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OFFSHORE TAX HAVENS - TAX CONSIDERATION
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OFFSHORE TRUSTS: Fully Taxable
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- Abusive schemes in offshore tax havens usually create structures that make it appear a nonresident alien or foreign entity is the owner of assets and income, when in fact and substance, true ownership remains with a U.S. taxpayer.
- Taxpayers may utilize a variety of devices to conceal transfers of money or other property to foreign entities in Offshore Tax Havens, where the income it generates may be hidden. The simplest method of diverting income is sending skimmed income to an offshore account or entity. Other methods used to transfer money or other property offshore include the use of payments disguised as deductible expenses (for example, rents or purchases) that are paid to entities controlled by the taxpayer and generally located in ...tax havens.
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| Unlike other creditors the IRS never goes away. The IRS has a mind boggling array of penalties and fines that can increase the taxes owed by ten times in a very short period. Over the years, many potential clients have come to us owing the IRS many many times what the original tax was. They have decided to stonewall the IRS, hide assets in offshore bank accounts in offshore tax havens, take money under the table, etc. etc. And, they only thing that has happened, is that the tax keeps increasing and the IRS keeps pursuing. |
In many countries, tax evasion by forgetting to report that you have profited by your offshore investing and offshore banking in offshore tax havens is not a crime. It is in the United States. In many countries it is quite common to brag how you used offshore tax havens to avoid paying taxes. In the United States that is not the case. Most people are not in favor of those who illegally fail to pay taxes and will openly complain about the taxes they have to pay because someone else is refusing to pay. U.S. Tax evaders do not get much sympathy from the tax paying public. |
The goal of this web site and our skills in asset protection is not to help people avoid paying taxes. We use offshore tax havens not to evade taxation but for their strong asset protection laws. So, please do not ask us to assist you. We will not do so. It is our feeling that all U.S. reporting requirements must be complied with and all U.S. taxes must be properly reported and paid. |
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As long as a PPLI life insurance contract complies with the U.S. tax rules, it is entitled to preferential tax treatment. The insurance policy shields from income taxes the gains inside the policy as well as the death benefit. Additionally the policy allows you to access capital during your lifetime by borrowing funds, tax-free, from the policy. With proper estate planning, you can eliminate estate tax as well. |
PPLI benefits accrue under the tax laws as follows: |
- Cash value and investment income under the policy grow tax free,
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- The policy owner retains tax-free access to the cash value,
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- The beneficiary is exempt from income tax on the death benefit amounts, including any accumulated investment income
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PPLI’s protection of income and capital gains from taxation offersyou the ability to create unparalleled tax efficiency within the policy, substantially increasing the portfolio value as all taxes are avoided and the principal compounds. Within such a framework, a less tax-efficient investment, like low volatility hedge funds, can become a tax-efficient alternative. |
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TAX CONSIDERATION - OFFSHORE TAX HAVENS
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