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Title: The Complete Guide to Offshore Money Havens, Revised and Updated 3rd Edition: How to Make Millions, Protect Your Privacy, and Legally Avoid Taxes by Jerome Schneider ISBN: 0-7615-2010-4 Publisher: Prima Lifestyles Pub. Date: 27 October, 1999 Format: Hardcover Volumes: 1 List Price(USD): $30.00 |
Average Customer Rating: 3.86 (43 reviews)
Rating: 4
Summary: Enjoyable, can be a bit fuzzy at times
Comment: For the most part I thouroughly enjoyed this book. I have been quite interested in offshore advantages and this book is the first I've come across that explores those advantages with the idea that you will remain a US citizen. Other offshore books are geared towards those who wish to renounce their citizenship and move to another country. schneider's book goes into a great amount of detail on the legalities of offshore havens and even has a nice section that takes a look at each individual haven. You can find out which laws certain havens adhere to, how much it costs to bank there, privacy ratings, and much more. The only problem I had with the book is that a healthy portion of the book was geared towards those who wish to start an actual bank offshore, not just a bank account. However, Schneider clearly knows what he is talking about and anyone would do well to take a look at this book. In the Apeendix is a list of countries, the banks located there, the type of banking each one does, and how to get in contact with them, information we normally would have to pay an arm and a leg for. Warning: some citizens may be offended by Schneider's obvious disgust and anger over the taxes in the US.
Rating: 5
Summary: Offshore Solutions
Comment: This book is a good intoroduction to the world of offshore banking and tax havens. However, it focuses on all of the reasons why you should use offshore tax havens and not enough on why you shouldn't. As an owner of a corporation operating out of Antilles, I know how the process works. First of all, it is very easy to find yourself in a legal bind with the IRS for attempting to hide income. Next, finding a trustworthy offshore banker to help you register is hard to do and can be risky since they operate under foreign jurisdiction. Lastly, the benefits of offshore tax havens is not that great due to the high costs associated with the process. The type of people that usually need offshore accounts are people that are either involved in a debacle that requires them to hide their assets or people who need to launder money. In other words, if you do choose to use offshore tax havens, make sure to do your homework and consult a licensed financial consultant.
Rating: 1
Summary: Tried it, book doesn't work.
Comment: I followed the book's instructions to the letter and tried to open a current account at three Singapore banks recommended in the book. Only one replied, saying I could only open an account denominated in US dollars or Singapore dollars, and not any other currency, contrary to what the book says. In addition, this bank wanted somebody already known to them to introduce me to them before they'd deal with me. This book is a waste of time and money. I'm now doing internet research to get the informmation I need to do what I want to do. It takes a lot more time, but I feel confident of success.
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Title: Offshore Money Book, The : How to Move Assets Offshore for Privacy, Protection, and Tax Advantage by Arnold Cornez ISBN: 0809225174 Publisher: McGraw-Hill Trade Pub. Date: 01 April, 2000 List Price(USD): $18.95 |
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Title: Hide Your Assets and Disappear: A Step-by-Step Guide to Vanishing Without a Trace by Edmund Pankau ISBN: 0060987502 Publisher: Perennial Pub. Date: 25 April, 2000 List Price(USD): $14.00 |
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Title: The Offshore Solution by Terry L. Neal ISBN: 1571014578 Publisher: Mastermedia Publishing Company Pub. Date: 01 February, 2001 List Price(USD): $34.95 |
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Title: Offshore Havens by Arnold S. Goldstein ISBN: 1880539276 Publisher: Garrett Publishing Pub. Date: 01 October, 1994 List Price(USD): $29.95 |
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Title: Using Offshore Havens for Privacy & Profit: Revised and Updated Edition by Adam Starchild ISBN: 1581602804 Publisher: Paladin Press Pub. Date: November, 2001 List Price(USD): $25.00 |
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