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The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven
This 4,000 acre sale (now a marina and resort town - with an airport for jumbo jets (the $50,000,000 airport was donated by the UK government) went down in the 1970's - not the 1870's!?!? Source: A Turks & Caicos Government 3 full page advertisement in Investor's Daily (1985). Was this the most profitable real estate investment of the 20th century? A quarter acre lot in the gated community of Sandyport here in Nassau, Bahamas sells for approximately $260,000 today. Half acre canal lots in Lyford Cay sell for about one million dollars. Do the math. On an initial investment of just $40, the 4,000 acre property might be worth almost 4 BILLION dollars today. YOU BE THE JUDGE.... Are the use of the world's tax havens a blessing or a detriment? Before you answer, see some of the IRS's loopholes from our "Tax Code" - discovered for your viewing below, and buried inside the tax law for the taxpayers! There's a very important loophole for the non-resident alien you should not overlook! The Turks & Caicos Islands Situated 575 miles south east of Miami, Florida in the warm aquamarine waters of the Caribbean Sea, the Turks & Caicos Islands ("TCI") offer an unequalled quality of life with all the necessary ingredients: a sound and stable economy and government, a central location, convenient international air transportation, modern health care facilities, a low crime rate, friendly people and beautiful beaches. TCI is also a well recognized and respected offshore financial center offering a broad range of well regulated financial services from private banking to company and trust formation and management. The Turks & Caicos Islands are an archipelago of more than 40 islands forming the southeastern end of the Bahamas chain. There are two principal groups, each surrounded by a continuous coral reef. Caicos is the larger group and includes Providenciales, Middle (or Grand) Caicos, and the islands of North, South, East and West Caicos, plus numerous small cays, some of which are inhabited. The Turks group, separated by a 35km-wide (22-mile) channel of water, consists of Grand Turk, Salt Cay and a number of small uninhabited cays. The islands are each a vacationers paradise with some of the finest diving in the world minutes from shore, particularly on the islands of Grand Turk, Salt Cay and South Caicos. The islands benefit from an ideal tropical climate (an average annual temperature 80 F degrees) and endless miles of sandy beaches. TCI has in recent years been one of the fastest growing economies in the Caribbean and is rapidly becoming recognized as a premier tourist/dive destination where visitors and residents alike can enjoy a unique quality of life. The islands were part of the UK's Jamaican colony until 1962, when they assumed the status of a separate crown colony upon Jamaica's independence. The governor of The Bahamas oversaw affairs from 1965 to 1973. With Bahamian independence, the islands received a separate governor in 1973. Although independence was agreed upon for 1982, the policy was reversed and the islands remain a British overseas territory.2 Tom Azzara, the author of "TAX Havens of the World" is based in Nassau, Bahamas Tom has lived offshore in the Bahamas for over 10 years. When I'm not working on my newsletter, or with a client, I'm out swimming, diving or sport fishing in the sunny- tax-free Bahamas. Call me at 242-327-7359 with your questions. - 9AM to 5PM - New York time zone is best. Tom Azzara http://www.bahamasbahamas.com/
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What is Your Creative Retirement Plan? The idle are a peculiar kind of dead that cannot be buried."Oriental proverbOne thing is certain - when you do not have a creative challenge during your retirement years, the idleness and its accompanying despondency blots out any chance for happiness and contentment and can even encourage an early death. What Are Your Beliefs About Money and Wealth? What is your attitude towards having wealth? Do you believe it is possible to have anything that you want? Or do you believe that wealth and prosperity are reserved only for those other "lucky" people in this world.. How Should I Create Passive Income? If you're wondering where to create passive income, then you are likely not alone. There are hundreds of different ways, however, so you're sure to find something that will work for you. Budget Tips To budget, to have a budget and to be on a budget is not a bad thing; in fact, it's just about the best financial situation you can find yourself in. A budget is a valuable financial management tool which will enable you to pay your monthly expenses, save a certain percentage of your income and control your expenditures. The One Important Secret of Making More Money Easily If you're reading this article, it means you are a person who wants to make more money in life.Who doesn't? Money is not everything in life, but it sure helps to decrease problems if it is used correctly. 5 Easy Ways to Save and Build Wealth 1. Pay off high-cost debt. Prosperity An ellipsis to your success is hidden in the word prosperity. Take a letter; make a word; assign a meaning, discover a pathway to your prosperity. The Secrets of World Money Flows and A Simple Way to Understand Them You can learn the secrets of world monetary flow if you will simplify the concept. The Allegory of a "The Beach Ball," is not taught in all universities, perhaps it should be. Principles to Ensure a Fantastic Financial Finish Most people want to get to the end of their lives and be able to live comfortably, take care of themselves and leave something for their children. These are admirable goals and very achievable - especially if you have a good plan! While I am not giving specific financial advice, these are the principles I live by and believe can bring anyone to a fantastic financial finish! As always, check with a financial consultant before taking action. Retirement Planning the Offshore Way Retirement Planning the Offshore Way Why do so many of us constantly push the thought of retirement planning to the back of our minds? Reluctance?! 1 Reluctance to save for an event that seems so far off 2 Reluctance to tie in to an inflexible pension scheme 3 Reluctance to put a large portion of our current income out of reach for the long term But in terms of retirement planning, putting off until tomorrow that which you could get done today will end up costing you very dearly. Every month you delay your retirement savings planning, you significantly reduce the value of your future potential retirement fund. Mastering Your Money One of the things most of us have old ideas about is money. The best way to change old ideas is to upgrade and take a new look at them. The Philosophers Stone "If you know how to spend less than you get, you have the philosopher's stone" - Benjamin FranklinOk, so how do you do it? It seems like any time I try to spend less, a new expense comes charging (so to speak) through the door. Here are a few suggestions I've gathered:1. Building Blocks of a Financial Foundation You can't build a house from the roof down, and you can't build a financial fortune from the roof down either. You have to build a foundation first. Gain More Control of Your 401k - What It Can Mean to Your Future Points to ponder as you consider what can be done to maximize your 401k returns:1.Are You Maximizing Your 401k Returns?2. Wealth Management, Wealth Protection, and Tax Planning U.S. Residual Income - Part Three Finding Leaders In my last article on Creating Residual Income I mentioned that employees are a pain.That wasn't completely accurate. Saving Money By Spending Wisely Why is it that the older and richer people become, the more conservative they are with their money? Have you ever done or know someone who has made an investment that promised a 10% interest or profit per month? Everyone wants to make above average profits. It is amazing how many people will send their very hard earned money across the world to Nigeria or to Boca Rattan, Florida on the promise of a telephone acquaintance to make them much richer. Get Rich Doing What Others Dont "The quickest way to wealthThat I've found to be true;Is to stick out your chestGive your bestAnd do what others don't like to do!" - PrimmIt's been said the difference between the "haves" and the "have-nots" - can be traced back to the people who did .. Cutting Costs Can Significantly Increase Your Income As a work at home Mother, I know the value of a deal. Any smart business person knows that the best way to make money is to SAVE money. You Can`t Cheat An Honest Man Author: James WalshISBN: 1563431696: Publisher: Silver Lake PublishingIn 1903 Charles Ponzi arrived in the USA with the aim of becoming as wealthy as Rockefeller. His modus operandi was based on the principle of robbing Peter to Pay Paul.
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