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I think you need to get yourself a good tax attorney. It will cost you but you might get help this way

You want this poor guy to move to Russia like Edward Snowden ? . Maybe he can get a good tax attorney for plea bargain.

I had a problem with this ABC bank years ago lol.

ABC bank don't like us US citizens living overseas.

How does that work in Seychelles ? Is it possible to get an IBC plus bank account to be willed to your wife and children in case of death ? Don't want her as a partner now.

Thank you for your valuable information. Just something I required.

Wasn't there a trust similar to this type sometime ago in the news ? That got busted.

Capital security bank had a relationship banking problem earlier. They had their accounts frozen for months. A friend had an ac there at that time.

No doubt about it. Chicks are really hot in Argentina . Didn't know it was so easy to get an instant citizenship as I know a few expats were waiting for sometime ago as I read on some other group for South American citizenships.

It's becoming more burden on US expats who are living overseas like me. Banks don't want me locally and most local brokers don't want to deal with US clients living overseas in that country even. Too much reporting burden on their compliance teams. Most of them told me just get a second passport...

Well this is what FATCA encompasses. US govt can simply freeze the USD correspondence accounts of any bank and it has before.

Basically rich developed countries are dangling a carrot in front of countries like Costa Rica so that it's not a escape route for tax nomads anymore. Tax the air, tax everything so politicians can pay for their extravagance while they design their Iss craft ways to dodge their tax bills. Mitt...

Basically you can't use this clause anymore for tax purposes yes you can use it to avoid a greedy wife's lawyer chasing your assets. :)

In days of FATCA everything has changed. This case was before FATCA came into existence. These days US can just freeze usd correspondence account of the bank holding those assets and they are doing that since 2010. Matter resolved ;)

Trustee never released the funds. They were released after punishment. Weren't allowed to leave the country.

In case of Cook Islands in a case I read earlier even US tax dept was not able to get the assets as trustee refused to pay distributions to the one who donated the money to the trust and US govt arrested that couple too with courts forcing them to pay but trustee due to duress clause refused to...

You are so correct. I love my wife too. It's easy to get many women but are they really interested in you or your wealth it's mostly wealth. Very hard to find someone you hold dearly and share your life to be with. Same applies to women too they can find a lot of male partners (Well some of them...

New girl everyday. ;). Well it's not fun either. No relationship basically. Best is friendship and bond between two adults. Nothing beats that.

I think they are making it confusing for people that they all should file when it's quite clear on MoF.gov website that it's only for businesses involved in relevant activities not all activities.

What kind of penalties ? None of my clients have received any penalties as they all did their ESR registration submission. No business in UAE just living here or traveling to UAE every few months to keep their residency.