Wager Island becomes the largest "virtual real estate" transaction reported to date. Wager Island is an online gaming package designed to capture a gambling niche in the multi-billion dollar online gaming industry. Rather than traditional casino games and online poker, Wager Island offers alternative online gaming in a fantasy socio-economic island environment.
CyberCriminals Have Stolen Over Two Million Credit Cards Worldwide and Counting
Secure Science Corporation (SSC) has identified and recovered more than 2 million stolen credit cards since January of this year using their exclusive Global Surveillance Center (GSC). The majority of this stolen data is being recovered from malicious software installed on users’ computers via a technique dubbed “Key-Logging”. SSC announces the launch of a revolutionary “real-time” solution to counter these fraudulent attacks -- IntelliFound, an alert signature system compatible with IDS/IPS systems that profile web activity.
The white ghost ship rolled in the Atlantic swell as the rescue boats approached it 70 nautical miles off Ragged Point, one of the most easterly places on the Caribbean island of Barbados.
The yacht was unmarked, 6m long, and when Barbadian coastguard officers boarded it, they made a gruesome find. The boat's phantom crew was made up of the desiccated corpses of 11 young men, huddled in two separate piles in the small cabin. Dressed in shorts and colourful jerseys, they had been partially petrified by the salt water, sun and sea breezes of the Atlantic Ocean. They appeared to have come from far away.
In defiance of a recent ruling of the World Trade Organization, the House Judiciary Committee in the U.S. today approved two Internet gambling bills that ignore the United States’ commitment to free and fair trade with other countries. Trust Antigua to be amongst the first to make noise in the media and expect to hear more from the Island Nation, as they have a strong case and every reason to continue the fight.
Tax is the driving force behind 'offshore', but for the great majority of well-off individuals considering offshore investment, tax is not directly an issue. They reside in high-tax areas such as the EU, the US, Canada or Japan, they pay their taxes, and if they make 'offshore' investments, it is in pursuit of higher returns, and without any intention to evade taxes in their home countries
QUESTION: I have seen references in various newsletters that one method to legally save taxes offshore is by an investment into an offshore variable annuity. Can you please advise what is the meaning of the word 'variable' ( in IRS terms ) insofar as it relates to interest payable and term of investment.? Does this mean that an offshore fixed term, fixed interest annuity is not a suitable offshore tax saver? Also, can you confirm that interest received from an offshore variable annuity is to be taxed as a dividend by the IRS ?
by George Farrugia
Serious gaming companies understand the importance of a reputable licence. Being perceived by players as safe and credible will provide greater credibility to online game sites and therefore assist in making them more competitive on the market. Maltese Gaming regulation can offer precisely than but also coupled with favorable tax regimes and a professional operating environment.
by Jonathan Curshen
No one likes to think of his own demise. But in reality, where I virtually think we are, none of us are immortal. Few of us wish to take on the task of estate planning, not only due to the unpleasantness of thinking of our own eventuality, but there is the additional burden of having to sort through the jungle of unfamiliar terms and concepts.
The Offshore Business Magazines are partly created by a world-wide netowrk of contributors (Offshore Service providers, Law Firms, Accounting Firms and Businessmen) dedicted to producing a quality educational and informative magazine free-of-charge, for the benefit of those doing business offshore.
Every issue the magazine gets better, issue number 7 has been released and it's free by clicking here.
R David Finzer is an acknowledged expert with some 20 years experience in international corporate planning, he gained wide international experience as: Managing Director of the LIFE Offshore Group in Nevis and Grenada, Deputy Chairman of Trinity International Bank in Montenegro, partner in Finzer & Richardson in Washington, D.C., Chairman of the Conservative Action Foundation in Washington, D.C., and on the Executive of the World Anti-Communist League.
Capital Conservator Treasury Services S.A. (CCTS) is not a bank, nor is it a bank introduction or bank account opening service. CCTS works like a trust company, it holds deposits and makes investments for its clients using its own accounts in order to protect the privacy of its clients.
