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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks -- Ignore unavailable to you. Want to Upgrade?

To: Magnifique who wrote (73)	3/5/2000 12:06:00 PM
From: CIMA	Respond to of 548

Taxable at your personal rate if withdrawn from your RRSP (and subject to a withholding tax upon withdrawal based on the amount withdrawn) or as a capital gain upon sale of securities. Offshore Banking/Trading goes On-line: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + OFFSHORE INTERNET BANKING GROWS ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Investment International magazine (Nov. 1999) tells us that 'offshore Internet banking is still in its infancy.' Even so, this infant has great adult potential. Several new Web banks deserve your consideration: 1) fsharpbank.com - based on the Isle of Man, it's the Web banking extension of the BANK OF IRELAND. Deposit accounts in all major currencies, credit and debit cards, tax advice and investment funds. Aimed at UK, Irish and other expatriates. 2) swissnetbanking.com - A Swiss bank account you can open over the Net! It's a subsidiary of MFC, an established merchant bank listed on the US NASDAQ and regulated by the Swiss Banking Commission. Offers total secrecy and is designed for trading equity shares. US$5,000 minimum. 3) offshore.hsbc.co.je - Jersey-based, it's giant HSBC BANK's first Web effort. It's 'interactive,' allowing tracking of investments. 4) everbank.com US-based EVERBANK is an Internet first. A bank with no bricks-and-mortar, no walk-in headquarters. With that low overhead, it offers significantly higher interest rates. Since Everbank is in the US, financial privacy is minimal if the government is interested in your finances. But high interest rates make it worth notice. We can vouch for Everbank's integrity; two of its founders are on the Sovereign Society's Advisory Board. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + MORE OFFSHORE ONLINE INVESTING ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Offshore investment Web sites are also multiplying. We previously recommended (Dec. 10) two such sites: ABBEY NATIONAL - abbeynational.co.uk HALIFAX BANK OFFSHORE - halifax-international.com Here's more offshore sites recommended by Investment International: GLOBAL ASSET MANAGEMENT - gamfunds.com FRANKLIN TEMPLETON - franklin-templeton.com FLEMINGS - flemings.com FIDELITY INTERNATIONAL - fid-intl.com (Don't indicate you're a US citizen or your choices will be limited). ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + WILL CANADA REPEAT US FORFEITURE MISTAKE? ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 'The Canadian government is about to reintroduce one of its potentially most dangerous legislative initiatives. Bill C-81 will try to turn financial managers into police informants, grant Customs officers the power to strip travelers of undeclared cash and create a new bureaucracy to sift through financial records without a targeted individual's knowledge or consent. All this is supposedly necessary to combat a scourge called 'money laundering' and to help take away from criminals the proceeds of their crimes. .................... 'The [forfeiture] frenzy has loaded the U.S. financial system with useless paper work, destroyed traditional guarantees against self-incrimination and double jeopardy and reversed the burden of proof. There is no need for police to even lay charges for a person's property to be taken. All it takes is a tip-off, which could be pure hearsay, from an anonymous and paid informant, and the owner then has to prove the legal origins of his/her property. The police, who are given performance bonuses based on how much they grab, shifted resources away from violent crimes towards lucrative ones, seizing cars, jewelry, boats, planes, houses and bank accounts. .................. 'And it is all unnecessary. There is no need for a crime called 'money-laundering.' Money launderers do not stick guns in people's faces or pass bum checks. They make deposits, wire money and set up foreign bank accounts - just like a lot of honest citizens do. Since no one can be convicted of 'money-laundering' without proof that the money came from some sort of criminal activity, the Crown should simply charge the individual who handles criminal money with participation in the offense that generated the money to begin with. Creating a stand-alone offense called 'money-laundering' is about as logical as creating a separate crime called 'driving the getaway car' for bank robbery cases. And it trivializes the real crime. ................... 'In short, Bill C-81 is superfluous in terms of its supposed criminal law objectives, and dangerous in terms of its potential impact on hard-won and easily-lost fundamental rights. It is time to tell the government to tailor law and policy to genuine need, not to mass media stereotypes and American police propaganda.' ~~~~~~~~~~~~~~~~~~~~~~~~~~~ SOURCE: Montreal Gazette (Dec. 4) montrealgazette.com article by R. T. NAYLOR, Prof. of Economics at McGill U., author of 'A History of Canadian Business' and part author of the study by the UN Office for Drug Control and Crime Prevention, 'Financial Havens, Banking Secrecy and Money Laundering.' LINK: Forfeiture Endangers American Rights: fear.org ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ + LIFE BENEFITS: The Sovereign Society's new PLATINUM Membership is on a roll with new sign-ups. This special member status gives you our monthly newsletter, THE SOVEREIGN INDIVIDUAL, plus all other membership benefits FOR LIFE. No more renewal notices and you'll always stay right on the cutting edge of the offshore world. PLATINUM Membership confers full discounts on all Society publications and conference fees. You get special E-mail alerts unavailable to other members. And as a sign-up bonus we'll send you our very latest research report, The OFFSHORE YELLOW PAGES filled with up-to-date contacts worldwide - and that too comes with free updates for life. Full details: E-mail to our international office at sovereignsociety@compuserve.com. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The Offshore A-Letter welcomes your comments & suggestions. Bob Bauman, Editor E-MAIL to: sovereignsociety@compuserve.com Unsubscribe: sovereignsociety.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ The A-Letter is a periodic Net publication of: THE SOVEREIGN SOCIETY 5 Catherine St. Waterford, Ireland TEL: 353-51 844 068 FAX: 353-51 304 561. MEMBERSHIP: One year, US$195/œ119 WEB: sovereignsociety.com Copyright (c) 1999. All domestic & international rights reserved. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Stockscape.com (STKSF) is a public company. 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