THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Privacy & Prosperity in the Offshore World
Wednesday, December 22, 2004 - Vol. 6 No. 246
============================================
In This Issue:
* COMMENT: Monaco - Gracious Living, Zero Taxes.
* OFFSHORE: Hong Kong Warning. Bush Loves Putin.
* WEALTH: IRS Loses Another Round. RBS Says No to Foreigners.
* PRIVACY & RIGHTS: U.S. Police State. Sad Elections Numbers.
============================================
ADVERTISEMENT: Payoff of a Lifetime:
A Company that Fights Cancer & Terrorism Too A Silver Bullet that conquers nature's deadliest disease is about to 'Go Public'. A small US company - already raking in revenues of more than $1 Billion and showing net profits of over $130 million - will post explosive gains in both sales and profits in the weeks ahead. Those who own the stock are - in effect - holding a winning lottery ticket.
To learn more visit:
LINK: http://www.agora-inc.com/reports/OXF/WOXFEC22/
============================================
Guest comment is by Sven Lorenz, a London-based German native who has written for over 30 publications in 7 nations. He specializes in finding undervalued corporate shares and investments in global markets.
============================================
COMMENT: Monaco- Gracious Living, Zero Taxes.
Dear A-Letter Reader:
Any mention of Monaco probably conjures up glamorous casinos and streets lined with luxury shops. But there is more to see, as I found out on a recent trip to the world's second smallest country.
For starters, Monaco has the same kind of street side cafés you find in France, there are three sand beaches to choose from (though two of them charge visitors a fee), and, for a moment of quiet reflection, you can retreat into the ruling family's Japanese Garden.
Despite only being 1.2 square miles in size, the 700-year-old principal- ity offers just about any amenity you might want. Besides, the Cote d'Azur's other attractions are all nearby. We went to gorgeous St. Jean Cap Ferrat one day, which is only a 20 minutes drive away. The nine mile walk around the Cap Ferrat peninsula takes about three hours and is one of the most scenic I've experienced. Bring good walking shoes, since parts of the footpath are hewn into solid rock!
Monaco currently has 32,000 residents, of which 80% are foreigners. Property prices are on par with London and Paris:
* A 19-square-meter (204 square feet) studio in an old building near the port is on offer at €245,000 ($312,000).
* Fontevieille is Monaco's newest borough, built in the 1970s on land reclaimed from the sea. A two room apartment with sea view, 55 square meters (588 sq ft) of inside space, and 20 square meters (214 sq ft) of loggias, a cellar, and a parking space is for sale at €1.08 million (US$1.37 million).
* If money is no object, €6.5 million ($8.28 million) buys you a 190- square meter (2,033-sq ft) apartment with six rooms and a 71 square- meter (760-sq-ft) terrace. Two cellars and two parking spaces are thrown in, and the apartment is located in the most sought after part of town, near the Casino's Golden Square.
Residents of Monaco clearly view the sky high prices as a bargain once they take their tax savings into consideration. (The principality repealed its income tax in 1870, and not only is the personal income tax 0%, but you don't even have to keep account records.) Monaco's zero tax regime is set in stone and prices are therefore likely to continue to rise. There is, however, a little-known way to invest in Monaco property at a substantial discount, and anyone with a few thousand dollars to spare can profit from Monaco's booming real estate market. We reveal more on this in International Living's December print issue, available now to subscribers (see COMMENT LINKS below).
Sven Lorenz, London
E-mail: s.lorenz@innomega.de
Editors Note: You can learn more about Monaco as a tax haven in
my new book, Where To Stash Your Cash Legally. Click on the link below,
LINK: http://www.agora-inc.com/reports/190STHOW/W190EC01/
============================================
COMMENT LINKS:
* Subscribe to International Living, click here, LINK:
http://www.agora-inc.com/reports/IL/WILVEC39/
* All about Monaco.
LINK: http://www.odci.gov/cia/publications/factbook/geos/mn.html
* Monaco residency: LINK: http://www.monaco-consulate.com
* Monaco web sites: LINKS: http://www.afim.mc/en/index.html
http://www.visitmonaco.com http://la-cote-dazur.com/stjeancapferrat/
* Monaco broods future after Rainier's reign. LINK:
http://www.washtimes.com/upi-breaking/20041216-124353-2323r.htm
============================================
* FROM THE EDITOR'S DESK:
* OFFSHORE:
* A WARNING TO BEIJING'S HONG KONG PUPPET
We see Hong Kong as the offshore financial gateway to China and Asia, with low taxes, useful laws and excellent professionals. But Communist rulers in Beijing see Hong Kong as a headache made worse by the political mismanagement of their hand picked boy, Tung Chee-hwa. Whether he goes or stays, Hong Kong, the haven, will prosper.
