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The Best Tax Haven Getaways

Christina Valhouli It’s April 15, the day when all responsible citizens have to send in their annual pound of flesh to the Internal Revenue Service. Unless, of course, you are a tax exile. So, while Forbes does not condone tax evasion, we are especially sympathetic to how many of our readers are feeling this time […]

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Citigroup to sell offshore schemes

The Indian banking unit of US financial giant, Citigroup, today said it is awaiting permission from the Reserve Bank of India to market offshore mutual-fund products. “We have furnished all the details with the Reserve Bank of India, as per the disclosure norms, and an approval is soon expected,” said Sarvesh Sarup, country business manager, […]

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Offshore Investment in US Real Estate to Increase in 2004

WASHINGTON, DC – After 7.3% shortfall in planned investment in the year 2002, foreign investment in US real estate rose by 59% in 2003 and is expected to increase by another 11.9% in 2004 as foreign investors earmark 56% of their cross-border allocations for US real estate. The top five US cities on foreign investors’ […]

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IRS Updates The ‘Dirty Dozen’ For 2004

Beyond the “Dirty Dozen,” the IRS sees many more tax schemes. In one, a telephone caller says you’ve won a prize, and all you have to do to get it is to pay the income tax due — to the caller. Other scams can play off recent news events, such as one last year targeting […]

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ANTIGUA SUES U.S. OVER INTERNET BAN

The tiny Caribbean island nation of Antigua is suing the United States before the World Trade Organization, alleging the U.S. ban on Internet gambling is an unfair trade practice. Antigua claims that U.S. efforts to prohibit Americans from betting online is discriminatory and violates trade agreements that allow foreign Internet companies to offer their services […]

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Brunei seeking to forge closer ties with Bahrain

By SOMAN BABY MANAMA: Brunei Darussalam is due to strengthen its financial and economic ties with Bahrain, according to charge d’ affaires Haji Mulok Jumat. Two agreements are to be signed between the two countries this year – on the promotion and protection of investment and avoidance of double taxation. Speaking yesterday on the eve […]

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