Legal Off Shore Tax Havens: How to Take LEGAL Advantage of the IRS Code and Pay Less in Taxes [Paperback]

Jesse A Schmitt (Author)

Book Description

Publication Date: July 3, 2008

An ever increasing number of Americans are convinced that our country is no longer the land of safety or opportunity when it comes to their money and investments. These people recommend transferring your money to offshore tax havens in such countries as the UAE, China, Switzerland, Liechtenstein, and Panama. In fact, it has recently been estimated that nearly 60 percent of the world's money is located in offshore accounts. Legal Off Shore Tax Havens will show you how to protect your money and remain legal while doing so. Off shore tax havens are sovereign nations that have laws in place that protect people's financial privacy, assets, and cash. In this new, exhaustively researched book, you will find out how to take advantage of this system. You will learn how the system works, how to develop business opportunities, how to avoid excessive taxation and regulation, how to bank and invest off shore, how to find the tax haven that is right for you, and how to avoid scams. In addition, you will learn about the safest, most private nations, the best off shore banks and tax havens, what is and what is not legal, the best haven for your specific purposes, mistakes to avoid, legal issues, and basic off shore entities. You will also learn how sophisticated tax avoiders use countries such as Ireland, Austria, and The Netherlands to avoid suspicion; how to use residential tax havens, including Argentina and Costa Rica; and how to use Greece, the Phillipines, and Jordan as completely tax-free havens. Legal Off Shore Tax Havens will provide you with the strategies, knowledge, and contacts you need to avoid expensive mistakes and make the most of your offshore pursuits. This book is for those who are weary of paying high taxes and who are suspicious of the government. Whether you are seeking to move your business s money or your own personal finance, this book will provide you with all the necessary information to make a smooth, legal transition.

Product Details

• Paperback: 288 pages
• Publisher: Atlantic Publishing Company (FL) (July 3, 2008)
• Language: English
• ISBN-10: 160138257X
• ISBN-13: 978-1601382573
• Product Dimensions: 8.8 x 6 x 0.8 inches
• Shipping Weight: 8 ounces (View shipping rates and policies)
• Average Customer Review: 3.1 out of 5 stars  See all reviews (13 customer reviews)
• Amazon Best Sellers Rank: #578,262 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

19 of 20 people found the following review helpful:

2.0 out of 5 stars Not a lot of substance, January 11, 2009

By 

Ghost Reader (Cleveland, OH) - See all my reviews

This review is from: Legal Off Shore Tax Havens: How to Take LEGAL Advantage of the IRS Code and Pay Less in Taxes (Paperback)

The first third of the book provided few insights on protecting your savings. The [...] spent lot of pages telling you that you really need to think twice about moving to another country to protect your savings (Duh!). The last half of the book provides some high-level guidance on the tax structure of various countries. Unfortunately, [...] does not provide any real, actionable detail to move forward with an offshoring your assets.

The book can be summed up as follows:
1) Offshoring your assets requires careful planning and you really need to be ready before you move forward 2) Here is some guidance on the income tax and property tax regulations of various countries 3) Please speak with your accountant and/or lawyer if you want to move forward with offshoring.

[........]

10 of 10 people found the following review helpful:

1.0 out of 5 stars I agree with Ghost Reader... little more than a geography lesson., June 30, 2009

By 

K. L. Crow (Middle East) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Legal Off Shore Tax Havens: How to Take LEGAL Advantage of the IRS Code and Pay Less in Taxes (Paperback)

I was fed up with the Internet in regard to this topic. There is too much information scattered everywhere and you don't know what to trust. I purchased this book with the hope that it would lead me closer to my destination. Nothing could be further from the truth.

This book is slightly over 200 pages and over 100 of those pages consist of short three paragraph writeups of different countries and island nations that are pretty much useless unless you're looking for the history/geography lessons that each contains. If you're looking for information that will show you "how to take Legal advantage of the IRS code and pay less in taxes", as the book's tagline suggests, then you will be sorely disappointed.

$16.37 and 3 days later there is ONE thing that sticks out in my mind as being the utmost truth. The author clearly begins a paragraph on page 13 with "While I am no expert by any stretch of the imagination...". That's one thing that we both agree on.

In short, I'm extremely disappointed that I wasted my time and money in this book. You're better off sticking to the Internet.

Oh, and the 2 sentence author biography at the end of the book is priceless. It's almost like the punchline to a bad joke except the joke is on us for lining his pockets by purchasing this book.

3 of 3 people found the following review helpful:

5.0 out of 5 stars A Perfect Foundation to Taking Advantage of Legal Tax Havens, July 6, 2008

By 

L. Major "Majorla" (El Mirage, AZ United States) - See all my reviews
(REAL NAME)   

This review is from: Legal Off Shore Tax Havens: How to Take LEGAL Advantage of the IRS Code and Pay Less in Taxes (Paperback)

While many view taxes as unavoidable in a civilized society, Jesse Schmitt, author of Legal Offshore Tax Havens brings the dream of tax-free living within reach. In this thoroughly researched guide, Schmitt carefully reveals the tax-free living potential of numerous locations such as the U.S., Canada and the U.K. including all the countries, continents and islands in between.

This text serves as a manual for anyone legally looking to minimize or eliminate his or her personal and business tax burden. Schmitt even describes the ideal candidate for this venture and closely reveals the advantages and disadvantages of taking such an action. He clearly defines the difference between tax evasion and tax avoidance in terms of their legality and the penalties for not playing by the rules.

The author scrutinizes each potential tax haven based on political, economical, cultural and physical climate. Designed to be the starting point of your research, this manual provides many suggestions and additional contacts to further your investigation.

Whether you are looking to travel, establish a foreign business, retire, invest or leave the suffocating pressure of your home country's tax policies behind, Legal Offshore Tax Havens offers solutions and advice that insures the transition takes place successfully.