Daily Investment Tips

In 2010 GE had $150 billion of revenue, and $12 billion of net profit. But in 2010, this massive and wildly profitable company paid Zero in U.S. income taxes, says the New York Times.

How General Electric Pays Zero Taxes and how you too can lower your taxes.

According to the NY Times article, GE aggressively lobbys for tax breaks and engages in innovative accounting that enables it to concentrate its profits offshore.

If you want to lower your taxes like GE you need to fiercely start lobbying your member of congress to make a case for lower taxes. If need be threaten him or her with refusing to vote for him/her next time. A more crazy idea is join the tea party movement.

Next, talk to your accountant and attorney about setting up an offshore trust fund that is designed to minimize your taxes. It might be expensive but if you have built a substantial fortune it might be worth it.

written by Constantine Njeru \\ tags: Accountant, Accounting, Crazy Idea, General Electric, Income Taxes, Lower Taxes, Member Of Congress, Net Profit, New York Times, Ny Times Article, Offshore Trust, Profitable Company, Profits, Substantial Fortune, Tax Breaks, Tea Party, Trust Fund

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 forced heirship.
• No restrictions on the accumulation of income
• Settlors or trustees themselves can be named as beneficiaries under the trust
• Sthe law governing an international trust is the law chosen by the settlor to be the proper law
• No requirement to mention the names of the settlor and beneficiary, unless the latter is a Seychellois
• An international trust is valid and enforceable in Seychelles

• Disclosure of information or documents relating to an international trust can only be effected in extenuating circumstances involving criminal activity

written by Constantine Njeru \\ 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