-----
BUSH LOVES PUTIN
Vladimir Putin is a throw back to the Russian csars of old. His arrest of oil tycoon Mikhail Khodorkovsky and the confiscation of his company, Yukos oil, has driven out and away millions in needed investment capital. By his sinister silencing of a major political opponent, ex-KGB agent Putin showed his true totalitarian streak, a brutal use of force at which the czars would smile. Putin's acts have called into question the right to private property and the state of 'democracy' in Russia. But he and George Bush have a 'relationship' and the US president still wants to keep it friendly. (Not another Medal of Freedom, we hope!)
============================================
WEALTH:
* IRS ANTI-TAX SHELTER SUIT WITHDRAWN
SAN DIEGO, California: After a US federal judge ruled that the IRS had no right to freeze a half billion dollars in the accounts of 5000 doctors and dentists who used a disputed tax shelter, the US Justice Dept. has withdrawn its civil suit against the tax shelters promoters. Every now and then the law exacts true justice. But not often enough.
-----
ROYAL BANK OF SCOTLAND SAYS NO TO FOREIGNERS
Unless they have a one year employment contract, RBS says new UK anti-money laundering laws require them to deny bank accounts to foreigners living in the UK. How dumb is that?
============================================
PRIVACY & RIGHTS:
RON PAUL SAYS THE U.S. POLICE STATE IS HERE
WASHINGTON: "In 2002 I asked my House colleagues a rhetorical question with regard to the onslaught of government growth in The post-September 11th era: Is America becoming a police state?
"The question is no longer rhetorical. We are not yet living in a total police state, but it is fast approaching. The seeds of future tyranny have been sown, and many of our basic protections against government have been undermined..."
-----
DISTRESSING ELECTION NUMBERS
George W. Bush received endorsement from a meager 28% of the nation's voting aged population, while his challenger, John F. Kerry, was backed by some 27% of eligible voters. The Campaign Finance Institute estimated outlays by the two major parties totalled $685 million, $30 million directly picked out of the pockets of taxpayers.
============================================
ADVERTISEMENT: The $61,275 Breakfast Plate How your morning coffee, bowl of cereal, and maybe a donut on your way to work can make you $61,275 in just 11 months. You probably don't see dollar signs when you look down at your breakfast plate in the morning. Yet the single best investment analyst I know thinks you should.
Read on...
LINK: http://www.agora-inc.com/reports/CTA/WCTAEC00/
============================================
OFFSHORE LINKS:
* China President Warns Hong Kong Leader; Do Better Job. LINK:
http://www.nytimes.com/2004/12/21/international/asia/21macao.html
* Cato tells what Beijing needs to learn from Hong Kong.
LINK: http://www.cato.org/research/articles/dorn-030926.html
* Bush standing by relations with Russia's Putin. LINK:
http://www.washtimes.com/world/20041220-101920-7086r.htm
-----
WEALTH LINKS:
* US Drops Tax Lawsuit Against San Diego Firm.
LINK: http://www.nytimes.com/2004/12/20/business/20xelan.html
* Judge lifts asset freeze in doctors' US tax shelter case.
LINK: http://www.nytimes.com/2004/12/05/politics/05tax.html
* Scottish Bank to restrict foreign workers' new accounts.
LINK: http://www.theherald.co.uk/news/30163.html
-----
PRIVACY & RIGHTS LINKS:
* It Can't Happen Here? US Rep. Ron Paul Says It Already Has.
LINK: http://www.lewrockwell.com/paul/paul225.html
* The US Elections: The ultimate sinkhole?
LINK: http://www.mises.org/fullstory.aspx?Id=1693
============================================
* Learn how to slash your taxes...build an iron wall of protection around your assets...create a lasting legacy of wealth. Find out more in our print publication, The Sovereign Individual. Click here:
LINK: http://www.agora-inc.com/reports/SVS/WSVSECFF/
============================================
THE SOVEREIGN SOCIETY OFFSHORE A-LETTER.
* Bob Bauman, Editor * Daniel Aponte, Jr. Editorial Asst.
SUBSCRIBE to The A-Letter FREE or send to a friend at
LINK: HOME
Please DO NOT respond directly to THE A-LETTER.
Send E-mail to: INFO@THESOVEREIGNSOCIETY.COM
============================================
* The A-Letter provides accurate information on the subject matter covered and advertisements displayed, so far as we can ascertain. We cannot certify the absolute accuracy of referenced articles nor do we necessarily endorse products advertised herein. The Sovereign Society advocates full compliance with all applicable tax and financial reporting laws. All LINKS are operative at time of publication.
* Nothing herein should be considered personalized investment advice. Although our employees may answer general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees should be deemed as personalized investment advice.
* We expressly forbid writers from having a financial interest in any security recommended to readers. All of our employees and agents must wait 24 hours after on-line publication prior to following an initial recommendation. Any investments recommended herein shoul d be made only after consulting your investment advisor and only after reviewing the prospectus or financial statements of the company.
============================================
THE SOVEREIGN SOCIETY Ltd., 5 Catherine St., Waterford, Ireland
TEL: 353-51 844 068 FAX: 353-51 304 561
Copyright (C) 2004. All domestic & international rights reserved.