Hi ,

David Finzer has been superb on "Truth and Lies Radio". The topics are timely, the questions and answers (with callers) are insightful but it's the authority with which the host speaks, as he's either personally conducted business in the countries which he discusses, or knows someone who has. David's knowledge/experience of offshore business law is one thing, another is to explain legal structures and offshore investment strategies (for asset protection), in such a clear, concise manner. ~ Actionable intel on how to invest offshore.

Send your questions to me, and I'll get them answered by David Finzer on the "Truth and Lies Radio Show"(completely confidential).

Aaron A Day
Editor-in-chief
about.me/aaronday

You are invited to join us for The Truth and Lies radio show, hosted by R David Finzer, the president and CEO of the Capital Conservator Group, on the Overseas Radio Network 1PM to 2PM New York Time Monday-Friday. This informative 1 hour radio show is dedicated to revealing the truth and exposing the lies about:

• international living and expatriation,
• pitfalls and rewards of the PT (permanent traveler) lifestyle,
• offshore companies, trusts, foundations and other structures, asset protection

Submit a question to be answered on "The Truth and Lies" radio show.

A sound investment idea is to replace under-performing assets in your existing IRA/Roth account to establish a Rare Industrial Metals and Silver (RIMS IRA). This is a wise asset protection choice.

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*Advisers and/or affiliates provide a service that facilitates the preparation of a Rare Industrial Metals and Silver IRA and are not giving any tax advice regarding rare industrial metals, silver or any other products. Please write to request an introduction to a RIMS IRA expert.

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The following case, submitted by an offshore adviser, has been prepared solely for information purposes.

As you know the Tax Information Exchange Act between the USA and Panama means that "confidentiality" is a question mark... so we asked a Law Firm in Panama... my opinion is that there solution is like a game of musical chairs... as governments keep looking for you we will keep moving you around is the way I read it (see below), how about you? - Enclosed is a quote of their solution to TIEA:

"The recent TIEA between Panama and the U.S. will only have an effect on bank accounts held by U.S. citizens in Panama. Panama companies and foundations are simple to set up as 100% anonymous vehicles just as before as there have been no changes to the law that governs these vehicles. Also you have full protection under attorney-client confidentiality since we are a law firm. The strategy is then simply to open accounts in other jurisdictions which do not have any TIEA's in place, such as Belize, Andorra or Hong Kong.

Of course one can also form companies and trusts in Belize and other similar jurisdictions as an alternative option although it is a good idea, in any case, to consider a multi-jurisdictional strategy with perhaps a foundation in Panama owning a Nevis or Hong Kong corporation with bank accounts in Belize, St. Vincent, Andorra and/or Hong Kong - for example."

Offshore Adviser responds to the Panama Attorney's suggestion:

I can't say I agree with him on the fact that the TEIA only affects US persons, certainly the intent is to capture US persons but keep in mind the contra flow of data? I see a flow of data going to the US and finding its way back to any other LATAM country that has a TIEA with the USA which consequently will affect many other Latin American individuals.

Keep in mind also if you are an Ecuadorian for example who owns a bunch of real estate through a Panama foundation, is he telling me that the IRS will disregard that data? I doubt it very much, in the same way I doubt the Ecuadorian tax authorities will disregard same data. Also the anonymity of the foundation is incorrect as in some LATAM countries, again using the example of Ecuador if you settle a foundation you must disclose it and report it 2-3 steps up the structure the window is very narrow for them and I see his approach as short term.

What about distributions from the foundation, where do they go, how are they classified and how are they received?. We see this issue all the time currently with some clients and prospects we have. Again he is not incorrect about setting up his bank accounts but these to me are reactive positions without any long term strategic approach, where will he go once these jurisdictions are all being looked at? He has not really addressed the issue of compliant money or non compliant money."

Request an introduction to a Cross Borders Retirement Plan Consultant.

Galleon Beach is situated at Freeman's Bay in English Harbour on the southern tip of Antigua in the heart of the National Park. Write to request more information.

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Request an introduction to the broker for Galleon Beach Resort.

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