As governments go Flat out to Hammer Tax Evasion and many banks are under severe pressure, Is PPLI the only remaining safe haven?
Switzerland has now agreed to start sharing financial information with the European Union. This sharing is on an automatic basis so European countries will receive the names, addresses, tax identification numbers and dates of birth of their residents with accounts in Swiss banks and they don’t even have to ask!
‘Stop Hiding Your Money offshore, you Will get caught and When that happens, you Will be prosecuted’.
Deloitte have compiled data that shows Switzerland holds about $ 2 trillion of non residents money, closely followed by the UK with $1.7 trillion & and US with $1.4 trillion.
So where will the legal money go to maintain Privacy & Protection?
Recent years have seen the Introduction of the Private Placement Asset Protection Bond, a contract that provides the greatest level of protection and privacy that is legally possible:
- Absolutely Private without any reporting requirements
- Tax Advantaged, tax free in many countries.
- Totally Compliant and Multi Jurisdictional
Mark O’Shea TEP, a Director of FTA in Cyprus had this to say about the process:
“We take the Legal benefits and Tax Advantages of a properly Constructed International Insurance Contract, merge it with the flexibility of Swiss Private Banking then cover it all with the Privacy and Protection provided by Luxembourg. We create the Ultimate in wealth management tools known as Private Banking Insurance or PPLI. There is absolutely no need to ‘hide’ money when we offer a perfectly legitimate and fully compliant contract to hold cash and other investments”.
- More Secure and more flexible than an International Trust
- Safer than a Bank, Bail In free with a proper capital guarantee