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Biotech / Medical : XOMA. Bull or Bear? -- Ignore unavailable to you. Want to Upgrade?

To: Bluegreen who wrote (7863)	11/28/1998 12:46:00 AM
From: aknahow	Respond to of 17367

Not really sure you were kidding, so I can't claim to have seen through, or rather anticipated that. My only excuse is that there are apparently many who reject the idea without being at all interested in seeing what the prospectus has to say, and if indeed taxes could be reduced without other serious drawbacks, that would be great. When do you think we will get a prospectus?

To: Bluegreen who wrote (7863)	11/28/1998 4:27:00 PM
From: aknahow	Read Replies (1) \| Respond to of 17367

Worth reading even though the focus is virtual companies. webcom.com AND from anoter site: uses of an offshore company Privacy is the underlying principle of offshore business, regardless of the choice of jurisdiction or the domicile of the individual or company undertaking such a course. The following summary describes a few of the more common uses for offshore companies; although anyone contemplating taking advantage of these or other uses is strongly advised to first obtain thorough advice from a qualified and experienced professional. 1. Investment Holding Investments held in an offshore company may completely avoid, reduce or simply defer income taxes, capital gains and estate taxes for citizens of those countries that have not enacted anti-avoidance legislation. 2. Trading Purposes Using an offshore company for import/export and through which to place orders and arrange payment for goods and services (re-invoicing) potentially reducing taxable income for eligible participants. 3. Investment and Finance Investment in sensitive stock transactions or cross-border financing and joint ventures may be effected through an offshore company for both privacy and fiscal benefits. 4. Mutual Funds Investment advisors and financial institutions may use offshore funds to reach a wider investor market and retain investment income and gains in a potentially tax free environment. 5. Patents, Royalties and Copyrights Royalties and licence or franchise fees may be received through offshore companies in a tax free environment. 6. Property Holding title to property through an offshore company may shield the identity of the owner, provide some measure of risk limitation in the case of lawsuits and may avoid or reduce income and capital gains tax upon disposal of the property. 7. Export Tax deferrals or complete exemptions on export sales are possible if routed through an offshore company 8. Personnel Recruitment and Placing Employers and employees may benefit from tax advantages using an offshore company for ex-patriot employment contracts. 9. Entertainment and Sport Entertainers and sports professionals may reduce their tax liabilities by contracting through an offshore company.