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belize: Swiss Banking Secrecy Laws EVAPORATING! - 06/27/09 08:10 AM
Switzerland and the United States have agreed on a new Tax Information Exchange (TIA) Agreement, a further erosion of offshore banking secrecy. The new agreement will allow the U.S. greater access to banking records regarding Americans with Swiss accounts. Americans who have relied on offshore secrecy to avoid getting caught by the IRS need to re-examine their strategy. IRS guidelines require citizens to pay taxes on all their worldwide income. Many issues remain about the agreement: whether it will be narrowly tailored to requests regarding specific people, or more general fishing expeditions, like the ‘John Doe' summons the United States is
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belize: The 8 Biggest Mistakes in Offshore Real Estate...and How to Avoid them! - 07/16/08 09:19 PM
It doesn't matter if you are a broker, agent, loan officer or an investor, what you DON'T know exceeds that which you DO know when it comes to investing outside of the United States. For most people, this "unknown" is enough of a hindrance to prevent us from enjoying the tremendous upside of investing abroad. If you have watched the real estate markets for more than a dozen years, you've seen ups and downs before, of course. Why is it then, that THIS particular downturn seems different? Is it the rapiddecline of values? Was it the news that Fannie Mae and
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Doug Crowe
Wheaton,
IL
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