Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (71748)	12/10/1999 3:25:00 PM
From: Alohal	Respond to of 132070

Michael, I wasn't calling anyone dumb, just suggesting TYC might be just a little smarter. Besides, don't you see the weather in Bermuda as an advantage!<gg>. Perhaps I'm just biased in favor of tropical settings!(-: Cheers Alohal

To: Michael Bakunin who wrote (71748)	12/12/1999 12:10:00 PM
From: nihil	Read Replies (1) \| Respond to of 132070

This is a very important question. Any company that has not investigated reincorporating in a tax haven is ignoring a real possibility. It is not even necessary to "break the law" to benefit. A wealthy individual should investigate establishing a living trust in a tax haven. It is possible thereby to preserve estates in full. It is possible for foreign entities to avoid US taxes perpetually. I would hold IP in a tax haven and accumulate and invest the proceeds tax free. Most countries hate tax haven, but do nothing about them. The reason I think is obvious. Many of the really smart lawyers, bankers, and economists have their own tax haven entities. It's easy enough to do.