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Special EU & EURO Warning – December 14, 2011Offshore Jurisdiction Comparison 
Guatemala CorporationGuatemala Bank AccountAnonymous Master Card and VisaHigh Limit Anonymous Offshore Visa & MasterCardAndorra Private Banking Swiss Forex and CFD Trading AccountFOREX and FUTURES Bank Account for BrokersForex Professional Broker Trading Accounts Offshore High Risk Merchant Accounts
Second Passports and Citizenships – Read this First PleaseWhy You Should Use USPensionado/Poor Man's Second PassportPoor Man's Second PassportSecond Passport and Second Citizenship ProgramsGuide to Economic Citizenship Passport ProgramsGetting Out of Dodge – May 18, 2012Getting Out of Dodge – May 14, 2012Getting Out of Dodge – May 11, 2012Getting Out of Dodge – May 9, 2012Getting Out of Dodge – May 7, 2012Getting Out of Dodge – May 2, 2012Getting Out of Dodge – Apr 26, 2012Getting Out of Dodge – Apr 25, 2012Getting Out of Dodge – Apr 23, 2012Getting Out of Dodge – Apr 12, 2012Fall of the American Empire – Update October 22, 2011Fall of the American Empire – Update October 15, 2011Fall of the American Empire – Update October 13, 2011Fall of the American Empire – Update October 12, 2011Fall of the American Empire – Update October 4, 2011Fall of the American Empire – Update September 26, 2011Update on the Panama USA Tax Treaty – Dec. 1, 2010Panama and USA to Sign Tax Treaty for Exchange of Tax InformationRead This Before Considering Panama as a Offshore JurisdictionPanama Ending Anonymous Bearer SharesPrivate Offshore Panama Bank AccountHow to Get a Non– Freezable Bank AccountPanama Virtual Office for Panama Bank DepositsPanama Real Estate Purchaser Legal RepresentationMolotov Cocktail Riots in GreeceIraq Dinar Revaluation – Exercise CautionReduce Legal Bills – Outsource Legal Work to IndiaDon't Travel With Your Gold CoinsSingapore Caves in to OECD Tax TreatiesGoing Off the US DollarOECD Tax Treaty Compliance FailingImportant Banking News Alert – Bank Reference LettersWhat Do You Want To Protect?Private Offshore Panama Bank AccountPanama Virtual Office for Panama Bank DepositsImportant Banking News Alert – Bank Reference LettersReal Estate Asset ProtectionPanama Real Estate Purchaser Legal RepresentationAnonymous No-Name Debit ATM CardThe OECD and the Tax HavensAnonymous Visa Cards (New May 2009)Asset Protection – Gold, Silver, USD, Euro, Yen, Swiss FrancNevis OverviewNevis Economy, Currency Exchange Controls, and Economic LegislationNevis Government and Legal SystemObama Muslims and Women's RightsAmazing Obama Birther Case Hits Supreme Court – 10/5/10Retired Three Star General Pushes Against Birth Certificate Free ObamaObama Wants Your Pension/Retirement MoneyObama and His AgendaElena KaganRetired US General Calls for Resignation of Obama - NowObama Kenya Birth Certificate Pops UpEU Times Online Publishes an Expose on Obama IneligibilityArizona Stands Against ObamaKenyan Government Official Cites Obama as Being KenyanLatest Obama Rumors – Columbia UniversityIs Obama a Muslim?The Farce of the G–20Obama Muslim StampObama and CommunismObama Scary TruthsObama Kenya Birth Certificate ObtainedObama Hidden Tax IncreaseThe Obama Not Qualified CaseObama Birth Certificate FraudObama Playing Golf with UBS America President Robert WolfAsset Protection in the USAWhat Will You Do if the FDIC Fails?Municipal Bonds – The House Built on Sand CollapsingDead Birds and Fish – Is this Bible Prophecy?Student Loan BubbleObama and this Once Great NationAlex Jones Calls the FBI Walmart Hotline to Report Terrorists (Government Officials)Mexico Trying to Cut Back on US Dollar UsageLet's Talk Broke States and Welfare FraudStory of A Police Department Falling ApartPolice Layoffs Ripping Through the USASen Michael Bennet Forget to Close Mic, calls Senate Vote RiggedTake Money Out of Banks to Collapse their SystemReal IRA Threatens to Blow Up London Bankers and BanksFrench Taking Money out of the Banks on December 7, 2010Anti-Austerity Protest Demonstration Spread Throughout EuropeEU Gives Americans Rights to Access All EU Bank AccountsBritish Expats Returning To UKUK Cracks Down on Six Million Tax ExilesFrance Obtains Stolen Bank Data From SwitzerlandEvery 30 Seconds Thugs Attack Someone in UKBritish Police Raid 6,717 Safe Deposit BoxesItalian Police Raid 76 Branches of Swiss BanksNetherlands Closing Prisons due to a Lack of PrisonersUK Parliament Member Verbally Attacks UK Prime Minister Brown (Brutal)EU Civil Unrest Starting!UBS Swiss Bank Closing Accounts of AmericansTranslate this page into...
