Phil Donahue was interviewing free market economist Milton Friedman and wanted to know if Friedman had ever had a moment of doubt about “capitalism and whether greed’s a good idea to run on?” Friedman was quick in response:
“…is there some society you know that doesn’t run on greed? You think Russia doesn’t run on greed? [...]
Entries from September 29th, 2009
Greed Is Good : Michael Friedman Interview
September 26th, 2009 · No Comments · Economic News
Tags:American Presidents·Appointees·Automobile Industry·Bureaucrat·Capitalism·Commissar·Economist Milton Friedman·Free Enterprise System·Government Bureaus·Greed·Henry Ford·Market Economist·Michael Friedman·Milton Friedman·Moment Of Doubt·Ordinary People·Phil Donahue·Political Clout·Productive Activities·Self Interest
Top 20 Offshore Centres Rankings 2009
September 25th, 2009 · No Comments · Uncategorized
The 2009 Global Financial Centres Index, has published a list of top offshore centre. It sponsored by the City of London and it is compiled twice yearly by London-based Z/Yen Group.
This is how they faired
1. London (790)
2. New York (774)
3. Hong Kong (729)
4. Singapore (719)
5. Shenzhen (695)
6. Zurich (676)
7. Tokyo (674)
8. Chicago (661)
9. Geneva [...]
Tags:Boston·City Of London·Financial Centres·Frankfurt·Geneva·Hong Kong·Industry Executives·Luxembourg·Offshore Centre·San Francisco·Shanghai·Shenzhen·Singapore·Statistical Data·Surveys·Sydney·Tokyo·Washington Dc·Yen·Zurich
Set Up Cost for Seychelles Offshore Company
September 15th, 2009 · No Comments · Uncategorized
Seychelles has become a major player in the world of offshore company formation. One advantage in setting up a Seychelles offshore company is the low cost compared to other jurisdiction.
After the initial set up costs ongoing annual licensing costs are very low – namely USD 100 for companies with authorised capital of up to USD [...]
Tags:Advantage·Annum·Initial Set·Jurisdiction·Offshore Company Formation·Seychelles Offshore
Disadvantage of Offshore Investments
September 14th, 2009 · No Comments · Uncategorized
The major disadvantage of offshore investment is the cost associated setting up an offshore investment.
Offshore Accounts are not cheap to set up. Depending on the individual’s investment goals and the jurisdiction he or she chooses, an offshore corporation may need to be started. Setting up an offshore corporation may mean steep legal fees, corporate or [...]
Tags:1 Million·Account Registration·Company Accounts·Holding Company·Investment Goals·Investors·Jurisdiction·Minimum Investments·Money·Offerings·Offshore Account·Offshore Accounts·Offshore Corporation·Offshore Investment·Offshore Investments·Registration Fees
Offshore Tax Benefits for Expatriates
September 11th, 2009 · No Comments · Offshore Banking
One of the advantages of banking and investing offshore is the potential tax benefit. When you move abroad, your tax situation may change. You may be able to benefit from this by paying less tax on your income from savings and investments.
No tax deducted on interest earned. Interest on our offshore accounts is paid without [...]
Tags:Capital Gains Tax·Capital Gains Taxes·Death Duties·Expatriates·Inheritance Tax·Isle Of Man·Jersey Channel Islands·Jurisdictions·Money Investments·Money Savings·Offshore Accounts·Offshore Bank Account·Offshore Income·Offshore Investments·Offshore Savings·Offshore Tax·Personal Circumstances·Probate·Tax Benefit·Tax Situation
Offshore Advisor Fined For Misleading Clients
September 10th, 2009 · No Comments · Uncategorized
Uk? financial regulator FSA fined a UK offshore investment advisory firm, Henry Neil Ltd, £14,000 for failing to demonstrate that its advice on offshore investment bonds was suitable.
FSA director of enforcement Margaret Cole said: “This fine puts investment advisory firms on clear notice that they must have the right arrangements in place to ensure that [...]
Tags:Advisory Firm·Advisory Firms·Disciplinary Sanctions·Financial Regulator·Fsa·Investment Firm·Investment Recommendation·Offshore Investment Bonds·Relevant Costs·Suitable Advice
Steps to Set Up a Seychelles Offshore Trust
September 9th, 2009 · No Comments · Uncategorized
Seychelles offshore centre has grown to be a major destination for investor wishing to set up an offshore trust.
This are the feature & benefits of a Seychelles offshore trust as provided by Seychelles financial regulator.
One-off registration fee
The transfer or disposition by a person creating an international trust cannot be invalidated by any foreign rule of [...]
Tags:Accumulation·Amp·Beneficiaries·Beneficiary·Disclosure Of Information·Extenuating Circumstances·Financial Regulator·International Trust·Investor·Names·Offshore Centre·Offshore Trust·Registration Fee·Settlor·Seychelles Offshore·Seychellois
Reduce Your Taxes By Burning Your House Down
September 29th, 2009 · No Comments · Uncategorized
Seeing your house burn down can be a traumatic experience but believe it or not U.S. residents can organise for their house to be burned down and claim a tax refund from the IRS?
This is how it works.
Lured by the prospect of free demolition, homeowners around the country sometimes offer their houses to the [...]
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Tags:Burns·Charitable Tax Deduction·Churches·Corporations·Court Case·Demolition·Espn·Espn Commentator·Finance·Fire Department·Firefighters·Football Star·Hundreds Of Thousands·Internal Revenue Service·Irs·Loop Hole·Ohio State Football·Reduce Taxes·Tax Refund·Traumatic Experience