Corb7 International October 7, 2020 Newsletter

International Business

Editor’s Note

Tax Reform & Punitive Taxes

In 1988, the Rolling Stones explained why they left England to Washington Post writer, Richard Harrington, for his article entitled “Stone Free.”   “In 1971, we were forced to decide courtesy of the British government – live in England and (because of high taxes) not be able to afford another set of guitar strings or move and keep the band together.  Hence, the album “Exile on Main Street”.

The subject of tax reform, reporting and compliance is a business news item appearing daily in worldwide financial journals.   A recent trail balloon – the idea of punitive tax reform – has been slipped into this age-old debate.  Somehow the idea of punishing the successful business person with unreasonable high tax has gained traction.  We readily acknowledge the obligation to report and pay a fair amount of tax, but nevertheless, we think this approach is not only morally reprehensible but economically senseless. Below we offer a video published by Dan Mitchell of the Cato Institute.  Mr. Mitchel has impressed us for years with his no-nonsense approach to tax and international business. Even if you reside outside of the United States, we think you will find his thoughts insightful.  We have also offered a second video published recently by Ben Shapiro in which he explains why he and his business are leaving California after being a lifelong resident.

International Business

Business Tools

Profit & Asset Protection for Non-US Citizens

Shelf corporations in the United States have many profound business purposes. They are frequently used for holding personal or business assets.  Another common purpose for the creation of a shelf corporation is as a turn-key business package that can later be sold to someone who wants to start and operate a company without going through the effort to form a new one.   Others might benefit who may not qualify for a bank loan, line of credit, or government contract because they or their existing company does not have the required credit scores or a two to five year established business history.  By purchasing a shelf corporation, an entrepreneur now instantly owns an established company that has been “in business” for several years without debts or liabilities.

For Non-U.S. citizens, owning a shelf corporation in the United States may enhance privacy and open new markets.  Since the United States is not a participant in the OECD Common Reporting Standards, it is often looked upon as a privacy haven for non-citizens looking to invest here.  The Common Reporting Standard (“CRS”),  was created by the OECD in 2014 pursuant to a meeting of the G-20 nations in Australia and calls for the automatic exchange of financial account information between agreeing jurisdictions. It should also be noted, however, that to open a bank account, Non-U.S. citizens will likely need to travel to the United States and meet with potential banks.

Immediately Available! 

* 24-Year-Old Vintage US Corporation  
Established in the year 1995
State of Wyoming
Price $52,310

* 51-Year-Old Vintage US Corporation
Established in the year 1968
State of Nevada
Price $88,920

* 111-Year-Old Vintage US Corporation
Established in the year 1928
State of Nevada
Price $218,800
* Supporting Articles:

Financial Times Article

The World’s Largest Tax Haven

United States Not Participant in CRS

International Business

Cross-Border Business Planning

Malta and Its Dark Side!

Malta

An island nation situated in the central Mediterranean between Sicily and the North African coast, it is considered by many to be extremely safe for tourists and a great destination.  This 2018 60 Minute Report, nevertheless, explores a potential dark side to its citizenship for sale plans.  A facilitating piece, this video does have a “gotcha” tone which is all to common in reporting but worth the time.

Malta
Location:  Mediterranean
Capital City:  Valetta
Population:  541,000 (Estimated 2019)
Language Spoken:  Maltese, English
International Time:  EST + 6 hours
Airline Service:  Air Europe, Air Malta, British Islands Airways, Monarch Airlines
Currency:  Lira
Type of Government:  Independent Republic
Main industries:  Dependent on foreign trade, manufacturing of electronics and pharmaceuticals and tourism
OECD:  Approved

Lifestyle

Executive Fitness

Longevity Conference in Switzerland!

Last Thursday on the first of October, a virtual longevity conference was hosted online from Switzerland.  It featured some of the world’s best known experts on the subject and was targeted at large private and institutional investors.  This was earmarked as the next big wave of opportunity for investors to move towards.

In the above video, David Sinclair, Ph.D., A.O. a Professor in the Department of Genetics and co-Director of the Paul F. Glenn Center for the Biology of Aging at Harvard Medical School is interviewed by Joe Rogan. His book “Lifespan: Why We Age And Why We Don’t Have To” is also highlighted.  Dr. Sinclair was one of the highlighted speakers during the Swiss online conference.

longevityinvestors.ch

Lifestyle

Spirits & Cuisine

Premium Steaks Shipped to Your Door

Family owned since 1932, the Kansas City Steak Company prides itself on providing value and the highest quality meats. We wholeheartedly feel that they have achieved their mission statement. While many of us just think of Kansas City for its famous barbecue, we love it for their top-of-the-line steaks as well. This company founded by Giovanni Scavuzzo during the Great Depression has history and a quality line of products. Our favorite is the Kansas City Strip Steaks. If you follow our suggestion, be sure to closely adhere to the directions. Sear the steaks first – one or two minutes a side should do it – and then finish via indirect heat. Don’t forget to try their seasoned rub too.

