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Offshore Investing

Capital, like information, wants to be free. The idea that it should be limited to one country has always struck rich people as silly, which is why Swiss bank accounts, offshore trusts and Caribbean beachfront condos have been perennial big-sellers. But lately, the legitimate reasons for investing overseas have been joined by a couple of […]

 

Technology Ends Offshore Tax Evasion

by John Rubino on March 15, 2010 · 11 comments

Not so long ago, one of first things a newly-rich person would do was move some money into a numbered Swiss account or Cayman trust, where it would be safe from spouse, creditors, and tax collectors. Maybe not the most ethical way to behave, but what the hell, you’re rich and you can get away […]

 

Sharks in Offshore Waters, Part Three

by John Rubino on January 24, 2010 · 0 comments

Two things are certain about moving money overseas: First, it’s necessary if you want to shield at least some of your savings from the capital controls, wealth taxes and confiscations that will (not might) be imposed by over-indebted governments in coming years. Second, there’s a whole ecosystem of predators waiting to exploit the first-time offshore […]

 

Sharks in Offshore Waters, Part Two

by John Rubino on January 19, 2010 · 2 comments

Offshore investing is one of those things that’s easy to do but hard to do well. Whip out a reasonably hefty checkbook and you’ll find lots of smooth operators ready to sell you a Latin American beachfront condo, Swiss bullion account or sure-thing Chinese stock, all wrapped up in an impressive-sounding trust or LLC. But […]

 

Sharks in Offshore Waters, Part One

by John Rubino on January 15, 2010 · 8 comments

No matter where you live, it’s hard to escape the feeling that too many trends are moving in ominous directions. The U.S., besides running suicidal deficits, now wants to make investment income subject to Medicare taxes and convert 401(K)s to annuities, in effect nationalizing them. The Euro Zone is coming apart at the seams, as […]

 

The Super-Rich Are Spooked

by Jason on November 8, 2009 · 0 comments

A couple of seemingly unrelated articles in Friday’s Wall Street Journal illustrate how life is getting more complicated for the super-rich. First, it seems that the UBS debacle was not just a U.S./Swiss disagreement. Far from it. Now that the IRS has shown other high-tax countries how easy it is to pierce the veil of […]

 

The Net Tightens

by John Rubino on January 9, 2009 · 0 comments

Americans hoping to protect their wealth from a soon to be bankrupt and panicked government are finding that their options are few, and growing fewer by the day. The following article is reproduced in its entirety and without comment, because it speaks for itself. UBS closing U.S. clients’ offshore accounts By Lisa Jucca Lisa Jucca […]

 

More Good Timing For Peter Schiff

by John Rubino on October 26, 2008 · 0 comments

It’s been fun over the past few years watching EuroPacfic Capital’s Peter Schiff educate mainstream (i.e. clueless) economists and money managers on CNBC and elsewhere. My personal favorite is this one from 2006, in which Schiff gets everything right and a pathetic little economist named Arthur Laffer makes a complete fool of himself. A couple […]

 


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