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If your Government is among
few that tax worldwide income, hold your offshore assets in
name of a tax haven corporation. And a tax haven corporation eliminates issues involving
inheritance of your wealth. Consider how
Swiss banks and insurance companies treated
survivors of
Holocaust after World War II as a useful historical lesson.
Your country is probably among
majority of nations that actively try to discourage
middle-class from moving their assets offshore. There are always ways around this policy. Even during
height of
Cultural Revolution tens of millions of middle-class dollars fled to Hong Kong from Mainland China. The two Rhodesian Governments attempted everything within their power to stop
hemorrhaging of middle class wealth to Britain, before these countries became Zambia and Zimbabwe. Read a contemporary history of either country and you will learn that those who moved their wealth, be they black or white, are far better off today.
Methods vary on how to move money from countries with strong currency, or other restrictions, to banks in Europe or North America. The days of
"Black Bag" courier are over. The costs for money moving services are usually eight percent of
money moved. There are many crooks in
Global Village. The client should know
people involved in
money moving service. Also, you are usually wiser moving
smallest sum of money that
money moving service will handle.
The stronger your Government's prohibitions against moving your money offshore,
wiser it is to move your assets elsewhere. However, even in countries that are open to having their middle class globalize their assets, laws can quickly change. In 2001,
United States replaced
Bill of Rights with
Patriot Act in six weeks.
About
Author: William Cate has offered
Globalize to Survive Workshop for over a decade to middle-class investors in many countries. He's
Executive Director of
Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]. Since 1982, he's been
Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/]

He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]