the absurd, highly negative media attention centered on shaming companies and individuals who go offshore, it’s one of the most sensible, rational steps anyone can take.
Every taxpayer on the planet looks for legal ways to reduce way they owe, or at least claim every deduction and exemption they’re entitled to.
No one files a 1040 saying, “Yeah, I’m not going to claim the child tax credit or medical expenses this year...”
Arranging one’s affairs for tax optimization is normal.
People shop at duty free stores specifically to save money and not pay sales tax.
Others live in one place (New Hampshire, for example) and commute to another (Boston) to save on state income tax.
Doing the same thing for a company is hardly different.
Apple started its shift by moving its profit center from California to Nevada, thus saving the company 8.84% in California state income tax.
From Nevada, the company then set up its Irish subsidiaries, saving the lion’s share of the federal corporate tax rate.
People blast Apple (and Microsoft, Google, GE, etc.) as unpatriotic for taking advantage of the legal options available to them.
This is simply an ignorant assertion. Critics have completely forgotten that the pretext of the American Revolution was largely motivated by taxation.
I would suggest that it is US politicians who are unpatriotic. They penalize productive citizens and businesses with one of the highest tax rates in the world.
At 39%, the United States of America has a higher corporate tax rate than Norway (27%). Or ‘Communist’ China (25%). And yes, even Russia (20%).
Moreover, I would suggest that going offshore is actually patriotic.
You see, these tactics aren’t just available to Apple and Microsoft. Even small businesses can legally take advantage of comprehensive tax treaties and offshore sales companies, especially if you are operating an online business.
Legally reducing your tax bill means putting less money in the hands of people who have an uninterrupted track record of destruction and failure.
They have an abysmal history of managing other people’s money. They blow it all on bombs, drones, wars, and unsustainable social welfare programs.
People in the Land of the Free grow up being taught that voting is a patriotic duty.
If you believe this to be true, then note that the most powerful votes you can cast are the ones you make with your feet... and your money.
Every single day you are essentially ‘voting’ for the products and services that you value. If you buy an iPad, this is like casting a vote for Apple with your dollars.
This market-based approach is much more powerful than standing in a booth and being forced to choose between two complete idiots.
In the market, the best products and services receive the most votes, and hence, stay in business.
The worst companies don’t receive enough votes to stay in business, and they ultimately go under (but not before getting a $536 million loan guarantee from the Department of Energy).
Politics can work the same way.
Rather than vote in the booth for new people, we can simply vote with our money and actions to restrict the resources they have available.
This isn’t scandalous, shameful, or even remotely unpatriotic.
Rather, using legal means to slash the amount of tax that you pay is the most powerful, conscious way you can cast a vote that really matters: a vote of No Confidence.
Marine Le Pen, avec 29 à 31%, sortirait nettement en tête si le premier tour de la présidentielle avait lieu dimanche, aucun rival ne dépassant 23% - Nicolas Sarkozy, Manuel Valls, ou Alain Juppé, chacun autour de 23%, ou François Hollande, à 21% -, selon un sondage Ifop pour Marianne publié ce jeudi. Ce sondage envisage divers scénarios de confrontations possibles. Au second tour, la présidente du Front national serait nettement battue, avec 45% des voix dans le meilleur cas de figure pour elle.
Au premier tour, François Bayrou obtiendrait de 7 à 9%, Jean-Luc Mélenchon 8%, Cécile Duflot et Nicolas Dupont-Aignan entre 3 et 4% et l’extrême gauche de 2 à 3%. Que le candidat de l’UMP soit Nicolas Sarkozy ou Alain Juppé, le président sortant, François Hollande, recueillerait 21% des voix, ce qui représente un gain de sept à huit points par rapport à la dernière enquête de fin octobre 2014. Que l’un ou l’autre soit le candidat de l’UMP, le Premier ministre Valls ferait mieux que François Hollande, avec 23% (contre 17% dans l’enquête de juillet 2014 qui le testait face à Nicolas Sarkozy et d’autres candidats dont Mme Le Pen).
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