Kansas City Steak Company
100 Osage Ave, Kansas City, KS 66105
Phone: 1-800-987-8325

Click Here to Order

Lifestyle

Lifestyle & Travel

Travel Insurance & COVID-19!

As various parts of the world begin to slowly reopen, people looking forward to traveling or vacationing should know that many travel insurance policies do not provide coverage for travelers who decide to cancel their plans due to concerns about a pandemic.

According to AARP, many insurance companies explicitly state in travel insurance policies that pandemics are excluded as reasons for canceling a trip. Travel insurance providers note that exclusion exists because pandemics are extremely unpredictable, which makes it difficult to properly assess the risk of one happening when determining the cost of a policy. In the wake of the COVID-19 outbreak, some travel insurance providers expressed a willingness to be flexible, with some even offering refunds to customers who became ill with the virus prior to their trips. However, such flexibility is not uniform, and travelers, such as those who have not tested positive for the virus, may need to find alternative solutions if they do not want to travel but have already booked vacations.

Travel agents or others who helped book travel reservations may be willing to serve as intermediaries between travelers and hotels or rental property owners to increase the chances that vacationers are not stuck paying for vacations they have no intention of taking.

Business Services

Business Acquisitions

 SWISS TRUST COMPANIES!

A Swiss Trust Company is a Non-Banking Financial Business Model that will operate for you as a holding entity and a flagship structure adding prestige and operational authority to any venture.  This totally unique corporate structure perpetuates the legacy and tradition of the Swiss financial industry and transitions smartly into any business undertaking that you may embark on.

Swiss Trust Companies are not banks but come as close as you can get without actually being a licensed Swiss bank. Thus, many of the authorities and advantages a bank provides become available to ownership without a large capital requirement and with much lower ongoing costs. Vintage Swiss Trust Companies bestow enormous advantages upon its owner due to its history and date of incorporation, which include the opportunity for profit & asset protection.

* Free E- Book:  “The Complete Guide to Swiss Trust Company Ownership”

Click Here for Your Free Copy

Move investment capital faster
Take advantage of growth opportunities resulting in increased profit.

Exercise more control over capital transactions
Reduce third party fees thus creating savings.

Establish a major European beachhead
Protect funds from political instability and consolidate global business interest.

Alternative to captive bank ownership
which can be a very long and expensive process to successfully complete.

Because of success in their respective fields, our client’s business interests and personal interests are often intertwined.  To that end, owning a Swiss Trust Company also offers the additional individual benefits of asset protection and estate planning possibilities.

Swiss-friendly approach on Crypto regulations
Switzerland is ranked number one of top ten European countries for starting a blockchain company due to its friendly regulation environment and supportive startup ecosystem with world-class service providers. It is rapidly emerging as a crypto paradise, supported by its banking skills, low-tax-system, elite universities and Switzerland as brand itself which has attracted a large variety of foreign cryptocurrency and blockchain startups. In Switzerland cryptocurrencies and exchanges are legal, and the country has adopted a remarkably progressive stance towards cryptocurrency regulations. The long-term policy regarding crypto-currencies on the part of the Swiss Financial Market Authority and its clarification of many aspects related to their business makes Switzerland one of the best places worldwide to launch an ICO.

Crypto Valley in Zug
The Swiss city Zug in central Switzerland, also known as Crypto valley, is one of the most crypto-friendly cities in the world. Perfectly positioned to get the most out of the decentralized, stable and predictable Swiss political system and its unique business environment, Zug is incomparable for an uncomplicated and pragmatic implementation of business ideas with world-class infrastructure. Zug offers a solid basis for global growth due to its business-friendly philosophy and the openness and easy accessibility of its authorities with short communication channels. With its low-tax-system, pro-business environment and fantastic quality of life Zug has attracted numerous multinationals, creating an international and cosmopolitan culture with an easy access to powerful global networks.

Swiss Trust company as perfect support for US-investors in engaging in business activities related to Crypto
The Swiss Trust company is one of the best known and respected vehicles in the business world. Swiss Trust companies can easily function as a holding entity and a flagship structure for any company and investment. They provide administrators with an excellent level of discretion and security and maintain a great number of types of assets, including shares, commodities, real estate properties, fixed income assets and cash. This flexibility combined with discretion, privacy and prestige makes the Swiss Trust company the perfect business vehicle for US-investors in engaging in business activities related to Crypto, such as ICO, participation and investing in ICO or crypto assets, acting as escrow agent or fiduciary in crypt assets related transactions.