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Rating: Summary: Tax free areas only Review: I grew up in a country where the palm trees danced melodically to the wind and "tomorrow" was the most used word in the language. A place where electricity and running water were luxuries, not a right; and paved streets and working telephones a dream, not a reality. Those were reasons enough for my father to feel that moving to the USA was the most appropriate move if we wanted to live like modern humans. So he did what he thought was right and moved his family to Florida. I remember vividly the day we arrived to America. The crisp blue sky and the luscious green of the vegetation blended in perfectly to create a spectacular scenario. What a sale that day! US 1 was packed bumper to bumper with shiny new cars. All the drivers patiently waited one behind the other following the instructions of a battalion of police officers who regulated the afternoon rush hour. No trash, no noise, no chaos! The perfect scenario, the picture-perfect view. Welcome to America, land of law and order. What a welcome to our new home! As I write these lines, back where I was born, I cannot thank the USA more for the opportunities and the chances that great land and it's people gave me. It would not be fair to say that I do not feel a great sense of gratitude and that I do not owe what I have left to that great land of opportunity. Today, almost 20 years later, that beautiful picture and that great scenario my father introduced his whole family to is not there. I worked hard for twelve years and was able to accumulate less than 62% of what I earned. The few dollars I was able to keep and I "wisely" invested were taxed again. And when I decided to look for my financial freedom and become my own boss, the regulations and demands of the system kept me "in line", unable to fulfill my dreams. My wife and I had a dream. We wanted to own and operate a small bed and breakfast in a coastal area in Florida. Nothing fancy, nothing big, just a quaint little place that we could call our own and guests could call heaven. We started looking for the perfect spot and after a few months we found it somewhere on Florida's east coast. We had the money to purchase the place and what we thought would be enough to wait until the business took off. Then we found out about the reach of big brother's arm. We started looking at permits, health department compliance regulations, bureaucratic red tape and the list went on and on and on. Thousands of dollars were to be allocated to satisfy bureaucrats who probably were on the big corporation's pay rolls. Our cash reserves were suddenly coins and we could not live our dream. Months later, we found out that a large corporate hotel chain was looking to open a hotel in the same area we were hoping to. You draw your own conclusions. Because of this I went offshore to start my own business. I found out through Adam Starchild's book that the government of Panama had passed a law that favored those who invested in fomenting tourism. The Panamanian government granted tax benefits to start tourist oriented ventures as long as I generated employment for it's people and complied with very logical rules. So I, just as my father had done years ago, packed up my family and moved to Panama. I now enjoy a tax free status for 20 years which will allow me to get a solid business started as opposed to a book of regulations and a list of compliance items that are enacted to "dissuade" the middle class American dream. As much as I hate to say it, it is true; the land of opportunities is now the land of regulations. The American dream has become the American nightmare, and the land of the free has become the land of the policed. Perhaps you do not have to flee the country to make your dream come true, but what you do not know is that dreaming offshore is a lot easier and the nightmares are fewer.
Rating: Summary: Think Globally Review: The stock market is an alluring playground. It's the pick up game for the financial intellectuals. In the mid to late nineties, there were few places in the Dow Jones Industrials and the NASDAQ markets to lose investments, so everyone came out of the Wall Street playground happy. Especially Uncle Sam, because this prosperity put many investors in a higher tax bracket. The more they made, the less they got after capital gains tax and other "investment penalties" Big Brother provided. You have to share the wealth with your fellow man, right? Just share your wealth that is. Baby boomers are looking for new ways to achieve financial prosperity over and above the tax detriment. The results are always the same because that is the way the American stock and tax systems are made to work. There is a method in place that has provided the monetary aristocracy of the world a virtual tax-free existence. Did you know this system could also work for you, without costly legal and accounting fees? With the ease of a stroke of a pen you could be using the same strategies of the CEO's of multi-national conglomerates. The successful investor thinks globally, without imaginary boundaries that section us off for tax revenues. There are countries that need your investments and are willing to provide you with the tools to do it tax-free, confidentially, and legally.
Rating: Summary: Tax free areas only Review: What I really like about this book is its deliberate limitation to tax-free areas or special tax holidays (such as 10 years no-tax for opening a small hotel or guesthouse) instead of being just another book on moving abroad. This lets you improve your income dramatically, by choosing to build a business in a place where your money is automatically worth twice as much because you don't have to pay income taxes - and that is a huge portion of the world. Overtaxed Americans and other nationalities can gain much from the advice and opportunities in this book.
Rating: Summary: Don't waste your money! Review: Wow, what a piece of garbage! I read the reviews on this page and thought I made a good choice. Not! I sent it back to Amazon.com, after reviewing it for 20 minutes. This book doesn't tell you why or how to, it gives you lousy information that can easily be found through public sources. I've found "the offshore money book" by Arnold Cornez to be much more valuable...
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