What do Cuba’s fatigue-wearing president Fidel Castro and Monaco’s playboy bachelor Prince Albert have in common? Not much other than lofty positions and vast fortunes. It's a diverse group that includes a British queen, an African dictator and a few Middle Eastern potentates.
Have a read of Forbes Fortunes Of Kings, Queens And Dictators.
If money makes the world go around, then offshore financial centers (OFC's) are the power outlets for the energy source to keep the globe spinning. Whatever can be said about the negative effects of tax-havens, is overshadowed by the positive benefits that the Information age has had on the planet and a byproduct of the Information Age, or Digital era, as some people call it, is improved trading relationships between the countries of the world.
Globalization is a relatively new word in our lexicon and defined by www.dictionary.com as follows; The tendency of investment funds and businesses to move beyond domestic and national markets to other markets around the globe, thereby increasing the interconnectedness of different markets.
While there's no stopping globalization, or smart people from avoiding taxes, there is another side to the coin, and a major issue that needs to be discussed openly by developed nations, and that's the issues related to tax evasion.
Offshore tax havens, spread by new computing and telecommunications, provide an unprecedented tax shelter, enabling rich citizens and corporations to escape the national tax system. Wealthy tax evaders save millions, while public services and infrastructure in their home countries, as well as on the small island havens, remain drastically underfunded. According to the Global Policy Forum.
888.com the Online Casino Company announced at its Annual General Meeting held in Gibraltar on Wednesday that net gaming revenues rose 42 per cent to $84 million in the first quarter compared with the same period last year, with poker revenues of $39 million and casinos bringing in $45 million.
The group, which increased its active users to 319,374 over the first quarter period, added that the 17-day World Snooker Championship it sponsored drove up its exposure in a market dominated by its far larger rival PartyGaming.
If you ever wanted to know anything, and I do mean anything about Bermuda, then you need look no-further than Bermuda Online a massive portal of 120 websites all interconnected by in-depth articles, reports, maps, pictures and statistics.
The Bermuda Online site is is owned and supported by The Royal Gazette international daily newspaper of Bermuda, which therefore gets exclusive copyright credit. It is edited, written independently, updated and web mastered by disabled Bermudian author and international journalist Keith Archibald Forbes.
Experts on international business and finance say the tax haven countries house more millionaires per square inch than Wall Street. These tax haven nations have deliberately courted the interest and favor of multinational companies and operations. They have, essentially, passed flexible legislation that permits whatever form of organization is required to conduct tax-free or tax-almost-free operations.
The "sovereign democratic federal state" of St. Christopher-Nevis (as its 1983 constitution ceremoniously describes it), has a governmental form and name almost bigger than its population (45,000), and total land area (267 sq. km.).
But this tiny West Indies island nation, known to the natives as "St. Kitts-Nevis," has become very big in certain exclusive international financial circles. That's because Nevis has no taxes, extremely user-friendly incorporation and trust laws, and an official attitude of hearty welcome to foreign offshore corporations and asset protection trusts.
By Tim Rogers
Nicaragua hopes a new call center will attract business from companies wishing to outsource.
MANAGUA, Nicaragua - Trying to establish a toehold in a fast-growing industry and polish the country's image, the Nicaraguan government has opened a call center in a new $4 million building -- without a single client.
Switzerland has emerged as the country with the highest quality of living in a survey designed to help governments and multinational companies place employees on international assignments.
According to the annual World-wide Quality of Living Survey by Mercer Human Resource Consulting, Zurich ranks as the world's top city for quality of living, scoring 108.2 - marginally ahead of Geneva which achieved a score of 108.1.
by Emily Swoboda -
Online auction company eBay, and its online payment service, PayPal, are backing Rep. Bob Goodlatte's, R-Va., Internet Gambling Prohibition Act, despite PayPal's growing involvement with the online gambling industry.
Brian Bieron, senior director, federal government relations for eBay, sent a letter to Goodlatte, dated March 14, 2006, commending him and his staff for introducing "commonsense legislation" to combat illegal Internet gambling in the United States.
