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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER
Your Link to Freedom, Privacy & Prosperity in the Offshore World
Friday, December 26, 2003 - Vol. 5 No. 153
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In This Issue:
* COMMENT: Who Needs a Second Passport?
* OFFSHORE: IRS Still Chasing Offshore Credit Cards Tax Evasion. Ireland Adopts EU Tax Directive. New Manx Corporate Law. Spain Attacks Gibraltar Rights Again. Parmalat & the Caymans.
* WEALTH: 2004 Investment Projections, Business Week, Fortune, Asian Corporate Review.
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COMMENT: Who Needs a Second Passport?
Dear A-Letter Reader:
The English political philosopher Edmund Burke (1729-97) observed in another time: "Early and provident fear is the mother of safety."
That's still good advice for world travelers. Safety means travel using a national passport that keeps the bearer as far away as possible from controversy. Travel in the Middle East, the Balkans, parts of Russia or Asia using a US passport may mean you're a target for terrorism.
But there are even more attractive reasons to obtain a second passport. Holding a passport from any of the European Union nations gives you the valuable right to live, work and do business in every one of the EU nations.
Second passports can be obtained as a matter of right based on your past ancestors born in nations such as Ireland, Italy or even the United Kingdom. If you can afford it, "economic citizenship" can be obtained at a price from the two nations that still sell these; Dominica and St. Kitts and Nevis.
There's no need to surrender your current US passport if you do acquire a second passport. US law fully supports the right of Americans to enjoy dual citizenship. And the Sovereign Society offers a special second passport program for its members. Just click below to learn more.
In an unsettled world, acquiring a second citizenship is a wise decision, an investment in your future. Your second citizenship is a choice for life and that protective shield can be extended to your spouse and children as well.
That's the way that it looks from here.
BOB BAUMAN, Editor
PS: If you want to know more about second passports and offshore residency, here's how to obtain my book on these important subjects.
LINK: http://www.agora-inc.com/reports/190SGOPS/W190D342/
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COMMENT LINKS:
* Benefits of economic citizenship by investment.
LINK: http://www.henleyglobal.com/m-citizenship.html.
* More information on economic citizenships:
LINKS: http://www.henleyglobal.com/dominica.htm
http://www.henleyglobal.com/stkittsnevis.htm
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* OFFSHORE *
I.R.S. AGAIN DEMANDS OFFSHORE CREDIT CARD RECORDS
A Florida credit card processing firm has been ordered to turn over
records to the IRS in an investigation of offshore tax evasion using
MasterCard, VISA and AmEx issued by banks in Anguilla, Antigua,
Aruba, The Bahamas, Belize, Bermuda, British Virgin Islands, the
Cayman Islands, Dominica, the Netherlands Antilles, Panama,
St. Kitts and Nevis, St. Lucia, St. Vincent & the Grenadines and
and the Turks & Caicos Islands. PDF LINK to USDC Court document:
http://clicks.optinpro.com/scripts/click.asp?i=20104488&u=905&t=2703
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IRELAND SWALLOWS THE E.U. TAX DIRECTIVE
DUBLIN: Banks must inform tax collectors of all EU citizens accounts.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14564
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NEW CORPORATION LAW IN ISLE OF MAN
DOUGLAS: Re-domiciling OK, more regulation, bearer shares dead.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14555
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SPAIN KEEPS ON PUNISHING GIBRALTAR
Trying to exclude The Rock from trade with all of Europe?
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14551
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CAYMAN ISLANDS STAR IN PARMALAT COLLAPSE
$11 Billion Ruse Suspected as Parmalat Files for Bankruptcy. LINK:
http://www.nytimes.com/2003/12/24/business/worldbusiness/24CND-PARM.html
* Cayman high court asked for bankruptcy relief. LINK:
http://money.cnn.com/2003/12/25/news/international/parmalat.reut/?cnn=yes
* Fraud charges against company officials.
LINK: http://www.tax-news.com/asp/story/story.asp?storyname=14547
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* WEALTH *
BUSINESS WEEK 2004 INVESTMENT GUIDE
The US economy is heating up and so is the stock market. LINK:
http://www.businessweek.com/magazine/toc/03_52/B38640352yeinvest.htm
* Investment gurus see big 2004 offshore opportunities. LINK:
http://www.bradenton.com/mld/bradenton/business/7535579.htm
* US GDP roars ahead at 8.2% in 3rd quarter; best in 20 years. LINK:
http://news.yahoo.com/news?tmpl=story2&cid=668&u=/ap/20031223/ap_on_bi_go_ec_fi/economy_5&printer=1
* US mutual fund troubles are spilling over into Europe. LINK:
http://www.nytimes.com/2003/12/21/business/yourmoney/21euro.html
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FORTUNE MAGAZINE 2004 STOCK PICKS
The top picks from 50 great investors. LINK:
http://www.fortune.com/fortune/specials/2003/investorguide/index.html
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2003 REVIEW OF ASIAN CORPORATIONS
11th annual Far Eastern Review survey of Asian business.
LINK: http://www.feer.com/articles/2003/0312_25/tw.html#r2
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Jan. 23-26, 2004 - Latin America Investment Symposium ~
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LINK: http://www.ildiscoverytours.com/conf/nica0104/ss/
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THE SOVEREIGN SOCIETY OFFSHORE A-LETTER. *
Bob Bauman, Editor * Daniel Aponte, Jr. Research Asst.
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