Tax and Cheat

[moam]

How do you get tax and cheat out of anything that I have posted with regards to off shore investmets to come up with tax cheat?

[Miguel]

... in response to Tax and Cheat, posted by moam on Oct 6, 2003

[This message has been edited by Miguel]

Moam, I didn't mean to imply in any way that anything you've posted has anything to do with tax cheating.    I was referring to books and web sites (not your postings) that promote tax avoidance schemes that aren't legal.  To be honest, knowing nothing about IL and never having attended a conference, for all I know whatever is being presented there may not fall into that category.  I just intended to say I've looked closely and could not find a good, legal way to permanently avoid tax on investment income, and there are holes in plans that are being marketed in books and on the web. Similarly, in agreeing, Burbuja2 wasn't saying any of your postings were associated with tax cheating either.  

Thanks for your comments on teak industry in Panama.  I took a quick look at a project in Costa Rica years ago, and there were some problems with it.  As a result, I probably have a negative attitude towards projects of that type in general, which perhaps I shouldn't.  

Thanks for tip regarding Carnival.  I did look up info.  Micky Arison, who appears to control company, do you know if he is a U.S. citizen?  If answer is yes, do you know if he individually or his trusts have to pay taxes to U.S. government by virtue of share ownership in Carnival?

And, finally, thanks for post you put on here sometime ago about Panama.  It was one of reasons I visited there recently.

[moam]

... in response to Re: Tax and Cheat, posted by Miguel on Oct 7, 2003

Miguel,

We are in total agreement on the text of your post, there are losts of schemes out there that are not worth the paper that they are written on and they are to be avoided at all cost. It is so unfortunate that ligititmate opportunities, investments, and or ideas get viewed with equal suspicions when the word off shore appears. What are your feelings on Panama and did you have a good time?

[Miguel]

... in response to Re: Re: Tax and Cheat, posted by moam on Oct 7, 2003

[This message has been edited by Miguel]

I did have a good time. Panama City is not exactly Miami, but infrastructure is better than most places I've seen in L.A.  Violent crime does not appear to be a big problem(worse than the U.S.), except for Colon.  Typical of Latin America (L.A.), there's lots of corruption, and economy is controlled by maybe a couple of dozen families.   As indicated in what you posted, economy is definitely depressed, and has been for a long time, since the U.S. left. I think it's going to take a radical political change for this country to achieve its potential. Given location and tax system, I do think Panama has the potential to become to L.A. like Hong Kong is to China.  Current president is really bad, but there's an election coming up soon, so hopefully her replacement will be better.

Climate is about like coastal Colombia, warm and humid, and it rains a lot.  I wish I'd had the time to visit Boquete, in the mountains, as it sounds like a nice place to live, although maybe not such a great place to work.  Hopefully next time.

[burbuja2]

... in response to Tax and Cheat, posted by moam on Oct 6, 2003

The post you reference below was in agreement to a statement made by Miguel.  I have enjoyed your posts on offshore investments-but I have not commented on them.

[moam]

... in response to Was That Directed at MOI?, posted by burbuja2 on Oct 7, 2003

burbuja2,
Okay , we will put this thing to rest,  lets talk about that which we all love, beautiful latin women. Any body got a good trip report???