[.ca] Offshore Money Book, The (ISBN 0809225174)

Investing Advice from an Offshore Pro:
Of all the offshore investment books that I have reviewed, this is the best for the price, especially for US citizens. I found this book to be full of usable information and a 'must read' for anyone considering an offshore investment or business strategy. The author offers some very worthwhile advice. While most worthwhile offshore books on the market cost in excess of $200, this book provides some good useable information in both the 'do' and 'don't' department and is an excellent and inexpensive way to get started or come up to speed with recent US legislative changes. The Internet is big factor and one that has had a major impact in offshore planning. However, it is a double-edged sword. It has allowed clients access to new information and providers with the ability to promote themselves worldwide. It takes skill and knowledge, however, to separate fact from fiction and legitimate provider from suspect. Offshore investing and stock trading have grown exponentially in the last 3 years but the trick again is distinguishing truth from fiction. Arnie is disturbed by the number of US investors who believe that simply setting up an IBC or other offshore entity and trading through an offshore broker removes them from the responsibility of paying taxes on capital gains in the US. While this may be possible for foreigners investing in the US stock markets, US citizens and residents do not escape income taxes at home simply by investing through offshore structures or an offshore broker. With that said however, an offshore strategy does permit deferral of taxes due on capital gains earned offshore if properly set up, similar to strategies for onshore investments but such structures are often complicated and expensive. If it were easy and inexpensive to set up a legal structure to eliminate taxes, everyone would do it, which is something that the Internal Revenue Service and Congress will not tolerate. Once this is understood, a strategy for the US person who is an offshore trader and investor does offer other significant advantages as well. These include asset protection and greater privacy. One of the greatest benefits is access to broader markets not normally available to individual onshore investors thanks to the raft of stringent Securities and Exchange regulations. Finally, if you are looking for a magic strategy in a book (or books) you will probably be disappointed. As attorney Jay Adkisson said recently, the author who puts a technique for reducing taxes down in print usually dooms it to attack by bureaucrats at home. I have certainly found this to be true in my years of reviewing offshore texts and one to be remembered when reading The Offshore Money Book. Even if such structures remain viable, offshore books do not offer sufficient enough detail to permit them to be applied without professional assistance. However, only by reading lots of books will one be able to know the difference between a good offshore professional and one who doesn't know his elbow from a hole offshore in which to sink your money! Matt Blackman goldhaven.com

Director of Corporate Finance:
While some of the specifics are dated - this is the best book on the subject - bar none. It written by a real professional in the business - not book by a hot air promoter like the now indicted Terry Neals or the indicted Jermore Schinder that lie to their clients to get money. Cornez tells it how it is for US residents. Read, learn and don't listen to those who tell you what you want to hear - but just lead you in to trouble. So when does he come out with the new edition? Bob

Cornez knows what he's talking about...:
Arnold is one of the people I respect most in the field of international strategies and structures. An attorney with many years of experience, and working directly at the highest levels with foreign banks, trust companies, funds, and insurance companies, he's the one I call first to discuss an issue. I recommend the 'Offshore Money Book'.

Cornez knows what he's talking about...:
Arnold Cornez is an attorney and an authority in the field with long experience working closely with and on the inside of offshore banks, trust companies, and other entities. He's the one I call first when I have an issue to discuss.

An author who knows what he's talking about:
Arnold is one of the people I respect most in the field of international strategies and structures. An attorney with many years of experience, and working directly at the highest levels with foreign banks, trust companies, funds, and insurance companies, he's the one I call first to discuss an issue. I recommend the 'Offshore Money Book'.