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Executive Summary – The Swiss agreed to turn over 4450 names of depositors at UBS bank plus previously another 300 or so were turned over. These records of course include account holder information, beneficiary information and transaction records, history, balances, etc. These people may be hit with a tax bill, especially those from the USA but that can be just the tip of the iceberg. These bank records can easily be entered into the public domain by the IRS, Revenue Canada, HM Revenue and Customs etc. This can create numerous additional problems for the account holders.
Public Domain Problems – The tax authorities can easily get the Swiss banking records or any other offshore banking records they have into the public domain. Getting the records lawfully in the first place is the trick. The Germans actually got Lichtenstein banking records in what appears to be an illegal way yet these records were used extensively by numerous nations anyway. The high tax nations have an attitude that the laws apply only to you not them. They can file liens, court cases, criminal cases or flat out just enter the info into public records. The tax authorities are the enemies of bank secrecy and will do whatever they can to defeat its value. They are tax consumers, not tax payers and are of course biased against bank secrecy and offshore tax havens. Once the banking records get into the public domain adversaries from old divorce cases, bankruptcy cases or civil cases can use these records to impeach financial testimony and of course go after these assets since they now know that they exist, how much there is, for how long these assets were around and where they are.
The home country courts can be used to compel the account holders to repatriate the assets into the jurisdiction of the courts so the funds can be attached. Failure to do so can be considered contempt of court so once the bank records re discovered moving the funds to another country will not accomplish much. If the person leaves the jurisdiction of the court and goes to another nation before any such orders are issued and relocates the funds to another country then they might be able to thwart such efforts of the court to attach the funds. This of course can be construed as a fraudulent conveyance, criminal or civil. In Divorce cases statue of limitations can go forever when it comes to filing false financial statements. This can open up perjury charges too although the defendant may be able to argue statue of limitations on a criminal charge if the filing of the financial forms was many years ago but the ex seeking money compensation may still be able to prevail and collect. An article similar to this was carried by Time magazine very recently and can be found here:
Ex-Wives Eagerly Await UBS Tax-Cheater List
We have been discussing governments releasing secret banking information into the public domain for years. Now it may be a happening in wholesale quantities.
Reading Between the Lines – The high tax countries behind the OECD have hopelessly toxic banking systems. These banks will never ever be healthy again. They print fiat money with vigor. Now they are attacking the offshore tax havens. The idea is to scare their constituents into confessing and paying past due taxes, penalties and interest under threat of dying in prison. Then the idea is these people have already paid the taxes so may as well bring the money back to the home country and deposit it into one of the toxic banks. Well that is their plan, not what is going to happen. The other thought is that this attack will cause capital flight from the tax havens and thus push their banks into failure from lack of liquidity. In some offshore tax havens this may very well occur. They are going to cause some damage for sure but it is still too soon to tell how things are going to go. We are seeing many nations dragging their feet about signing these new treaties and a few nations outright saying they a re going to resist. The net difference to the OECD tax collection efforts between an outright statement of rebellion and lip service with no action is zero.
Trust Agreement – We again emphasize International Trust Agreement Banking as the protective measure against privacy invasions that may or may not get worse with the offshore banks. For more information on trust agreement banking go here:
International Trust Agreement Banking
For more information on what we consider to be a secure jurisdiction today go here:
For Anonymous Credit Cards go here:
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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.
