Recently in North America Category
For advice on International Financial Planning I recommend The Jacobs Report.
The Safe and Secure Internet Gambling Initiative
promotes the principles of safe and secure Internet gambling through
practices designed to protect consumers and ensure integrity of
financial transactions.Additionally, the Initiative is a resource for information about the Internet Gambling Regulation and Enforcement Act of 2007. The Initiative provides opportunities for individuals, organizations and companies to support the legislation and engage their elected officials. To learn more click here.
The online gambling industry's 'Public Outcry Capaign', meant to reveal the publics displeasure in this century's form of prohibition, is moving into phase two this week. Callers will be emphasizing to their representatives that the Unlawful Internet Gambling Enforcement Act should be repealed because it is in direct violation of a recent World Trade Organization ruling.
Recent events indicate that the US market for core banking systems will experience increasing rates of technology change, primarily driven by offshore suppliers. Offshore suppliers have experienced tremendous uptake for their new core system technology in developing markets, but are now developing strategies to penetrate the US market -- and recent wins in the US market suggests the US market is warming up to the idea.
by Vern Jacobs
There seems to be a huge amount of non-sense and some outright deception about the impact of tax havens and the alleged abuse of tax havens. The following comments are offered as an attempt to provide some balance to the arguments of those who rail against U.S. persons with foreign income, particularly in a so-called tax haven. This article is not copyrighted and I encourage readers to forward it to anyone who might be interested in shedding the light of truth on this subject. However, please don't alter or edit the article because it could easily change the intended meaning.
Internet gambling works around law meant to block it
Thinking of going online and wagering on a few games in the upcoming NCAA basketball tournament?
Uncle Sam doesn't want you to, but he's having trouble stopping anyone.
The government's latest effort to get Americans to stop gambling via the Internet has been largely ineffective, according to the online gambling industry.
Tips from Industry Expert on Travel Insurance Services
A surprising percentage of cruise passengers pay a visit to the ship's doctor and not always for a sunburn or hangover. Travelers planning a cruise should take a few simple steps ahead of time to prepare for the possibility of getting sick or hurt. This includes being up to date on immunizations and having ample medical and evacuation insurance that travels with them.
The Alberta Gaming and Liquor Commission (AGLC) today attempted to clear up Wednesday's media circus regarding the Province's alleged interest in I-gaming regulation.
"I guess some of the media had exaggerated and were basically saying that we were moving ahead with that, and that's not the case at all," said Stephanie Francis, a spokeswoman for the AGLC. "We're not moving ahead in any way."
by Vernon Jacobs, CPA & J. Richard Duke, JD, LLM
An Extensive Collection of Tax Reduction Alternatives that Are Sanctioned by the U.S. Tax Law and Will Work Anywhere in the World. Do you want to know how to save taxes offshore or just how to save taxes without getting into an argument with the IRS? Do you wonder if you are paying more taxes than the law requires? Then read on.
If you are reading this you are apparently a person concerned with not only protecting that which you have worked hard to obtain, that which you hope to build and acquire in the future, but also with making sure the products of your labor are protected and transferred to those you care about. Sadly, in a society with excessive government bureaucracy, high taxation, as well as persons with a predatory nature and little in the way of moral principles, building and protecting wealth and assets can be a difficult challenge.
5th OffshoreAlert Financial Due Diligence Conference
Educate and train yourself and your employees in the art of independently gathering and analyzing information with special sessions on Hedge Fund Due Diligence, Offshore Financial Centers, Russian Clients & Offshore Insurance.
Happy New Year to all of you! - (from Vern Jacobs)
Hopefully, the new year will be both prosperous and free of further restrictions on our liberties, but I'm somewhat apprehensive about the latter.
With a Congress controlled by the Democrats, the prospects for beneficial tax and economic legislation isn't favorable -- particularly in the international part of the tax law.
... because the 10% on top is glistening and gleaming and looks wonderful, and 90% of it that is hidden is filled with unknown dangers. The history of tax shelters in the United States has at best, been dubious, and at worst disastrous.
The biggest problem with a tax shelter is that it is intrinsically self-destructive. For a tax shelter to work it has to be a reportable item on one's tax return: in the form of a credit, a reduction, a set off, etc. As such, it is easily quantifiable by the IRS. As soon as any tax shelter really become popular, and starts to cut into the revenue collected by the IRS, they act to destroy it. In virtually every case, except for the venerable and sacrosanct home mortgage interest deduction, Congress agrees with the IRS that the tax shelter in question is an abuse and must be wiped out.
One of the most common motivations for those who venture offshore is the belief that they can avoid or defer U.S. income taxes with a foreign bank account, a foreign trust or a bearer share foreign international business company. Some of that belief is based on very old and outdated information. Some of it is caused by articles and information that is grossly over-simplified or taken out of context and therefore mis-understood. And, then there are the outright sharks and crooks who have no concern about giving blatantly false information to gullible U.S. taxpayers.
