Tax Havens of the World

• Tom Azzara, author of "TAX Havens of the World" now based in Nassau, Bahamas & over the last ten years, Tom has registered more than 1,090 International Business Companies (IBCs) at a total cost of $2,200 per company.

• Each IBC comes with 2 Bahamian trusts, foreign trustees, registered agent, & a registered office in Nassau, or ANGUILLA, etc).

The Bahamas are the ideal tax-free haven, situated just 3/4 hour from Miami. There are more than 400 banks in the Bahamas with over $300 billion dollars on deposit. Offshore banks and companies can trade in the U.S. stock market free of capital gains taxes.

An IBC can receive US Bank CD interest or treasury bonds interest - 100% free from all taxes U.S. and other. Americans who live offshore can exclude up to $72,000 in foreign earned income too.

Beginning in 2001, we began forming IBCs out of the Crown Colony and no tax haven of Anguilla - 150 miles east of Puerto Rico. The Anguilla IBC Ordinance of 2000 has some distinct advantages over the new Bahamas IBC ACT, 2,000. Email me, and I’ll tell you what they are!

We've formed more than 30 Anguillian IBCs since the beginning of this year (2001), many clients prefer the less over regulated legislation in this British Crown colony.

The Confidential Relationships Ordinance 1981
"tax offences cannot be investigated"
quote the government of Anguilla (1-1-2001)

Like Montserrat’s Confidentiality Ordinance of 1985, Anguilla’s Confidential Relationships Ordinance 1981 provides stringent penalties for the improper release of confidential information, whether by private individuals or public officials.

Banking Offshore

* All offshore banks today now have tough "due diligence" rules & procedures.
* More stringent screening of clients and their activities is now the norm.
* If you can't tell your bankers what you do and who you are, then you can forget about banking offshore.

Once your bank accounts are opened, your confidentiality is usually protected under the jurisdiction's "statute" within a Confidentiality Ordinance or an "Act"

Last summer I was advised by a Swiss banker [with banks in Cayman & Switzerland] that they always place their companies in a different jurisdiction from where the company does it's banking. This is good advice, but illegal activities will not be tolerated by any of the reputable offshore banks.

The book + newsletter

Over 20 tax havens are covered in the 8th Edition book ...

TAX HAVENS OF THE WORLD ($90.00) including, Nassau, Anguilla, the Bahamas, Caymans, Switzerland, Vanuatu, Bermuda, Barbados, Hong Kong, Singapore, Channel Islands & The Isle of Man (famous havens used by modern British businessmen) Campione - Panama - Antigua, Liberia - Gibraltar - Cyprus (shipping tax haven) and little Nauru (3rd smallest nation in the world), and many more.

Also covered are the Exempt Companies, the International Business Corporation (IBC), the Foreign Trust, the Foreign Personal Holding Company, Exempt Shipping Companies, Exempt Offshore Banks, Exporting U.S. products tax free, the important U.S. Income Tax Treaties, and Australian & Canadian Tax Havens.

Of great importance to the American planner is a complete disclosure on How to Avoid the U.S.A.'s "Controlled Foreign Corporation" (CFC) legislation.

Chapter 11 (FOREIGN TRUSTS) you'll find out how the Big "8" accounting firms exploit IRS Revenue-Ruling 69-70 to pass foreign source income onward to U.S. beneficiaries free from Federal Income Taxes"

It's legal to do if you know how.

Learn all about tens of thousands of foreign companies and trusts domiciled in tax havens like the Bahamas & the Caymans, where American megabucks are hidden and secure.

• Customers that order our Newsletter, the 'Tax Haven Reporter' for $200, receive the book [Value $90.00 US] FREE. For overseas global priority mail (5 to 6 day delivery time) anywhere outside the United States, add $30 postage. Scroll down to bottom of this page to place your order.

About the author - Tom Azzara.

Tom has lived offshore in the Bahamas for over 10 years. When Tom's not working on the newsletter, or out with a client, he also finds time to enjoy swimming, diving & sports fishing in the sunny TAX FREE waters of the Bahamas

Americans don't understand why offshore (IBC's)
International Business Companies are so popular.

So, here are a few good examples ...

• American owned service oriented businesses, where the services are performed in the tax haven itself, can legally avoid U.S. income taxes.

• Foreign individuals (called non resident alien individuals by the IRS) are subject to U.S. estate taxes on their U.S. assets (stocks, bonds, real estate) when they die, just like the American taxpayer, at the same high tax rates.

• But, under U.S. tax law, foreign, non resident alien individuals that hold their U.S. assets in an offshore holding company (instead of in their own name) can legally avoid all U.S. estate taxes when they die. Foreign banks & offshore companies avoid all U.S. capital gains on their stock market trades!