Make a deal with your creditorsWritten by Fredric Johnson
Are you unable to pay your bills? Pick up your phone and call your creditors; you will be surprised at goodwill most creditors and collectors give persons who bothers to pick up phone and make an agreement.You should not loose your night sleep or turn into a nervous wreck because of your inability to pay some bills. In most cases you do not even need help from others to solve problems, a phone call to bill collectors is usually enough. Yes, you will feel embarrassed when you call some stranger and tell them that you are unable to pay your debt and you will most likely feel like a beggar. The short moment of embarrassment is however, a low price to get your financial issues straightened. Here it was you should do. Find your invoice that you are unable to pay, if you have more than one invoice and are unable to pay all of them, choose invoice with lowest amount. Find phone number to invoice issuer, you will most likely find phone number at invoice, and call it. One important notice: you will most likely be transferred between two or more people before you reach someone who can help you. Be prepared to explain your situation more than one time and be prepared to be waiting on hold for a long time. Surprisingly many people give up because of these small, maybe irritating, details. Do not give up; explain, wait, repeat, wait, etc. Accept that this is how it works and don not get frustrated, your mission is too important. When you finally reach someone who has authorities to help you, be humble. Explain person that you have some economical difficulties this month and that you are unable to pay your debt. Note that you will have a much stronger case if you are able to pay some of your invoiced amount immediate. Here are some of possible outcomes of your conversation:
| | Continuing change in the Offshore WorldWritten by The Chesterfield Group
The offshore financial centres have been forced in recent years to review almost every aspect of ways in which they operate in response to international anti- money laundering laws and initiatives by major economies such as E.U. and U.S.A. to increase co-operation in areas of preventing tax avoidance and tax evasion. These pressures continue and it is clear that only way forward is for these centres to eliminate, as a priority, all forms of discrimination between different classes of taxpayer. Some jurisdictions have taken active steps to secure their futures, but some have difficulty in doing so and some are having to give up struggle.Gibraltar’s tax haven status to be scrapped Gibraltar is an example of a territory with a discriminatory tax regime. A non-resident may form a company there, which pays an annual flat tax of between £225 and £300. The same company owned by a local resident may pay tax at 35% on its profits. Gibraltar is a member of E.U. and a dependent territory of U.K. It was recently announced that Britain, threatened by Court action, has given into E.U. demands to abolish special tax regime. The Gibraltar exempt company regime will accordingly close as from July 2006 and will be abolished altogether in 2010. In intervening period number of companies benefiting from scheme will be capped at 8464 and any company, which changes ownership, will lose benefit immediately. Jersey Jersey is another territory, which may encounter problems. It relies heavily on financial sector for its revenue, much of which is generated from a flat corporation tax on companies, owned by non residents, but conducting their trading activity elsewhere, in much same way as Gibraltar.
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