umbertino Posted August 3, 2016 Report Share Posted August 3, 2016 How US tax inspectors fear firms and individuals are using Lord Ashcroft’s bank to hide assets and evade tax Simon Bowers Tuesday 2 August 2016 17.07 BST Lord Ashcroft’s BBI and BCS in Belize have been blacklisted by US tax authorities. Photograph: Alamy Stock Photo https://www.theguardian.com/business/2016/aug/02/belize-offshore-secrecy-ill-at-ease-with-uk-politics-and-us-authorities 1 Quote Link to comment Share on other sites More sharing options...
tjokie Posted August 4, 2016 Report Share Posted August 4, 2016 While I was there last year visiting one of the owners of The Placencia Lord Ashcroft's yacht was docked there having a party. The owner, Wayne Robbins, was telling me that he is known as a modern day pirate in some circles. He pulls a lot of weight in the Caribbean. I have no doubt that there is truth in the article. Also, while there in January, I spoke to a couple of folks in banking and did some reading in the local newspapers. It seems that many Belizean banks are difficulty with FATCA and Major Credit Card companies. If they want to continue to do business in USD for cc transactions they have to have a US affiliate relationship. In order to do this, they have to be FATCA compliant and it is incredibly expensive and taxing on their already burdened economy. There are a few banks who only do transactions in Belizean $ and it's not an issue, but losing the ability to conduct USD cc transactions could have a major impact on the tourist trade. Just added info I thought about. Not related to the article in question. 8 Quote Link to comment Share on other sites More sharing options...
Adam Montana Posted August 4, 2016 Report Share Posted August 4, 2016 In response to something that was posted in the VIP section: There are quite a few banks that no longer do business with US citizens thanks to FATCA. There are also a couple that still do, and I'm confident that my contacts in the banking industry will keep us operating our legal offshore strategies long into the future, despite what Uncle Sam likes or does not like. 12 Quote Link to comment Share on other sites More sharing options...
Muleslayer Posted August 4, 2016 Report Share Posted August 4, 2016 thank you for weighing in sir. as buddy on night court used to say, I am feeling much better now! 2 Quote Link to comment Share on other sites More sharing options...
RodandStaff Posted August 4, 2016 Report Share Posted August 4, 2016 Sandfly Adam!!! 1 Quote Link to comment Share on other sites More sharing options...
millionaire in training Posted August 4, 2016 Report Share Posted August 4, 2016 Thanks for chiming in........ 2 Quote Link to comment Share on other sites More sharing options...
Caye98 Posted August 4, 2016 Report Share Posted August 4, 2016 Hong Kong anyone? 2 Quote Link to comment Share on other sites More sharing options...
millionaire in training Posted August 4, 2016 Report Share Posted August 4, 2016 11 minutes ago, Caye98 said: Hong Kong anyone? YEP...... Quote Link to comment Share on other sites More sharing options...
Wiljor Posted August 5, 2016 Report Share Posted August 5, 2016 2 hours ago, Caye98 said: Hong Kong anyone? Anywhere relatively safe and quiet, if their is such a place Quote Link to comment Share on other sites More sharing options...
Adam Montana Posted August 5, 2016 Report Share Posted August 5, 2016 4 hours ago, Caye98 said: Hong Kong anyone? Hong Kong is amazing for asset protection and you better believe it's part of our OSI future! My last visit to Hong kong and Macau are still fresh on my mind... China is a big deal. 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted August 8, 2016 Report Share Posted August 8, 2016 Thanks for these post. I am looking forward to doing business on an international level. 2 Quote Link to comment Share on other sites More sharing options...
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