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The Private Interest Foundation of Panama (Harris Offshore Manual) Paperback – December 1, 1998
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About the Author
Marc M. Harris graduated from North Carolina Wesleyan College with a 4.0 average at the age of 18. Shortly thereafter, while still only 18, he passed his Certified Public Accountant (CPA) examination and is believed to be the youngest person in the United States to accomplish this. He went on to Columbia University for his MBA with a concentration in Investment Finance.
After completing his formal education, Mr. Harris set out to apply himself in the business world. He found it difficult to secure a professional position because of his age and when he finally did, he found himself unable to realize his full potential. On December 2, 1985, with little more than pocket change, young Mr. Harris started his own company.
After substantial changes in the American tax law in 1986, Mr. Harris refocused the firm's strategy in favor of international tax planning and legitimate methods for Americans to take advantage of offshore tax havens. In order to better service his growing international clientele, he relocated the center of operations to Panama. Today, with over 150 employees, The Firm of Marc M. Harris, Inc. has become the largest independent provider of quality international financial services in Latin America and the Caribbean.
Mr. Harris has not only built his company, but has personally received many awards, which include the key to the city of Miami Beach and Most Distinguished Alumni at North Carolina Wesleyan College. He has established a personal foundation that contributes to Panamanian society by funding nutritional projects and helping needy families in the community. He is a much sought-after speaker on international financial planning and gives seminars throughout the world. Mr. Harris has assisted in drafting new financial services legislation for several Latin American countries and is a contributor to various financial journals and newsletters on a regular basis.
Top customer reviews
Plus, Panama has a stable government, a stable currency (the U.S. dollar since 1904), and virtually no inflation. In other words, this country is the exception to the rule in Central America. As The Economist recently reported, in Central America, "Panama has stood apart, sustained by its Canal, its banks, and its free-trade zone."
In other words, Panama has its act together. And is poised to become one of the most attractive overseas havens in the world in years to come.
All of these factors add to the value of creating a foundation in Panama, even if you don't choose it as a retirement haven.
Marc Harris was featured in an expose' in the CNBC TV show "American Greed." His company that he advertises in the book is no longer around.
Do your due diligence . . .
to the Panama Foundation, but his own qualifications
are questionable. Be sure to do your own due dilligence
on the author.
I would still recommend the book to anyone exploring
offshore structure alternatives.