Archive | May, 2006

Virtual Island Leased for $320,000 USD

Wager Island becomes the largest “virtual real estate” transaction reported to date. Wager Island is an online gaming package designed to capture a gambling niche in the multi-billion dollar online gaming industry. Rather than traditional casino games and online poker, Wager Island offers alternative online gaming in a fantasy socio-economic island environment. (more…)

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CyberCriminals and Credit Cards

CyberCriminals Have Stolen Over Two Million Credit Cards Worldwide and Counting Secure Science Corporation (SSC) has identified and recovered more than 2 million stolen credit cards since January of this year using their exclusive Global Surveillance Center (GSC). The majority of this stolen data is being recovered from malicious software installed on users’ computers via […]

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Ghost ship with 11 corpses washes up in Barbados

The white ghost ship rolled in the Atlantic swell as the rescue boats approached it 70 nautical miles off Ragged Point, one of the most easterly places on the Caribbean island of Barbados. The yacht was unmarked, 6m long, and when Barbadian coastguard officers boarded it, they made a gruesome find. The boat’s phantom crew […]

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Online Gambling Bills Violate Recent WTO Ruling

In defiance of a recent ruling of the World Trade Organization, the House Judiciary Committee in the U.S. today approved two Internet gambling bills that ignore the United States’ commitment to free and fair trade with other countries. Trust Antigua to be amongst the first to make noise in the media and expect to hear […]

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Offshore Investing

Tax is the driving force behind ‘offshore’, but for the great majority of well-off individuals considering offshore investment, tax is not directly an issue. They reside in high-tax areas such as the EU, the US, Canada or Japan, they pay their taxes, and if they make ‘offshore’ investments, it is in pursuit of higher returns, […]

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Offshore Variable Annuity

QUESTION: I have seen references in various newsletters that one method to legally save taxes offshore is by an investment into an offshore variable annuity. Can you please advise what is the meaning of the word ‘variable’ ( in IRS terms ) insofar as it relates to interest payable and term of investment.? Does this […]

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Malta Online Gaming Operations

by George Farrugia Serious gaming companies understand the importance of a reputable licence. Being perceived by players as safe and credible will provide greater credibility to online game sites and therefore assist in making them more competitive on the market. Maltese Gaming regulation can offer precisely than but also coupled with favorable tax regimes and […]

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Offshore Business Magazine

The Offshore Business Magazines are partly created by a world-wide netowrk of contributors (Offshore Service providers, Law Firms, Accounting Firms and Businessmen) dedicted to producing a quality educational and informative magazine free-of-charge, for the benefit of those doing business offshore. Every issue the magazine gets better, issue number 7 has been released and it’s free […]

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R David Finzer

R David Finzer is an acknowledged expert with some 20 years experience in international corporate planning, he gained wide international experience as: Managing Director of the LIFE Offshore Group in Nevis and Grenada, Deputy Chairman of Trinity International Bank in Montenegro, partner in Finzer & Richardson in Washington, D.C., Chairman of the Conservative Action Foundation […]

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