The ATO has released its anticipated guidance on crypto-currencies, saying Bitcoin or other digital currency payments will be taxed like a non-cash barter transaction.
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German customs confiscate documents shipped from Coutts Trust Company in Cayman Customs officials in Hamburg, Germany, have confiscated two containers with thousands of offshore banking records that were shipped from the Cayman Islands, according to German media. Sunday newspaper Welt am Sonntag reported the containers included 14,000
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Offshore Asset Protection is almost a necessary measure in today’s world. All one has to do is open any newspaper or news website and it isn’t hard to find stories of civil forfeiture. For example this article from Sept. 25, 2013 on the USA Today Website: Assault
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WOODY ALLEN once remarked that believing in God would be easier if He would show Himself by making a large deposit in a Swiss bank account in the director’s name. Parking riches in the Alps has become a less heavenly experience in recent years, thanks to America’s assault on its tax-dodging citizens and the moneymen who serve them.
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Overseas investment may become more of a choice for China’s richest families as foreign private banks are looking at offshore opportunities for their Chinese customers to avoid tougher regulations in the country, a PricewaterhouseCoopers survey said.
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