Offshore Banking: Outsmart The Fat Cat Establishment
It’s common knowledge that almost all big companies and the wealthiest people in the world use offshore banking to supplement their expanding wealth. No one wants to see their hard-earned money being swindled away by an inept government, but the problem arises when governments themselves reward these wealthy individuals for failure. The CEOs and chairmen of huge corporate banks have knowingly used offshore subsidiaries to restructure their organizations to be more 'tax efficient.' Afterwards, the majority had another chance at profiting by dripping tax-free bonuses into various offshore bank accounts worldwide. Now that these banks have failed, taxpayers are being forced to pay even more to prop up 'investment banks' and banker's bonuses which they never asked for in the first place. Government crackdowns may come and go, jurisdictions will go in and out of favor, but one thing about offshore banking that is abundantly clear is that it’s not going away any time soon. The OECD may put pressure on Switzerland or the Cayman Islands, but this does not mean that they have shut down other emerging jurisdictions that are rising to take their place, or even those which no one has heard of...yet.
It's time for the little guy to get his own back. Why fight a losing battle against big corporations with lower overheads and a tax-engineered offshore base that pays a fraction of the rate you pay? The wealthy elite don't want you to go offshore because they don't want an 'exclusive' privilege shared among the masses. The truth is, moving offshore is one of the things that can really 'make or break' a business, and it's not limited to the old boys club. Many businesses, especially those catering to an online or international market, have legitimate and pressing reasons for moving offshore:
- The ability to send and receive large payments without getting bogged down in red tape.
- The segregation of risk between different parts of a business or between business partners.
- Low or zero tax on employee salaries and purchases of new equipment or real estate.
- A business (e.g., online gambling) which is not legal in one country may be legally operated from another.
These advantages can often make the difference between a merely average business and an extremely profitable one. Are you ready to take this make or break step and catapult your enterprise into the big time?
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